Jennison Associates LLC Grows Stock Holdings in Acadian Asset Management Inc. $AAMI

Jennison Associates LLC grew its holdings in Acadian Asset Management Inc. (NYSE:AAMI) by 10.4% during the fourth quarter, HoldingsChannel reports. The firm owned 1,909,222 shares of the company’s stock after acquiring an additional 179,380 shares during the period. Jennison Associates LLC owned about 0.05% of Acadian Asset Management worth $89,733,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of AAMI. Jacobs Levy Equity Management Inc. purchased a new position in Acadian Asset Management in the 3rd quarter worth approximately $20,059,000. GW&K Investment Management LLC purchased a new position in Acadian Asset Management in the 3rd quarter worth approximately $18,479,000. SG Americas Securities LLC lifted its stake in Acadian Asset Management by 1,414.9% in the 4th quarter. SG Americas Securities LLC now owns 359,613 shares of the company’s stock worth $16,902,000 after purchasing an additional 335,874 shares in the last quarter. Amundi purchased a new position in Acadian Asset Management in the 3rd quarter worth approximately $11,361,000. Finally, Invesco Ltd. purchased a new position in Acadian Asset Management in the 2nd quarter worth approximately $8,608,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Acadian Asset Management

In related news, Director Barbara Trebbi sold 9,691 shares of Acadian Asset Management stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total value of $496,373.02. Following the completion of the sale, the director owned 35,771 shares in the company, valued at approximately $1,832,190.62. This trade represents a 21.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Chersi sold 28,753 shares of Acadian Asset Management stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the completion of the sale, the director owned 37,384 shares of the company’s stock, valued at $1,917,799.20. This trade represents a 43.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 26.00% of the stock is currently owned by company insiders.

Acadian Asset Management Price Performance

Shares of NYSE AAMI opened at $67.43 on Friday. The company has a 50 day simple moving average of $57.36 and a 200-day simple moving average of $51.67. The company has a market capitalization of $2.41 billion, a P/E ratio of 30.51 and a beta of 1.26. Acadian Asset Management Inc. has a 1 year low of $26.92 and a 1 year high of $69.87.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. The business had revenue of $165.00 million during the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. As a group, research analysts expect that Acadian Asset Management Inc. will post 4.84 EPS for the current year.

Acadian Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, June 12th. Acadian Asset Management’s dividend payout ratio (DPR) is 18.10%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AAMI. Evercore set a $60.00 price target on shares of Acadian Asset Management in a report on Friday, April 10th. Royal Bank Of Canada restated a “sector perform” rating and set a $60.00 price target on shares of Acadian Asset Management in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Acadian Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Morgan Stanley raised their price target on shares of Acadian Asset Management from $54.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.00.

Acadian Asset Management 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.