Tudor Investment Corp ET AL Purchases 67,385 Shares of Acadian Asset Management Inc. $AAMI

Tudor Investment Corp ET AL boosted its position in shares of Acadian Asset Management Inc. (NYSE:AAMIFree Report) by 42.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,579 shares of the company’s stock after acquiring an additional 67,385 shares during the period. Tudor Investment Corp ET AL owned 0.63% of Acadian Asset Management worth $10,864,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Swiss National Bank purchased a new stake in Acadian Asset Management in the 2nd quarter worth approximately $1,872,000. JPMorgan Chase & Co. purchased a new position in shares of Acadian Asset Management during the 2nd quarter valued at $6,964,000. Legal & General Group Plc bought a new position in shares of Acadian Asset Management in the second quarter worth $2,589,000. Rhumbline Advisers bought a new position in shares of Acadian Asset Management in the second quarter worth $2,880,000. Finally, American Century Companies Inc. purchased a new stake in shares of Acadian Asset Management in the second quarter worth $1,773,000. Institutional investors own 98.69% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Royal Bank Of Canada boosted their target price on Acadian Asset Management from $52.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Friday, February 6th. Wall Street Zen raised Acadian Asset Management from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Morgan Stanley lifted their price target on Acadian Asset Management from $50.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.33.

Read Our Latest Report on AAMI

Acadian Asset Management Stock Performance

Acadian Asset Management stock opened at $55.34 on Monday. Acadian Asset Management Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $58.35. The stock has a market cap of $1.98 billion, a P/E ratio of 25.04 and a beta of 1.26. The firm’s fifty day moving average price is $52.94 and its 200-day moving average price is $49.39.

Acadian Asset Management (NYSE:AAMIGet Free Report) last announced its earnings results on Friday, February 27th. The company reported $1.32 earnings per share (EPS) for the quarter. The company 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, analysts predict that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.

Acadian Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, March 13th. This is an increase from Acadian Asset Management’s previous quarterly dividend of $0.01. Acadian Asset Management’s dividend payout ratio (DPR) is currently 18.10%.

Insider Activity

In related news, Director Barbara Trebbi sold 9,691 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total transaction of $496,373.02. Following the transaction, the director directly owned 35,771 shares of the company’s stock, valued at approximately $1,832,190.62. This trade represents a 21.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert J. Chersi sold 28,753 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,917,799.20. The trade was a 43.47% decrease in their position. The SEC filing for this sale provides additional information. 26.00% of the stock is currently owned by corporate insiders.

Acadian Asset Management Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Acadian Asset Management (NYSE:AAMI)

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