State of Wyoming Invests $498,000 in Acadian Asset Management Inc. $AAMI

State of Wyoming purchased a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,966 shares of the company’s stock, valued at approximately $498,000.

Other hedge funds have also added to or reduced their stakes in the company. Lido Advisors LLC raised its holdings in Acadian Asset Management by 3.5% during the 4th quarter. Lido Advisors LLC now owns 8,922 shares of the company’s stock worth $427,000 after purchasing an additional 298 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Acadian Asset Management by 12.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the company’s stock valued at $164,000 after purchasing an additional 334 shares during the last quarter. ANB Bank boosted its stake in shares of Acadian Asset Management by 5.0% in the 1st quarter. ANB Bank now owns 8,588 shares of the company’s stock valued at $467,000 after purchasing an additional 410 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its position in shares of Acadian Asset Management by 3.2% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 14,508 shares of the company’s stock worth $682,000 after buying an additional 450 shares during the period. Finally, Polymer Capital Management US LLC raised its stake in shares of Acadian Asset Management by 6.2% during the fourth quarter. Polymer Capital Management US LLC now owns 7,871 shares of the company’s stock worth $370,000 after buying an additional 459 shares during the last quarter. Institutional investors own 98.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley set a $81.00 price objective on shares of Acadian Asset Management in a report on Wednesday, July 29th. Evercore set a $84.00 target price on shares of Acadian Asset Management in a report on Friday, July 10th. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Royal Bank Of Canada increased their price target on 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. Finally, Zacks Research upgraded Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Acadian Asset Management presently has an average rating of “Moderate Buy” and a consensus price target of $81.67.

Acadian Asset Management Price Performance

Shares of AAMI stock opened at $92.76 on Tuesday. The stock has a market cap of $3.29 billion, a PE ratio of 32.78 and a beta of 1.30. The stock has a 50-day moving average of $81.31 and a 200-day moving average of $67.72. Acadian Asset Management Inc. has a one year low of $41.47 and a one year high of $93.82.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.30. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. The business had revenue of $183.20 million for the quarter. As a group, research 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 $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%.

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.