7,971 Shares in Acadian Asset Management Inc. $AAMI Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. purchased a new position in Acadian Asset Management Inc. (NYSE:AAMI) during the 2nd quarter, HoldingsChannel reports. The firm purchased 7,971 shares of the company’s stock, valued at approximately $570,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of AAMI. JPMorgan Chase & Co. bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at about $6,964,000. American Century Companies Inc. acquired a new position in shares of Acadian Asset Management in the 2nd quarter worth approximately $1,773,000. Russell Investments Group Ltd. bought a new stake in shares of Acadian Asset Management in the 2nd quarter worth approximately $97,000. New York State Common Retirement Fund bought a new stake in shares of Acadian Asset Management in the 2nd quarter worth approximately $299,000. Finally, Quantbot Technologies LP acquired a new stake in Acadian Asset Management during the second quarter valued at approximately $436,000. 98.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAMI has been the subject of a number of research reports. Morgan Stanley set a $81.00 target price on shares of Acadian Asset Management in a report on Wednesday, July 29th. Royal Bank Of Canada upped their price target on Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Zacks Research lowered Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Weiss Ratings upgraded Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $81.67.

Acadian Asset Management Price Performance

Shares of AAMI opened at $95.75 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 moving average of $83.99 and a two-hundred day moving average of $70.15. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 33.83 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI) last released its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.30. The business had revenue of $183.20 million for the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. Analysts anticipate that Acadian Asset Management Inc. will post 5.07 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.10 per share. 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 payout ratio is 14.13%.

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.