Acadian Asset Management Inc. $AAMI Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in Acadian Asset Management Inc. (NYSE:AAMI) by 13.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 204,527 shares of the company’s stock after purchasing an additional 24,885 shares during the quarter. Principal Financial Group Inc.’s holdings in Acadian Asset Management were worth $11,130,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC raised its position in Acadian Asset Management by 1,414.9% during the 4th quarter. SG Americas Securities LLC now owns 359,613 shares of the company’s stock worth $16,902,000 after buying an additional 335,874 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of Acadian Asset Management by 42.6% in the third quarter. Tudor Investment Corp ET AL now owns 225,579 shares of the company’s stock valued at $10,864,000 after acquiring an additional 67,385 shares in the last quarter. Strs Ohio acquired a new position in shares of Acadian Asset Management during the fourth quarter worth about $738,000. Impax Asset Management Group plc increased its stake in shares of Acadian Asset Management by 10.4% during the fourth quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock worth $39,736,000 after acquiring an additional 79,967 shares during the period. Finally, Boston Trust Walden Corp acquired a new position in shares of Acadian Asset Management during the first quarter worth about $15,325,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on AAMI shares. Morgan Stanley raised their price objective on shares of Acadian Asset Management from $60.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. Royal Bank Of Canada boosted their target price on Acadian Asset Management from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 2nd. Evercore set a $84.00 target price on Acadian Asset Management in a research note on Friday, July 10th. Zacks Research raised Acadian Asset Management from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Weiss Ratings downgraded Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $78.00.

Insiders Place Their Bets

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 completion of the transaction, the chief accounting officer owned 73,863 shares in the company, valued at $4,946,605.11. This trade represents a 57.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 22.60% of the company’s stock.

Acadian Asset Management Price Performance

AAMI opened at $80.81 on Friday. The stock has a market cap of $2.88 billion, a P/E ratio of 34.39 and a beta of 1.32. The stock’s 50 day simple moving average is $76.11 and its 200 day simple moving average is $63.59. Acadian Asset Management Inc. has a 1-year low of $39.20 and a 1-year high of $85.73.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings data 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. The firm had revenue of $165.00 million during the quarter. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%. Research analysts expect that Acadian Asset Management Inc. will post 5.11 EPS for the current fiscal year.

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.