State of Wyoming Purchases New Position in Acadian Asset Management Inc. $AAMI

State of Wyoming purchased a new stake in Acadian Asset Management Inc. (NYSE:AAMI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,966 shares of the company’s stock, valued at approximately $498,000.

Other hedge funds have also recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in shares of Acadian Asset Management during the second quarter valued at $1,038,000. Summit Global Investments bought a new stake in shares of Acadian Asset Management in the 2nd quarter worth about $1,209,000. Walleye Capital LLC acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $5,906,000. World Equity Group Inc. acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $701,000. Finally, Bank of America Corp DE lifted its holdings in Acadian Asset Management by 36.8% during the 1st quarter. Bank of America Corp DE now owns 137,218 shares of the company’s stock valued at $7,467,000 after purchasing an additional 36,912 shares during the last quarter. 98.69% of the stock is currently owned by institutional investors and hedge funds.

Acadian Asset Management Stock Up 0.3%

Shares of NYSE AAMI opened at $92.76 on Tuesday. The firm’s 50-day simple moving average is $81.31 and its 200 day simple moving average is $67.72. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 32.78 and a beta of 1.30. Acadian Asset Management Inc. has a 12-month low of $41.47 and a 12-month high of $93.82.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.30. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. The firm had revenue of $183.20 million during the quarter. On average, equities analysts expect that Acadian Asset Management Inc. will post 5.07 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Zacks Research raised shares of Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Morgan Stanley set a $81.00 target price on shares of Acadian Asset Management in a research note on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Finally, Evercore set a $84.00 price target on Acadian Asset Management in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Acadian Asset Management has an average 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.