Acadian Asset Management Inc. (NYSE:AAMI) Receives Average Recommendation of “Hold” from Brokerages

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have been given an average rating of “Hold” by the five ratings firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $81.6667.

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Evercore set a $84.00 price target on Acadian Asset Management in a report on Friday, July 10th. Royal Bank Of Canada upped their price target on 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. Finally, Zacks Research downgraded Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday.

Hedge Funds Weigh In On Acadian Asset Management

Several large investors have recently added to or reduced their stakes in AAMI. Paulson & CO. Inc. bought a new position in shares of Acadian Asset Management in the second quarter worth approximately $417,912,000. BlackRock Inc. bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $320,877,000. California State Teachers Retirement System lifted its stake in shares of Acadian Asset Management by 9,010.0% during the 2nd quarter. California State Teachers Retirement System now owns 2,466,081 shares of the company’s stock valued at $176,374,000 after buying an additional 2,439,011 shares in the last quarter. Azora Capital LP purchased a new position in shares of Acadian Asset Management during the 2nd quarter valued at $35,474,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Acadian Asset Management in the 3rd quarter worth $20,059,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Trading Up 1.8%

Shares of AAMI opened at $97.33 on Friday. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 34.39 and a beta of 1.30. The business’s fifty day simple moving average is $83.58 and its two-hundred day simple moving average is $69.97. Acadian Asset Management has a 12 month low of $41.47 and a 12 month high of $98.30.

Acadian Asset Management (NYSE:AAMI) last posted 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. The firm 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, research analysts forecast that Acadian Asset Management will post 5.07 EPS for the current year.

Acadian Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 11th. Acadian Asset Management’s dividend payout ratio is currently 14.13%.

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.