Acadian Asset Management Inc. $AAMI Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc cut its position in Acadian Asset Management Inc. (NYSE:AAMI) by 23.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 765,484 shares of the company’s stock after selling 234,516 shares during the period. Impax Asset Management Group plc owned 2.14% of Acadian Asset Management worth $36,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Paulson & CO. Inc. purchased a new position in Acadian Asset Management in the second quarter valued at $315,402,000. Jennison Associates LLC purchased a new stake in Acadian Asset Management during the 2nd quarter worth about $73,690,000. William Blair Investment Management LLC acquired a new position in shares of Acadian Asset Management during the 2nd quarter worth about $25,094,000. Geode Capital Management LLC purchased a new position in shares of Acadian Asset Management in the 2nd quarter valued at about $22,116,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Acadian Asset Management in the 2nd quarter valued at about $21,531,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

Acadian Asset Management Stock Performance

NYSE AAMI opened at $51.48 on Wednesday. The firm has a market cap of $1.84 billion, a PE ratio of 23.30 and a beta of 1.30. Acadian Asset Management Inc. has a one year low of $22.60 and a one year high of $56.46. The firm’s fifty day moving average is $50.46 and its two-hundred day moving average is $47.70.

Acadian Asset Management (NYSE:AAMI) last announced 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). Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The business had revenue of $169.70 million during the quarter. Research analysts predict that Acadian Asset Management Inc. will post 2.78 earnings per share for the current 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 given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. Acadian Asset Management’s payout ratio is 18.10%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AAMI. Morgan Stanley boosted their target price on Acadian Asset Management from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. Wall Street Zen upgraded shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th. Evercore set a $52.00 target price on shares of Acadian Asset Management in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada boosted their price target on shares of Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $52.00.

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.