Jupiter Asset Management Ltd. Purchases New Stake in Acadian Asset Management Inc. $AAMI

Jupiter Asset Management Ltd. purchased a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) in the 2nd quarter, Holdings Channel reports. The fund purchased 67,135 shares of the company’s stock, valued at approximately $2,366,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AAMI. Jennison Associates LLC bought a new position in shares of Acadian Asset Management in the second quarter valued at about $73,690,000. William Blair Investment Management LLC acquired a new position in Acadian Asset Management in the 2nd quarter valued at about $25,094,000. Bank of New York Mellon Corp acquired a new position in Acadian Asset Management in the 2nd quarter valued at about $7,937,000. Allspring Global Investments Holdings LLC bought a new position in Acadian Asset Management in the 2nd quarter valued at about $7,512,000. Finally, Kestrel Investment Management Corp acquired a new stake in Acadian Asset Management during the second quarter worth approximately $2,304,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AAMI. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings raised Acadian Asset Management from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday. Evercore ISI set a $52.00 price target on Acadian Asset Management in a research note on Thursday, November 6th. Wall Street Zen lowered Acadian Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Morgan Stanley reissued a “positive” rating on shares of Acadian Asset Management in a report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.67.

Acadian Asset Management Price Performance

Shares of NYSE:AAMI opened at $43.19 on Friday. Acadian Asset Management Inc. has a 1 year low of $22.60 and a 1 year high of $54.99. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 18.22 and a beta of 1.42. The company’s 50 day simple moving average is $46.80 and its 200 day simple moving average is $40.40.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.03. Acadian Asset Management had a return on equity of 166.57% and a net margin of 15.70%. As a group, analysts anticipate that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Friday, December 12th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, December 12th. Acadian Asset Management’s dividend payout ratio is presently 1.69%.

Acadian Asset Management Company Profile

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.