Hsbc Holdings PLC Makes New Investment in Acadian Asset Management Inc. $AAMI

Hsbc Holdings PLC bought a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 30,261 shares of the company’s stock, valued at approximately $1,074,000. Hsbc Holdings PLC owned 0.08% of Acadian Asset Management at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Signaturefd LLC bought a new stake in Acadian Asset Management during the 2nd quarter valued at about $25,000. GAMMA Investing LLC purchased a new position in shares of Acadian Asset Management during the second quarter worth approximately $37,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $44,000. CWM LLC bought a new position in Acadian Asset Management in the second quarter worth approximately $55,000. Finally, Blue Trust Inc. purchased a new position in Acadian Asset Management during the 2nd quarter worth $57,000. 98.69% of the stock is currently owned by institutional investors.

Acadian Asset Management Stock Down 1.5%

Acadian Asset Management stock opened at $46.07 on Tuesday. The business’s 50-day moving average price is $45.57 and its 200 day moving average price is $42.38. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 19.44 and a beta of 1.32. Acadian Asset Management Inc. has a 52 week low of $22.60 and a 52 week high of $54.99.

Acadian Asset Management Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on AAMI. Morgan Stanley reiterated a “positive” rating on shares of Acadian Asset Management in a report on Monday, October 6th. Zacks Research lowered shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Wall Street Zen cut shares of Acadian Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, November 24th. Finally, Evercore ISI set a $52.00 price target on shares of Acadian Asset Management in a research report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Acadian Asset Management presently has an average rating of “Hold” and a consensus target price 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.