Louisiana State Employees Retirement System Makes New $637,000 Investment in Acadian Asset Management Inc. $AAMI

Louisiana State Employees Retirement System purchased a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,700 shares of the company’s stock, valued at approximately $637,000.

Other hedge funds have also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. bought a new position in shares of Acadian Asset Management during the 3rd quarter valued at $20,059,000. SG Americas Securities LLC boosted its position in Acadian Asset Management by 1,414.9% during the fourth quarter. SG Americas Securities LLC now owns 359,613 shares of the company’s stock valued at $16,902,000 after buying an additional 335,874 shares during the period. Soros Fund Management LLC grew its stake in shares of Acadian Asset Management by 61.3% during the fourth quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock valued at $34,656,000 after buying an additional 280,239 shares during the last quarter. Amundi purchased a new position in shares of Acadian Asset Management in the third quarter worth about $11,361,000. Finally, Invesco Ltd. bought a new stake in shares of Acadian Asset Management in the 2nd quarter valued at about $8,608,000. 98.69% of the stock is currently owned by institutional investors.

Insider Transactions at Acadian Asset Management

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $66.97, for a total value of $6,697,000.00. Following the completion of the sale, the chief accounting officer directly owned 73,863 shares in the company, valued at $4,946,605.11. This trade represents a 57.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 22.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Zacks Research raised Acadian Asset Management from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings cut shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Evercore set a $80.00 price target on shares of Acadian Asset Management in a report on Monday, June 8th. Morgan Stanley increased their price target on shares of Acadian Asset Management from $60.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. Finally, Royal Bank Of Canada boosted their price objective on shares of Acadian Asset Management from $66.00 to $72.00 and gave the company a “sector perform” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $76.67.

Acadian Asset Management Stock Down 1.0%

NYSE:AAMI opened at $78.36 on Wednesday. The stock has a market cap of $2.79 billion, a P/E ratio of 33.34 and a beta of 1.32. The firm’s fifty day simple moving average is $72.80 and its 200 day simple moving average is $60.63. Acadian Asset Management Inc. has a twelve month low of $37.21 and a twelve month high of $85.73.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. The business had revenue of $165.00 million for the quarter. On average, analysts expect that Acadian Asset Management Inc. will post 5.11 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, June 12th. Acadian Asset Management’s dividend payout ratio is presently 17.02%.

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.