Shares of Acadian Asset Management Inc. (NYSE:AAMI – Get Free Report) have been given an average recommendation of “Moderate Buy” by the five brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $81.6667.
AAMI has been the topic of several research reports. Royal Bank Of Canada raised their price objective on Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Evercore set a $84.00 target price on Acadian Asset Management in a report on Friday, July 10th. Zacks Research raised Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Morgan Stanley set a $81.00 price target on Acadian Asset Management in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th.
Get Our Latest Research Report on Acadian Asset Management
Institutional Investors Weigh In On Acadian Asset Management
Acadian Asset Management Price Performance
Acadian Asset Management stock opened at $89.85 on Monday. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 31.75 and a beta of 1.30. Acadian Asset Management has a 1 year low of $41.47 and a 1 year high of $93.61. The firm has a 50-day moving average of $79.14 and a two-hundred day moving average of $66.15.
Acadian Asset Management (NYSE:AAMI – Get Free Report) last issued its earnings results 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 for the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. Research analysts expect that Acadian Asset Management will post 5.07 earnings per share for the current year.
Acadian Asset Management Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Acadian Asset Management’s dividend payout ratio (DPR) 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.
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