Acadian Asset Management Inc. (NYSE:AAMI – Get Free Report)’s share price gapped up before the market opened on Friday after Morgan Stanley raised their price target on the stock from $60.00 to $78.00. The stock had previously closed at $69.77, but opened at $71.79. Morgan Stanley currently has an equal weight rating on the stock. Acadian Asset Management shares last traded at $72.42, with a volume of 89,026 shares.
Several other analysts have also issued reports on AAMI. Zacks Research lowered shares of Acadian Asset Management from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. Weiss Ratings lowered shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $66.00 target price on shares of Acadian Asset Management in a report on Wednesday, May 20th. Evercore set a $80.00 target price on shares of Acadian Asset Management in a research note on Monday, June 8th. Finally, Wall Street Zen raised Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $74.67.
Check Out Our Latest Analysis on AAMI
Insider Activity
Institutional Investors Weigh In On Acadian Asset Management
Hedge funds have recently bought and sold shares of the stock. Lido Advisors LLC grew its position in shares of Acadian Asset Management by 3.5% in the fourth quarter. Lido Advisors LLC now owns 8,922 shares of the company’s stock valued at $427,000 after purchasing an additional 298 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Acadian Asset Management by 12.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the company’s stock worth $164,000 after purchasing an additional 334 shares during the last quarter. ANB Bank lifted its holdings in Acadian Asset Management by 5.0% during the 1st quarter. ANB Bank now owns 8,588 shares of the company’s stock worth $467,000 after purchasing an additional 410 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its stake in Acadian Asset Management by 3.2% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 14,508 shares of the company’s stock valued at $682,000 after purchasing an additional 450 shares during the period. Finally, Polymer Capital Management US LLC grew its holdings in Acadian Asset Management by 6.2% in the 4th quarter. Polymer Capital Management US LLC now owns 7,871 shares of the company’s stock valued at $370,000 after buying an additional 459 shares in the last quarter. 98.69% of the stock is currently owned by institutional investors and hedge funds.
Acadian Asset Management Stock Performance
The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 30.82 and a beta of 1.32. The business has a fifty day simple moving average of $71.69 and a 200 day simple moving average of $59.15.
Acadian Asset Management (NYSE:AAMI – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%.The company had revenue of $165.00 million during the quarter. On average, sell-side analysts forecast that Acadian Asset Management Inc. will post 4.84 earnings per share for the current fiscal year.
Acadian Asset Management Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, June 12th. Acadian Asset Management’s dividend payout ratio is presently 17.02%.
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.
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