Paulson & CO. Inc. Buys Shares of 5,843,282 Acadian Asset Management Inc. $AAMI

Paulson & CO. Inc. purchased a new stake in Acadian Asset Management Inc. (NYSE:AAMI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,843,282 shares of the company’s stock, valued at approximately $417,912,000. Acadian Asset Management accounts for 16.2% of Paulson & CO. Inc.’s investment portfolio, making the stock its 3rd biggest position. Paulson & CO. Inc. owned about 16.46% of Acadian Asset Management at the end of the most recent reporting period.

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

Acadian Asset Management Price Performance

AAMI stock opened at $93.66 on Wednesday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 33.09 and a beta of 1.30. Acadian Asset Management Inc. has a fifty-two week low of $41.47 and a fifty-two week high of $94.11. The business has a 50-day moving average of $82.88 and a 200-day moving average of $69.31.

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

Acadian Asset Management Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AAMI shares. Royal Bank Of Canada lifted their price target on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Zacks Research upgraded Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Morgan Stanley set a $81.00 target price on Acadian Asset Management in a research note on Wednesday, July 29th. Evercore set a $84.00 price target on Acadian Asset Management in a report on Friday, July 10th. Finally, Wall Street Zen raised Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Acadian Asset Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

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.