SG Americas Securities LLC Raises Stake in Acadian Asset Management Inc. $AAMI

SG Americas Securities LLC increased its holdings in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 67.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603,683 shares of the company’s stock after acquiring an additional 244,070 shares during the period. SG Americas Securities LLC’s holdings in Acadian Asset Management were worth $32,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Jennison Associates LLC increased its stake in shares of Acadian Asset Management by 10.4% during the fourth quarter. Jennison Associates LLC now owns 1,909,222 shares of the company’s stock valued at $89,733,000 after purchasing an additional 179,380 shares in the last quarter. State Street Corp lifted its holdings in shares of Acadian Asset Management by 0.5% during the fourth quarter. State Street Corp now owns 1,206,244 shares of the company’s stock valued at $56,693,000 after purchasing an additional 5,541 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of Acadian Asset Management by 10.4% in the 4th quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock worth $39,736,000 after purchasing an additional 79,967 shares in the last quarter. Soros Fund Management LLC boosted its position in shares of Acadian Asset Management by 61.3% in the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock worth $34,656,000 after purchasing an additional 280,239 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Acadian Asset Management by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 685,272 shares of the company’s stock worth $32,212,000 after buying an additional 29,082 shares during the last quarter. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Insider Activity

In other news, CAO Richard Jonathan Hart sold 100,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $66.97, for a total value of $6,697,000.00. Following the transaction, the chief accounting officer directly owned 73,863 shares in the company, valued at $4,946,605.11. This trade represents a 57.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 22.60% of the stock is currently owned by company insiders.

Acadian Asset Management Stock Down 1.2%

AAMI opened at $72.99 on Wednesday. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 31.06 and a beta of 1.32. The firm has a 50 day moving average price of $71.46 and a 200-day moving average price of $58.82. Acadian Asset Management Inc. has a twelve month low of $32.66 and a twelve month high of $85.73.

Acadian Asset Management (NYSE:AAMI) last issued its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.11. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. The company had revenue of $165.00 million for the quarter. As a group, analysts expect that Acadian Asset Management Inc. will post 4.84 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, June 12th. Acadian Asset Management’s dividend payout ratio is presently 17.02%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $66.00 price objective on shares of Acadian Asset Management in a research report on Wednesday, May 20th. Morgan Stanley increased their target price on Acadian Asset Management from $54.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Weiss Ratings downgraded Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Evercore set a $80.00 price target on Acadian Asset Management in a research report on Monday, June 8th. Finally, Wall Street Zen upgraded shares of 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 Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $68.67.

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.