Acadian Asset Management Inc. (NYSE:AAMI – Get Free Report) has received an average rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $86.33.
AAMI has been the subject of several research analyst reports. Zacks Research downgraded Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Morgan Stanley lifted their target price on shares of Acadian Asset Management from $81.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday. Wall Street Zen lowered shares of Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Evercore set a $84.00 price target on shares of Acadian Asset Management in a report on Friday, July 10th. Finally, Royal Bank Of Canada increased their price target on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st.
View Our Latest Stock Report on Acadian Asset Management
Institutional Trading of Acadian Asset Management
Acadian Asset Management Stock Performance
NYSE AAMI opened at $93.85 on Tuesday. The firm has a 50 day simple moving average of $90.40 and a 200-day simple moving average of $76.00. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 33.16 and a beta of 1.30. Acadian Asset Management has a one year low of $41.47 and a one year high of $98.52.
Acadian Asset Management (NYSE:AAMI – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%.The business had revenue of $183.20 million during the quarter. Equities analysts predict that Acadian Asset Management will post 5.07 EPS for the current fiscal year.
Acadian Asset Management Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, September 11th. Acadian Asset Management’s dividend payout ratio is 14.13%.
About Acadian Asset Management
Acadian Asset Management Inc is an investment management company that provides systematic, research-driven strategies to institutional and other professional investors. Through its investment management operations, the company uses quantitative models, fundamental research, and technology to analyze global markets and construct portfolios.
Acadian’s offerings include active strategies focused on global, international, emerging-market, and regional equities, as well as alternative and multi-asset solutions.
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