Morningstar Investment Management LLC Acquires Shares of 6,188 Acadian Asset Management Inc. $AAMI

Morningstar Investment Management LLC acquired a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 6,188 shares of the company’s stock, valued at approximately $337,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC raised its holdings in shares of Acadian Asset Management by 5.9% in the 1st quarter. Jennison Associates LLC now owns 2,022,207 shares of the company’s stock worth $110,049,000 after acquiring an additional 112,985 shares during the last quarter. State Street Corp boosted its stake in Acadian Asset Management by 0.5% during the 4th quarter. State Street Corp now owns 1,206,244 shares of the company’s stock valued at $56,693,000 after purchasing an additional 5,541 shares during the last quarter. Impax Asset Management Group plc boosted its stake in Acadian Asset Management by 10.4% during the 4th quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock valued at $39,736,000 after purchasing an additional 79,967 shares during the last quarter. Soros Fund Management LLC increased its holdings in Acadian Asset Management by 61.3% during the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock worth $34,656,000 after purchasing an additional 280,239 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Acadian Asset Management by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 685,272 shares of the company’s stock worth $32,212,000 after purchasing an additional 29,082 shares in the last quarter. 98.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AAMI has been the topic of a number of recent research reports. Royal Bank Of Canada raised their target price on Acadian Asset Management from $66.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday, July 2nd. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Evercore set a $84.00 price target on Acadian Asset Management in a research report on Friday, July 10th. Morgan Stanley increased their price objective on shares of Acadian Asset Management from $60.00 to $78.00 and gave the company an “equal weight” rating in a research note on Friday, June 26th. Finally, Zacks Research upgraded Acadian Asset Management from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Acadian Asset Management has an average rating of “Hold” and a consensus price target of $78.00.

Acadian Asset Management Price Performance

NYSE:AAMI opened at $80.81 on Monday. The stock’s fifty day moving average price is $76.11 and its two-hundred day moving average price is $63.69. The company has a market cap of $2.88 billion, a P/E ratio of 34.39 and a beta of 1.32. Acadian Asset Management Inc. has a 1 year low of $39.20 and a 1 year high of $85.73.

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

Insiders Place Their Bets

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

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.