37,161 Shares in Acadian Asset Management Inc. $AAMI Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Acadian Asset Management Inc. (NYSE:AAMI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 37,161 shares of the company’s stock, valued at approximately $1,310,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC bought a new position in shares of Acadian Asset Management in the 2nd quarter worth approximately $73,690,000. William Blair Investment Management LLC bought a new position in Acadian Asset Management in the second quarter worth $25,094,000. Bank of New York Mellon Corp bought a new position in Acadian Asset Management in the second quarter worth $7,937,000. Allspring Global Investments Holdings LLC purchased a new position in Acadian Asset Management during the second quarter valued at $7,512,000. Finally, Kestrel Investment Management Corp bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $2,304,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Down 4.5%

Shares of NYSE AAMI opened at $41.90 on Tuesday. Acadian Asset Management Inc. has a twelve month low of $22.60 and a twelve month high of $54.99. The firm has a market cap of $1.50 billion, a P/E ratio of 17.68 and a beta of 1.42. The company has a 50 day moving average of $46.72 and a 200 day moving average of $40.80.

Acadian Asset Management (NYSE:AAMI) last issued its earnings results on Thursday, October 30th. The company reported $0.76 EPS for the quarter, beating 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, equities analysts expect that Acadian Asset Management Inc. will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

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

Wall Street Analyst Weigh In

AAMI has been the topic of a number of recent research reports. Evercore ISI set a $52.00 target price on shares of Acadian Asset Management in a research report on Thursday, November 6th. Zacks Research cut shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings upgraded shares of Acadian Asset Management from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, November 10th. Wall Street Zen cut Acadian Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of Acadian Asset Management in a research report on Monday, October 6th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.67.

Acadian Asset Management 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.