World Equity Group Inc. Makes New $701,000 Investment in Acadian Asset Management Inc. $AAMI

World Equity Group Inc. purchased a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the second quarter, HoldingsChannel reports. The fund purchased 9,801 shares of the company’s stock, valued at approximately $701,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC increased its position in shares of Acadian Asset Management by 5.9% in the 1st quarter. Jennison Associates LLC now owns 2,022,207 shares of the company’s stock valued at $110,049,000 after buying an additional 112,985 shares in the last quarter. State Street Corp lifted its holdings in Acadian Asset Management by 0.5% during the fourth quarter. State Street Corp now owns 1,206,244 shares of the company’s stock worth $56,693,000 after acquiring an additional 5,541 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in Acadian Asset Management by 10.4% during the fourth quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock worth $39,736,000 after acquiring an additional 79,967 shares in the last quarter. Soros Fund Management LLC lifted its holdings in Acadian Asset Management by 61.3% during the fourth quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock worth $34,656,000 after acquiring an additional 280,239 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Acadian Asset Management by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 685,272 shares of the company’s stock valued at $32,212,000 after acquiring an additional 29,082 shares during the period. Institutional investors and hedge funds own 98.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AAMI. Wall Street Zen raised Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Acadian Asset Management in a research report on Friday. Royal Bank Of Canada increased their target price 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. Evercore set a $84.00 target price on Acadian Asset Management in a research note on Friday, July 10th. Finally, Zacks Research upgraded shares of Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Acadian Asset Management has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

Acadian Asset Management Trading Up 1.0%

Acadian Asset Management stock opened at $90.76 on Tuesday. Acadian Asset Management Inc. has a 1-year low of $41.47 and a 1-year high of $93.61. The company has a fifty day simple moving average of $79.50 and a 200 day simple moving average of $66.41. The company has a market cap of $3.22 billion, a P/E ratio of 32.07 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. The company had revenue of $183.20 million during the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. On average, equities research analysts forecast that Acadian Asset Management Inc. will post 5.07 EPS for the current year.

Acadian Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend 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 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.