Voya Investment Management LLC Trims Holdings in Acadian Asset Management Inc. $AAMI

Voya Investment Management LLC lessened its stake in Acadian Asset Management Inc. (NYSE:AAMI) by 87.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,068 shares of the company’s stock after selling 36,188 shares during the period. Voya Investment Management LLC’s holdings in Acadian Asset Management were worth $244,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC bought a new stake in shares of Acadian Asset Management in the 2nd quarter worth about $25,000. EverSource Wealth Advisors LLC acquired a new position in Acadian Asset Management in the second quarter worth about $31,000. GAMMA Investing LLC bought a new stake in Acadian Asset Management in the second quarter valued at about $37,000. Public Employees Retirement System of Ohio bought a new position in Acadian Asset Management during the 2nd quarter worth approximately $44,000. Finally, CWM LLC bought a new position in Acadian Asset Management during the second quarter worth $55,000. 98.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AAMI. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Evercore ISI set a $52.00 target price on shares of Acadian Asset Management in a report on Thursday, November 6th. Wall Street Zen cut Acadian Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research downgraded Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Morgan Stanley upped their price objective on Acadian Asset Management from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Acadian Asset Management presently has a consensus rating of “Hold” and a consensus price target of $47.67.

Acadian Asset Management Stock Performance

Shares of AAMI opened at $49.28 on Tuesday. Acadian Asset Management Inc. has a one year low of $22.60 and a one year high of $54.99. The stock’s fifty day moving average is $46.12 and its 200-day moving average is $44.81. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 20.79 and a beta of 1.31.

Acadian Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 12th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, December 12th. Acadian Asset Management’s dividend payout ratio (DPR) is presently 1.69%.

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.