Acadian Asset Management Inc. (AAMI) – What Are Analysts Saying About This Stock?

Acadian Asset Management Inc. (NYSE:AAMI) has received an average recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $94.00.

AAMI has been the topic of a number of analyst reports. Royal Bank Of Canada upped their target price on shares of Acadian Asset Management from $80.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, October 9th. Evercore set a $102.00 price target on shares of Acadian Asset Management in a report on Friday, October 9th. Wall Street Zen lowered shares of Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 12th. Weiss Ratings upgraded shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Finally, Zacks Research cut shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th.

Acadian Asset Management Trading Down 0.5%

Shares of Acadian Asset Management stock traded down $0.45 on Friday, reaching $92.36. The stock had a trading volume of 312,852 shares, compared to its average volume of 438,347. Acadian Asset Management has a 1 year low of $41.47 and a 1 year high of $98.52. The company has a market cap of $3.28 billion, a P/E ratio of 32.64 and a beta of 1.31. The business’s 50 day moving average is $92.47 and its two-hundred day moving average is $79.89.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.30. The company had revenue of $183.20 million during the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. On average, equities analysts anticipate that Acadian Asset Management will post 5.51 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.40 annualized dividend and a yield of 0.4%. Acadian Asset Management’s dividend payout ratio (DPR) is currently 14.13%.

Hedge Funds Weigh In On Acadian Asset Management

Institutional investors have recently added to or reduced their stakes in the business. Paulson & CO. Inc. purchased a new position in shares of Acadian Asset Management during the second quarter worth approximately $417,912,000. BlackRock Inc. purchased a new stake in shares of Acadian Asset Management in the 2nd quarter valued at $320,877,000. Jennison Associates LLC boosted its stake in shares of Acadian Asset Management by 5.9% in the 1st quarter. Jennison Associates LLC now owns 2,022,207 shares of the company’s stock valued at $110,049,000 after purchasing an additional 112,985 shares in the last quarter. Azora Capital LP purchased a new stake in shares of Acadian Asset Management in the 2nd quarter valued at $35,474,000. Finally, SG Americas Securities LLC grew its holdings in shares of Acadian Asset Management by 67.9% during the 1st quarter. SG Americas Securities LLC now owns 603,683 shares of the company’s stock valued at $32,852,000 after purchasing an additional 244,070 shares during the last quarter. 98.69% of the stock is currently owned by institutional investors.

About Acadian Asset Management

Acadian Asset Management is a global investment management firm that uses quantitative and systematic research to design and manage portfolios for institutional and intermediary clients. The company applies data-driven processes, technology and fundamental analysis to identify investment opportunities and manage risk across global markets.

Its offerings include actively managed strategies in global and emerging-market equities, fixed income, multi-asset portfolios and alternative investments.