4,486,535 Shares in Acadian Asset Management Inc. $AAMI Purchased by BlackRock Inc.

BlackRock Inc. purchased a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the second quarter, Holdings Channel reports. The firm purchased 4,486,535 shares of the company’s stock, valued at approximately $320,877,000. BlackRock Inc. owned 0.13% of Acadian Asset Management as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AAMI. Lido Advisors LLC increased its position in shares of Acadian Asset Management by 3.5% in the fourth 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. PNC Financial Services Group Inc. lifted its position in shares of Acadian Asset Management by 12.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the company’s stock valued at $164,000 after buying an additional 334 shares in the last quarter. ANB Bank lifted its position in shares of Acadian Asset Management by 5.0% during the 1st quarter. ANB Bank now owns 8,588 shares of the company’s stock valued at $467,000 after buying an additional 410 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its stake in Acadian Asset Management by 3.2% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 14,508 shares of the company’s stock valued at $682,000 after acquiring an additional 450 shares during the period. Finally, Polymer Capital Management US LLC grew its stake in Acadian Asset Management by 6.2% in the 4th 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. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Up 2.6%

Acadian Asset Management stock opened at $95.87 on Thursday. Acadian Asset Management Inc. has a 52-week low of $41.47 and a 52-week high of $96.00. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 33.88 and a beta of 1.30. The company has a fifty day simple moving average of $83.14 and a 200-day simple moving average of $69.64.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.30. The firm had revenue of $183.20 million for the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. On average, research analysts anticipate that Acadian Asset Management Inc. will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AAMI shares. Morgan Stanley set a $81.00 price objective on shares of Acadian Asset Management in a research report on Wednesday, July 29th. Royal Bank Of Canada lifted their target price on shares of Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Evercore set a $84.00 price target on shares of Acadian Asset Management in a research note on Friday, July 10th. Finally, Zacks Research upgraded Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Acadian Asset Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

About Acadian Asset Management

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.