Acadian Asset Management Inc. (NYSE:AAMI – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $94.11 and last traded at $93.9650, with a volume of 166665 shares traded. The stock had previously closed at $91.90.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Morgan Stanley set a $81.00 price objective on shares of Acadian Asset Management in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Zacks Research cut shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank Of Canada lifted their target price on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Acadian Asset Management currently has a consensus rating of “Hold” and an average target price of $81.67.
Read Our Latest Research Report on Acadian Asset Management
Acadian Asset Management Stock Up 1.4%
Acadian Asset Management (NYSE:AAMI – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.30. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. The business had revenue of $183.20 million for the quarter. On average, analysts predict that Acadian Asset Management Inc. will post 5.07 EPS 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. Investors of record on Friday, September 11th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 11th. This represents a $0.40 annualized dividend and a yield of 0.4%. Acadian Asset Management’s payout ratio is 14.13%.
Institutional Trading of Acadian Asset Management
Several hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new position in shares of Acadian Asset Management in the second quarter worth about $38,000. Allworth Financial LP bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at approximately $49,000. Transamerica Financial Advisors LLC grew its stake in shares of Acadian Asset Management by 380.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after acquiring an additional 635 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in Acadian Asset Management in the 2nd quarter worth approximately $31,000. Finally, Quantbot Technologies LP purchased a new stake in Acadian Asset Management in the 2nd quarter worth approximately $67,000. Institutional investors own 98.69% of the company’s stock.
Acadian Asset Management Company Profile
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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