VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.27 Million in Acadian Asset Management Inc. $AAMI

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Acadian Asset Management Inc. (NYSE:AAMI) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 17,700 shares of the company’s stock, valued at approximately $1,266,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lido Advisors LLC raised its holdings in Acadian Asset Management by 3.5% during the fourth quarter. Lido Advisors LLC now owns 8,922 shares of the company’s stock worth $427,000 after purchasing an additional 298 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Acadian Asset Management by 12.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the company’s stock worth $164,000 after purchasing an additional 334 shares during the last quarter. ANB Bank increased its position in shares of Acadian Asset Management by 5.0% during the first quarter. ANB Bank now owns 8,588 shares of the company’s stock worth $467,000 after purchasing an additional 410 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its position in shares of Acadian Asset Management by 3.2% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 14,508 shares of the company’s stock worth $682,000 after purchasing an additional 450 shares in the last quarter. Finally, Polymer Capital Management US LLC lifted its stake in 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 buying an additional 459 shares during the last quarter. 98.69% of the stock is owned by institutional investors and hedge funds.

Acadian Asset Management Price Performance

NYSE:AAMI opened at $91.11 on Friday. The firm has a market cap of $3.23 billion, a PE ratio of 32.20 and a beta of 1.30. The firm has a 50 day simple moving average of $88.02 and a 200-day simple moving average of $72.94. Acadian Asset Management Inc. has a 1-year low of $41.47 and a 1-year high of $98.52.

Acadian Asset Management (NYSE:AAMI) last announced its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. The firm had revenue of $183.20 million for the quarter. As a group, sell-side analysts expect that Acadian Asset Management Inc. will post 5.07 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, September 11th. Acadian Asset Management’s payout ratio is presently 14.13%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore set a $84.00 price target on Acadian Asset Management in a research report on Friday, July 10th. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Weiss Ratings raised shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Royal Bank Of Canada increased their price objective on shares of Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Finally, Morgan Stanley set a $81.00 price target on Acadian Asset Management in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $81.67.

Acadian Asset Management Company Profile

Acadian Asset Management Inc is an investment management company that provides systematic, research-driven strategies to institutional and other professional investors. Through its investment management operations, the company uses quantitative models, fundamental research, and technology to analyze global markets and construct portfolios.

Acadian’s offerings include active strategies focused on global, international, emerging-market, and regional equities, as well as alternative and multi-asset solutions.