Deutsche Bank AG Purchases Shares of 29,706 Acadian Asset Management Inc. $AAMI

Deutsche Bank AG acquired a new position in Acadian Asset Management Inc. (NYSE:AAMI) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 29,706 shares of the company’s stock, valued at approximately $2,125,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AAMI. Jacobs Levy Equity Management Inc. acquired a new stake in Acadian Asset Management during the third quarter valued at approximately $20,059,000. Boston Trust Walden Corp bought a new position in shares of Acadian Asset Management in the first quarter valued at $15,325,000. Soros Fund Management LLC increased its holdings in shares of Acadian Asset Management by 61.3% in the fourth quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock valued at $34,656,000 after buying an additional 280,239 shares in the last quarter. Amundi acquired a new stake in shares of Acadian Asset Management during the 3rd quarter valued at $11,361,000. Finally, Invesco Ltd. bought a new stake in shares of Acadian Asset Management during the 2nd quarter worth $8,608,000. 98.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Evercore set a $84.00 price target on Acadian Asset Management in a research report on Friday, July 10th. Royal Bank Of Canada lifted their price target on Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Morgan Stanley set a $81.00 price objective on Acadian Asset Management in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Acadian Asset Management has an average rating of “Hold” and an average target price of $81.67.

Acadian Asset Management Stock Up 1.8%

NYSE AAMI opened at $97.33 on Friday. The stock has a market capitalization of $3.45 billion, a PE ratio of 34.39 and a beta of 1.30. Acadian Asset Management Inc. has a 12-month low of $41.47 and a 12-month high of $98.30. The company has a 50 day moving average price of $83.58 and a two-hundred day moving average price of $69.97.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.03 by $0.30. The company 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%. As a group, equities analysts anticipate 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. Shareholders of record on Friday, September 11th will be given 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 dividend payout ratio is presently 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.