University of Texas Texas AM Investment Management Co. Acquires New Holdings in Acadian Asset Management Inc. $AAMI

University of Texas Texas AM Investment Management Co. bought a new stake in Acadian Asset Management Inc. (NYSE:AAMI) during the third quarter, Holdings Channel.com reports. The firm bought 7,178 shares of the company’s stock, valued at approximately $658,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Paulson & CO. Inc. bought a new stake in shares of Acadian Asset Management during the second quarter worth $417,912,000. BlackRock Inc. bought a new position in shares of Acadian Asset Management in the 2nd quarter valued at $320,877,000. Jennison Associates LLC lifted its stake 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 acquiring an additional 112,985 shares during the last quarter. Azora Capital LP bought a new position in shares of Acadian Asset Management in the 2nd quarter valued at $35,474,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Acadian Asset Management by 13.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 419,239 shares of the company’s stock valued at $23,561,000 after acquiring an additional 51,075 shares in the last quarter. Institutional investors own 98.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AAMI. Royal Bank Of Canada boosted their price objective on Acadian Asset Management from $85.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Friday, October 30th. Zacks Research downgraded Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Morgan Stanley upgraded Acadian Asset Management from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $97.00 to $110.00 in a research report on Thursday. Weiss Ratings raised Acadian Asset Management from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen cut Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a report on Sunday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Acadian Asset Management Stock Performance

Shares of NYSE AAMI opened at $90.66 on Monday. Acadian Asset Management Inc. has a 52-week low of $41.47 and a 52-week high of $98.52. The firm has a 50 day moving average price of $92.17 and a two-hundred day moving average price of $74.59. The stock has a market cap of $3.22 billion, a P/E ratio of 26.59 and a beta of 1.29.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.14. The firm had revenue of $189.10 million during the quarter. Acadian Asset Management had a net margin of 17.02% and a return on equity of 139.70%. Analysts predict that Acadian Asset Management Inc. will post 5.73 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Friday, December 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, December 11th. Acadian Asset Management’s dividend payout ratio (DPR) is currently 11.73%.

About Acadian Asset Management

Acadian Asset Management is a global investment manager specializing in systematic, data-driven investment strategies. Founded in 1986, the firm applies quantitative research and technology to analyze markets and build portfolios.

The firm offers investment strategies across global, international and emerging-markets equities, as well as multi-asset and alternative investments. Its offerings include long-only and long-short approaches and customized portfolio solutions for institutional investors and other clients.

Based in Boston, Acadian serves clients around the world, including through offices in several major financial centers.