William Blair Investment Management LLC Takes $14.86 Million Position in Acadian Asset Management Inc. $AAMI

William Blair Investment Management LLC purchased a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 207,796 shares of the company’s stock, valued at approximately $14,862,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AAMI. BlackRock Inc. bought a new position in Acadian Asset Management during the second quarter valued at $320,877,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Acadian Asset Management in the third quarter valued at $20,059,000. Boston Trust Walden Corp bought a new stake in shares of Acadian Asset Management in the 1st quarter worth about $15,325,000. Soros Fund Management LLC lifted its holdings in shares of Acadian Asset Management by 61.3% in 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 during the last quarter. Finally, Amundi purchased a new position in shares of Acadian Asset Management during the 3rd quarter worth about $11,361,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

Acadian Asset Management Trading Up 1.4%

Shares of AAMI stock opened at $92.14 on Friday. Acadian Asset Management Inc. has a twelve month low of $41.47 and a twelve month high of $93.82. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 32.56 and a beta of 1.30. The stock has a fifty day simple moving average of $82.43 and a two-hundred day simple moving average of $68.65.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.03 by $0.30. The firm had revenue of $183.20 million for the quarter. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%. Research analysts predict that Acadian Asset Management Inc. will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 11th. Acadian Asset Management’s dividend payout ratio is presently 14.13%.

Wall Street Analyst Weigh In

AAMI has been the topic of several analyst reports. Zacks Research upgraded shares of Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Royal Bank Of Canada raised their price objective on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Acadian Asset Management in a research report on Friday, August 7th. Morgan Stanley set a $81.00 target price on Acadian Asset Management in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.67.

About Acadian Asset Management

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.