151,546 Shares in Acadian Asset Management Inc. $AAMI Acquired by Jupiter Topco LLC

Jupiter Topco LLC purchased a new position in Acadian Asset Management Inc. (NYSE:AAMI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 151,546 shares of the company’s stock, valued at approximately $10,840,000. Jupiter Topco LLC owned 0.43% of Acadian Asset Management at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new stake in shares of Acadian Asset Management during the second quarter valued at approximately $31,000. Transamerica Financial Advisors LLC boosted its position in shares of Acadian Asset Management by 380.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after acquiring an additional 635 shares during the last quarter. Allworth Financial LP purchased a new position in Acadian Asset Management during the second quarter valued at $49,000. Raymond James Financial Inc. purchased a new position in Acadian Asset Management during the second quarter valued at $61,000. Finally, WealthCollab LLC bought a new stake in Acadian Asset Management in the 2nd quarter valued at $65,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

Acadian Asset Management Stock Down 1.6%

AAMI stock opened at $95.75 on Friday. Acadian Asset Management Inc. has a 52 week low of $41.47 and a 52 week high of $98.52. The company has a fifty day simple moving average of $83.99 and a two-hundred day simple moving average of $70.15. The firm has a market capitalization of $3.40 billion, a P/E ratio of 33.83 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI) last issued 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 business 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%. As a group, analysts anticipate 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 $0.10 dividend. 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 (DPR) is currently 14.13%.

Wall Street Analyst Weigh In

Several analysts have commented on AAMI shares. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Morgan Stanley set a $81.00 target price on Acadian Asset Management in a report on Wednesday, July 29th. Evercore set a $84.00 target price on Acadian Asset Management in a research report on Friday, July 10th. Royal Bank Of Canada increased their price target on Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.