Federated Hermes Inc. Buys 52,298 Shares of Acadian Asset Management Inc. $AAMI

Federated Hermes Inc. grew its stake in Acadian Asset Management Inc. (NYSE:AAMI) by 18.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 342,621 shares of the company’s stock after buying an additional 52,298 shares during the quarter. Federated Hermes Inc.’s holdings in Acadian Asset Management were worth $16,501,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AAMI. Signaturefd LLC bought a new stake in Acadian Asset Management in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Acadian Asset Management in the 2nd quarter valued at about $31,000. GAMMA Investing LLC acquired a new stake in shares of Acadian Asset Management in the 2nd quarter valued at about $37,000. Public Employees Retirement System of Ohio bought a new stake in shares of Acadian Asset Management in the second quarter valued at about $44,000. Finally, CWM LLC bought a new stake in shares of Acadian Asset Management in the second quarter valued at about $55,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Up 0.7%

AAMI stock opened at $55.51 on Friday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 23.42 and a beta of 1.31. Acadian Asset Management Inc. has a twelve month low of $22.60 and a twelve month high of $56.29. The business has a 50 day moving average price of $49.45 and a two-hundred day moving average price of $47.05.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AAMI. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th. Morgan Stanley upped their price target on Acadian Asset Management from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Evercore ISI set a $52.00 price objective on shares of Acadian Asset Management in a report on Thursday, November 6th. Finally, Wall Street Zen lowered shares of Acadian Asset Management from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Acadian Asset Management currently has an average rating of “Hold” and an average price target of $47.67.

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.