45,836 Shares in Acadian Asset Management Inc. $AAMI Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 45,836 shares of the company’s stock, valued at approximately $2,494,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lido Advisors LLC grew its stake in Acadian Asset Management by 3.5% in the 4th quarter. Lido Advisors LLC now owns 8,922 shares of the company’s stock valued at $427,000 after buying an additional 298 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Acadian Asset Management by 3.2% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 14,508 shares of the company’s stock worth $682,000 after buying an additional 450 shares in the last quarter. Polymer Capital Management US LLC boosted its position in shares of Acadian Asset Management by 6.2% in the fourth quarter. Polymer Capital Management US LLC now owns 7,871 shares of the company’s stock valued at $370,000 after acquiring an additional 459 shares during the period. State of Wyoming boosted its position in shares of Acadian Asset Management by 5.8% in the fourth quarter. State of Wyoming now owns 9,274 shares of the company’s stock valued at $436,000 after acquiring an additional 511 shares during the period. Finally, Transamerica Financial Advisors LLC grew its stake in Acadian Asset Management by 380.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after acquiring an additional 635 shares in the last quarter. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Price Performance

Shares of AAMI opened at $71.62 on Wednesday. Acadian Asset Management Inc. has a 1 year low of $34.93 and a 1 year high of $85.73. The stock has a 50 day simple moving average of $71.99 and a two-hundred day simple moving average of $59.68. The firm has a market cap of $2.55 billion, a P/E ratio of 30.48 and a beta of 1.32.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.94 by $0.11. The firm had revenue of $165.00 million for the quarter. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. On average, equities analysts anticipate that Acadian Asset Management Inc. will post 5.11 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 12th. Acadian Asset Management’s dividend payout ratio (DPR) is 17.02%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

AAMI has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Zacks Research cut Acadian Asset Management from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Evercore set a $80.00 price target on Acadian Asset Management in a report on Monday, June 8th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $66.00 price target on shares of Acadian Asset Management in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.67.

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.