HBK Investments L P Invests $715,000 in Acadian Asset Management Inc. $AAMI

HBK Investments L P bought a new stake in 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 bought 10,000 shares of the company’s stock, valued at approximately $715,000.

A number of other large investors also recently made changes to their positions in the company. Paulson & CO. Inc. acquired a new position in Acadian Asset Management in the 2nd quarter valued at $417,912,000. BlackRock Inc. acquired a new position in shares of Acadian Asset Management in the second quarter valued at about $320,877,000. Jennison Associates LLC grew its stake in shares of Acadian Asset Management by 5.9% in the first quarter. Jennison Associates LLC now owns 2,022,207 shares of the company’s stock valued at $110,049,000 after acquiring an additional 112,985 shares in the last quarter. Azora Capital LP bought a new position in Acadian Asset Management during the second quarter worth about $35,474,000. Finally, SG Americas Securities LLC increased its position in Acadian Asset Management by 67.9% during the first quarter. SG Americas Securities LLC now owns 603,683 shares of the company’s stock worth $32,852,000 after acquiring an additional 244,070 shares during the period. Institutional investors own 98.69% of the company’s stock.

Wall Street Analyst Weigh In

AAMI has been the subject of a number of recent research reports. Zacks Research downgraded shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Royal Bank Of Canada raised their target price on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Evercore set a $84.00 price target on shares of Acadian Asset Management in a research report on Friday, July 10th. Morgan Stanley set a $81.00 price target on Acadian Asset Management in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $81.67.

Acadian Asset Management Trading Up 2.1%

Acadian Asset Management stock traded up $1.84 during trading hours on Wednesday, reaching $89.32. 539,634 shares of the stock were exchanged, compared to its average volume of 382,929. Acadian Asset Management Inc. has a twelve month low of $41.47 and a twelve month high of $98.52. The company has a market cap of $3.17 billion, a P/E ratio of 31.56 and a beta of 1.30. The stock has a 50 day moving average of $88.40 and a two-hundred day moving average of $73.55.

Acadian Asset Management (NYSE:AAMI) last issued 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. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. The company had revenue of $183.20 million during the quarter. On average, analysts expect that Acadian Asset Management Inc. will post 5.07 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

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

About Acadian Asset Management

Acadian Asset Management Inc is an investment management company that provides systematic, research-driven strategies to institutional and other professional investors. Through its investment management operations, the company uses quantitative models, fundamental research, and technology to analyze global markets and construct portfolios.

Acadian’s offerings include active strategies focused on global, international, emerging-market, and regional equities, as well as alternative and multi-asset solutions.