Acadian Asset Management Inc. $AAMI Shares Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. increased its position in Acadian Asset Management Inc. (NYSE:AAMI) by 56.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,232 shares of the company’s stock after buying an additional 38,097 shares during the period. Jupiter Asset Management Ltd.’s holdings in Acadian Asset Management were worth $5,068,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Paulson & CO. Inc. purchased a new stake in Acadian Asset Management in the 2nd quarter worth approximately $315,402,000. Jennison Associates LLC purchased a new stake in shares of Acadian Asset Management in the second quarter valued at $73,690,000. Impax Asset Management Group plc acquired a new position in Acadian Asset Management in the second quarter valued at $35,240,000. Geode Capital Management LLC purchased a new position in Acadian Asset Management during the second quarter worth about $22,116,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Acadian Asset Management in the 2nd quarter worth about $21,531,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Royal Bank Of Canada boosted their target price on shares of Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a report on Friday, February 6th. Wall Street Zen raised shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Morgan Stanley boosted their price objective on shares of Acadian Asset Management from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 3rd. Finally, Evercore set a $52.00 price objective on Acadian Asset Management in a report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $52.00.

Insider Activity

In other news, Director Robert J. Chersi sold 28,753 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $51.30, for a total value of $1,475,028.90. Following the completion of the sale, the director owned 37,384 shares in the company, valued at approximately $1,917,799.20. This trade represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara Trebbi sold 9,691 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total value of $496,373.02. Following the sale, the director owned 35,771 shares in the company, valued at approximately $1,832,190.62. The trade was a 21.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 26.00% of the stock is owned by corporate insiders.

Acadian Asset Management Stock Up 0.5%

Shares of AAMI stock opened at $53.16 on Friday. Acadian Asset Management Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $56.46. The firm’s 50 day moving average price is $51.31 and its two-hundred day moving average price is $48.29. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 24.05 and a beta of 1.31.

Acadian Asset Management (NYSE:AAMI) last issued its earnings results on Thursday, February 5th. The company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). The business had revenue of $169.70 million during the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. On average, equities analysts forecast that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.10 per share. This is a boost from Acadian Asset Management’s previous quarterly dividend of $0.01. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, March 13th. Acadian Asset Management’s payout ratio is presently 1.81%.

Acadian Asset Management 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.