Morningstar Investment Management LLC Buys New Holdings in Acadian Asset Management Inc. $AAMI

Morningstar Investment Management LLC bought a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,188 shares of the company’s stock, valued at approximately $337,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jacobs Levy Equity Management Inc. bought a new stake in shares of Acadian Asset Management during the third quarter worth approximately $20,059,000. Boston Trust Walden Corp acquired a new stake in Acadian Asset Management during the first quarter worth about $15,325,000. Soros Fund Management LLC boosted its position in shares of Acadian Asset Management by 61.3% during the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock worth $34,656,000 after acquiring an additional 280,239 shares in the last quarter. Amundi bought a new position in shares of Acadian Asset Management in the 3rd quarter valued at $11,361,000. Finally, Invesco Ltd. bought a new position in Acadian Asset Management in the second quarter valued at about $8,608,000. Institutional investors own 98.69% of the company’s stock.

Insider Transactions at Acadian Asset Management

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $66.97, for a total value of $6,697,000.00. Following the completion of the sale, the chief accounting officer owned 73,863 shares of the company’s stock, valued at approximately $4,946,605.11. This trade represents a 57.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 22.60% of the company’s stock.

Acadian Asset Management Price Performance

AAMI stock opened at $80.81 on Monday. The stock has a market capitalization of $2.88 billion, a PE ratio of 34.39 and a beta of 1.32. The company’s 50-day moving average is $76.11 and its 200-day moving average is $63.69. Acadian Asset Management Inc. has a 1 year low of $39.20 and a 1 year high of $85.73.

Acadian Asset Management (NYSE:AAMI) last issued its earnings results on Thursday, April 30th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.94 by $0.11. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%.The company had revenue of $165.00 million during the quarter. On average, analysts anticipate that Acadian Asset Management Inc. will post 5.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Evercore set a $84.00 target price on shares of Acadian Asset Management in a research report on Friday, July 10th. Royal Bank Of Canada lifted their price objective on Acadian Asset Management from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 2nd. Morgan Stanley increased their price target on Acadian Asset Management from $60.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. Finally, Zacks Research raised shares of Acadian Asset Management from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Acadian Asset Management currently has an average rating of “Hold” and an average target price of $78.00.

Acadian Asset Management Company Profile

Acadian Asset Management is a global investment management firm specializing in quantitative research and systematic strategies. Since its founding in 1986, the firm has developed data-driven models designed to identify and capture investment opportunities across equity and fixed income markets. By integrating advanced analytics, proprietary risk management tools and a disciplined investment process, Acadian seeks to deliver consistent performance for institutional clients.

The firm’s core offerings include institutional equity portfolios, fixed income strategies and multi-asset solutions.