Fulcrum Asset Management LLP Buys 96,406 Shares of Acadian Asset Management Inc. $AAMI

Fulcrum Asset Management LLP increased its stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 421.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 119,270 shares of the company’s stock after buying an additional 96,406 shares during the quarter. Acadian Asset Management makes up about 0.5% of Fulcrum Asset Management LLP’s portfolio, making the stock its 27th largest position. Fulcrum Asset Management LLP’s holdings in Acadian Asset Management were worth $11,030,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AAMI. Public Employees Retirement System of Ohio purchased a new position in Acadian Asset Management in the second quarter valued at about $38,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $40,000. Allworth Financial LP bought a new stake in shares of Acadian Asset Management in the 2nd quarter worth approximately $49,000. Farther Finance Advisors LLC raised its holdings in shares of Acadian Asset Management by 17.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 754 shares of the company’s stock worth $69,000 after purchasing an additional 112 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Acadian Asset Management in the 2nd quarter worth approximately $67,000. Institutional investors own 98.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AAMI. Weiss Ratings upgraded Acadian Asset Management from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Royal Bank Of Canada raised their target price 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. Wall Street Zen downgraded Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Morgan Stanley upgraded Acadian Asset Management from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $97.00 to $110.00 in a research note on Thursday. Finally, Evercore set a $102.00 price target on Acadian Asset Management in a research report on Friday, October 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.00.

Acadian Asset Management Stock Down 0.3%

Shares of NYSE:AAMI opened at $90.66 on Monday. The firm has a market capitalization of $3.22 billion, a PE ratio of 26.59 and a beta of 1.29. Acadian Asset Management Inc. has a twelve month low of $41.47 and a twelve month high of $98.52. The company has a 50-day moving average price of $92.17 and a two-hundred day moving average price of $74.59.

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

Acadian Asset Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Investors of record on Friday, December 11th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, December 11th. Acadian Asset Management’s payout ratio is currently 11.73%.

Acadian Asset Management Profile

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.