Jupiter Topco LLC Purchases New Shares in Acadian Asset Management Inc. $AAMI

Jupiter Topco LLC purchased a new position in Acadian Asset Management Inc. (NYSE:AAMI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 151,546 shares of the company’s stock, valued at approximately $10,840,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP bought a new position in Acadian Asset Management during the second quarter valued at $49,000. Transamerica Financial Advisors LLC lifted its holdings in shares of Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after acquiring an additional 635 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Acadian Asset Management in the 2nd quarter worth about $31,000. Quantbot Technologies LP purchased a new position in shares of Acadian Asset Management during the 2nd quarter worth about $67,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Acadian Asset Management during the 2nd quarter worth about $61,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

Acadian Asset Management Trading Down 1.6%

NYSE AAMI opened at $95.75 on Friday. The company’s 50-day moving average price is $83.99 and its 200-day moving average price is $70.15. The stock has a market cap of $3.40 billion, a PE ratio of 33.83 and a beta of 1.30. Acadian Asset Management Inc. has a 12 month low of $41.47 and a 12 month high of $98.52.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.30. The company had revenue of $183.20 million during the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. As a group, sell-side analysts forecast that Acadian Asset Management Inc. will post 5.07 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Acadian Asset Management’s dividend payout ratio (DPR) is 14.13%.

Analysts Set New Price Targets

A number of analysts recently weighed in on AAMI shares. Weiss Ratings raised shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Evercore set a $84.00 target price on Acadian Asset Management in a research note on Friday, July 10th. Zacks Research downgraded Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Royal Bank Of Canada raised their price target on Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $81.67.

Acadian Asset Management Company 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.