Acadian Asset Management Inc. (NYSE:AAMI) Receives $81.67 Consensus Price Target from Brokerages

Acadian Asset Management Inc. (NYSE:AAMIGet Free Report) has earned a consensus rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $81.6667.

A number of brokerages recently commented on AAMI. Wall Street Zen raised Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Morgan Stanley set a $81.00 price target on shares of Acadian Asset Management in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Zacks Research cut shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Evercore set a $84.00 price target on Acadian Asset Management in a research report on Friday, July 10th.

Check Out Our Latest Report on AAMI

Acadian Asset Management Trading Up 2.4%

NYSE AAMI opened at $92.16 on Friday. Acadian Asset Management has a 12 month low of $41.47 and a 12 month high of $98.52. The stock has a market cap of $3.27 billion, a PE ratio of 32.57 and a beta of 1.30. The stock’s 50 day moving average is $85.59 and its 200 day moving average is $71.40.

Acadian Asset Management (NYSE:AAMIGet 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 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 firm had revenue of $183.20 million for the quarter. On average, analysts forecast that Acadian Asset Management will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.10 dividend. The ex-dividend date 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 currently 14.13%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new position in shares of Acadian Asset Management in the 4th quarter worth $738,000. Walleye Capital LLC purchased a new stake in shares of Acadian Asset Management during the second quarter valued at about $5,906,000. Boston Trust Walden Corp bought a new stake in shares of Acadian Asset Management in the 1st quarter valued at about $15,325,000. Principal Financial Group Inc. grew its position in shares of Acadian Asset Management by 13.9% in the 1st quarter. Principal Financial Group Inc. now owns 204,527 shares of the company’s stock worth $11,130,000 after buying an additional 24,885 shares during the last quarter. Finally, Summit Global Investments purchased a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $1,209,000. Institutional investors own 98.69% of the company’s stock.

About Acadian Asset Management

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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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Analyst Recommendations for Acadian Asset Management (NYSE:AAMI)

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