Swiss National Bank Makes New Investment in Acadian Asset Management Inc. $AAMI

Swiss National Bank purchased a new position in Acadian Asset Management Inc. (NYSE:AAMI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,126 shares of the company’s stock, valued at approximately $1,872,000.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Acadian Asset Management in the second quarter valued at $1,882,000. GAMMA Investing LLC acquired a new stake in Acadian Asset Management in the 2nd quarter valued at about $37,000. Public Employees Retirement System of Ohio acquired a new stake in Acadian Asset Management in the 2nd quarter valued at about $44,000. State of Alaska Department of Revenue purchased a new position in shares of Acadian Asset Management in the 2nd quarter valued at about $562,000. Finally, Kendall Capital Management acquired a new position in shares of Acadian Asset Management during the second quarter worth about $357,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on AAMI shares. Morgan Stanley reaffirmed a “positive” rating on shares of Acadian Asset Management in a report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, November 24th. Evercore ISI set a $52.00 target price on shares of Acadian Asset Management in a research note on Thursday, November 6th. Wall Street Zen lowered Acadian Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research downgraded Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Acadian Asset Management presently has a consensus rating of “Hold” and a consensus price target of $45.67.

Acadian Asset Management Trading Up 0.6%

Shares of Acadian Asset Management stock opened at $46.71 on Friday. The company has a fifty day simple moving average of $45.63 and a 200-day simple moving average of $42.17. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 19.71 and a beta of 1.32. Acadian Asset Management Inc. has a 12-month low of $22.60 and a 12-month high of $54.99.

Acadian Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Friday, December 12th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, December 12th. Acadian Asset Management’s dividend payout ratio is currently 1.69%.

Acadian Asset Management Company Profile

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.