Capstone Investment Advisors LLC Invests $799,000 in Acadian Asset Management Inc. $AAMI

Capstone Investment Advisors LLC acquired a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,165 shares of the company’s stock, valued at approximately $799,000.

Other institutional investors have also recently made changes to their positions in the company. Transamerica Financial Advisors LLC purchased a new position in Acadian Asset Management during the 2nd quarter worth $169,000. Corient Private Wealth LP purchased a new stake in Acadian Asset Management in the second quarter valued at about $223,000. Azora Capital LP purchased a new stake in Acadian Asset Management in the second quarter valued at about $35,474,000. Bank of America Corp DE acquired a new stake in Acadian Asset Management in the second quarter worth about $9,529,000. Finally, Paulson & CO. Inc. acquired a new stake in Acadian Asset Management in the second quarter worth about $417,912,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Acadian Asset Management Stock Performance

Acadian Asset Management stock opened at $95.75 on Friday. The business’s 50-day simple moving average is $83.99 and its two-hundred day simple moving average is $70.15. The company 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 fifty-two week low of $41.47 and a fifty-two week 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. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%.The business had revenue of $183.20 million for the quarter. As a group, analysts predict that Acadian Asset Management Inc. will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 11th. Acadian Asset Management’s dividend payout ratio is 14.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley set a $81.00 price target on Acadian Asset Management in a research note on Wednesday, July 29th. Zacks Research cut shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings upgraded shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Royal Bank Of Canada boosted their target price on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Acadian Asset Management presently has an average 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.