Shares of Acadian Asset Management Inc. (NYSE:AAMI – Get Free Report) have been assigned a consensus rating of “Hold” from the five research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $94.00.
A number of equities research analysts have issued reports on AAMI shares. Weiss Ratings upgraded Acadian Asset Management from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Evercore set a $102.00 price target on shares of Acadian Asset Management in a research report on Friday, October 9th. Wall Street Zen cut shares of Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a report on Monday, October 12th. Morgan Stanley increased their price objective on shares of Acadian Asset Management from $81.00 to $95.00 and gave the stock an “equal weight” rating in a report on Friday, September 25th. Finally, Royal Bank Of Canada lifted their price objective on shares of Acadian Asset Management from $80.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday, October 9th.
Get Our Latest Research Report on Acadian Asset Management
Acadian Asset Management Trading Down 0.3%
Shares of NYSE AAMI opened at $92.51 on Friday. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 32.69 and a beta of 1.31. Acadian Asset Management has a 12-month low of $41.47 and a 12-month high of $98.52. The stock’s 50 day simple moving average is $92.63 and its 200 day simple moving average is $81.25.
Acadian Asset Management (NYSE:AAMI – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.30. The business had revenue of $183.20 million during the quarter. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%. As a group, equities analysts forecast that Acadian Asset Management will post 5.51 earnings per share for the current fiscal year.
Acadian Asset Management Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a $0.10 dividend. The ex-dividend date was Friday, September 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Acadian Asset Management’s dividend payout ratio (DPR) is presently 14.13%.
Institutional Investors Weigh In On Acadian Asset Management
Hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in Acadian Asset Management during the 2nd quarter valued at $38,000. Integrated Wealth Concepts LLC acquired a new position in Acadian Asset Management during the 2nd quarter worth $40,000. Allworth Financial LP acquired a new position in Acadian Asset Management during the 2nd quarter worth $49,000. Quantbot Technologies LP bought a new position in shares of Acadian Asset Management in the second quarter worth $67,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Acadian Asset Management by 17.4% in the third quarter. Farther Finance Advisors LLC now owns 754 shares of the company’s stock worth $69,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 98.69% of the company’s stock.
Acadian Asset Management Company Profile
Acadian Asset Management Inc (NYSE:AAMI) is a global investment management firm specializing in systematic, research-driven investment strategies. The company uses quantitative analysis, data science and technology to evaluate investment opportunities and manage portfolios across global markets.
Its offerings include strategies in global and international equities, emerging markets, fixed income, multi-asset investing and alternative investments. Acadian also provides customized portfolio solutions and related investment management services for institutional clients, including pension plans, endowments, foundations, insurers, sovereign investors and wealth management organizations.
Founded in 1986, Acadian is headquartered in Boston and serves clients internationally through offices and operations in major financial centers, including London, Singapore and Sydney.
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