Boston Partners Invests $1.73 Million in Acadian Asset Management Inc. $AAMI

Boston Partners bought a new stake in Acadian Asset Management Inc. (NYSE:AAMI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 49,084 shares of the company’s stock, valued at approximately $1,730,000. Boston Partners owned approximately 0.14% of Acadian Asset Management as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC purchased a new stake in shares of Acadian Asset Management in the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC acquired a new position in shares of Acadian Asset Management during the second quarter worth $37,000. Public Employees Retirement System of Ohio acquired a new position in shares of Acadian Asset Management during the second quarter worth $44,000. CWM LLC purchased a new position in Acadian Asset Management in the second quarter valued at $55,000. Finally, Blue Trust Inc. acquired a new stake in Acadian Asset Management in the second quarter valued at $57,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Up 1.5%

Shares of NYSE AAMI opened at $43.91 on Friday. The business has a 50-day moving average price of $46.78 and a 200 day moving average price of $40.51. The stock has a market cap of $1.57 billion, a PE ratio of 18.53 and a beta of 1.42. Acadian Asset Management Inc. has a 52-week low of $22.60 and a 52-week high of $54.99.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.76 EPS 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%. Sell-side analysts anticipate that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Royal Bank Of Canada boosted their target price on Acadian Asset Management from $34.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. Morgan Stanley reaffirmed a “positive” rating on shares of Acadian Asset Management in a report on Monday, October 6th. Weiss Ratings raised shares of Acadian Asset Management from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday. Finally, Evercore ISI set a $52.00 price objective on shares of Acadian Asset Management in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Acadian Asset Management presently has an average rating of “Hold” and a consensus target price of $45.67.

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.