Legal & General Group Plc Invests $4.86 Million in Acadian Asset Management Inc. $AAMI

Legal & General Group Plc bought a new stake in Acadian Asset Management Inc. (NYSE:AAMI) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 68,012 shares of the company’s stock, valued at approximately $4,864,000.

Several other institutional investors and hedge funds have also bought and sold shares of AAMI. Strs Ohio purchased a new stake in shares of Acadian Asset Management during the fourth quarter valued at approximately $738,000. Walleye Capital LLC purchased a new position in shares of Acadian Asset Management in the second quarter worth $5,906,000. Boston Trust Walden Corp purchased a new position in shares of Acadian Asset Management in the first quarter worth $15,325,000. Principal Financial Group Inc. raised its holdings in Acadian Asset Management by 13.9% during the 1st quarter. Principal Financial Group Inc. now owns 204,527 shares of the company’s stock valued at $11,130,000 after buying an additional 24,885 shares during the last quarter. Finally, Summit Global Investments bought a new stake in Acadian Asset Management during the 2nd quarter valued at $1,209,000. 98.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AAMI shares. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Royal Bank Of Canada upped 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. Weiss Ratings raised Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Evercore set a $84.00 price target on Acadian Asset Management in a report on Friday, July 10th. Finally, Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Acadian Asset Management currently has an average rating of “Hold” and a consensus price target of $81.67.

Acadian Asset Management Price Performance

Shares of AAMI opened at $92.16 on Friday. Acadian Asset Management Inc. has a one year low of $41.47 and a one year high of $98.52. The company has a 50-day simple moving average of $85.59 and a two-hundred day simple moving average of $71.40. The firm has a market capitalization of $3.27 billion, a PE ratio of 32.57 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, topping 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 firm had revenue of $183.20 million for the quarter. Analysts expect that Acadian Asset Management Inc. will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

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

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.