Thornburg Investment Management Inc. Grows Stock Holdings in Acadian Asset Management Inc. $AAMI

Thornburg Investment Management Inc. grew its position in Acadian Asset Management Inc. (NYSE:AAMI) by 100.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 55,757 shares of the company’s stock after acquiring an additional 27,971 shares during the period. Thornburg Investment Management Inc.’s holdings in Acadian Asset Management were worth $3,988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Paulson & CO. Inc. purchased a new position in Acadian Asset Management during the 2nd quarter valued at about $417,912,000. BlackRock Inc. acquired a new position in shares of Acadian Asset Management in the second quarter valued at approximately $320,877,000. Jennison Associates LLC increased its position in shares of Acadian Asset Management by 5.9% during the first quarter. Jennison Associates LLC now owns 2,022,207 shares of the company’s stock worth $110,049,000 after acquiring an additional 112,985 shares during the period. State Street Corp increased its holdings in Acadian Asset Management by 0.5% during the 4th quarter. State Street Corp now owns 1,206,244 shares of the company’s stock worth $56,693,000 after purchasing an additional 5,541 shares during the period. Finally, Soros Fund Management LLC increased its stake in shares of 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 buying an additional 280,239 shares during the period. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank Of Canada raised 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. Zacks Research downgraded shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Morgan Stanley set a $81.00 price objective on Acadian Asset Management in a research note on Wednesday, July 29th. 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. Finally, Weiss Ratings raised Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Acadian Asset Management currently has an average rating of “Hold” and a consensus price target of $81.67.

Acadian Asset Management Trading Down 1.6%

NYSE:AAMI opened at $95.75 on Friday. The company has a market capitalization of $3.40 billion, a P/E ratio of 33.83 and a beta of 1.30. The firm has a 50-day moving average price of $83.99 and a two-hundred day moving average price of $70.15. Acadian Asset Management Inc. has a twelve month low of $41.47 and a twelve month high of $98.52.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.30. The company had revenue of $183.20 million for 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 predict that Acadian Asset Management Inc. will post 5.07 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, September 11th. Acadian Asset Management’s dividend payout ratio is 14.13%.

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.