Kendall Capital Management Takes Position in Acadian Asset Management Inc. $AAMI

Kendall Capital Management purchased a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 33,985 shares of the company’s stock, valued at approximately $2,431,000.

Several other institutional investors also recently added to or reduced their stakes in AAMI. Quantbot Technologies LP acquired a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $67,000. William Blair Investment Management LLC acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at $14,862,000. Caldwell Investment Management Ltd. acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at $1,251,000. Allworth Financial LP purchased a new stake in Acadian Asset Management in the 2nd quarter valued at $49,000. Finally, BlackRock Inc. purchased a new stake in Acadian Asset Management in the 2nd quarter valued at $320,877,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Acadian Asset Management Stock Performance

Shares of Acadian Asset Management stock opened at $92.14 on Friday. Acadian Asset Management Inc. has a one year low of $41.47 and a one year high of $93.82. The company has a market cap of $3.27 billion, a P/E ratio of 32.56 and a beta of 1.30. The firm has a fifty day moving average of $82.43 and a two-hundred day moving average of $68.65.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $183.20 million for the quarter. As a group, equities analysts predict that Acadian Asset Management Inc. will post 5.07 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.10 dividend. 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 (DPR) is currently 14.13%.

Wall Street Analyst Weigh In

AAMI has been the subject of a number of recent research reports. Evercore set a $84.00 price objective on shares of Acadian Asset Management in a research report on Friday, July 10th. Weiss Ratings upgraded shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Royal Bank Of Canada raised their price target 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. Zacks Research raised Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. One 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.67.

Acadian Asset Management Company 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.