Acadian Asset Management (NYSE:AAMI) Given New $48.00 Price Target at Evercore ISI

Acadian Asset Management (NYSE:AAMI) had its price target raised by Evercore ISI from $43.00 to $48.00 in a research report released on Friday,Benzinga reports. They currently have an in-line rating on the stock.

A number of other analysts also recently weighed in on AAMI. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Royal Bank Of Canada boosted their target price on Acadian Asset Management from $34.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Finally, Morgan Stanley boosted their target price on Acadian Asset Management from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 2nd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.00.

Acadian Asset Management Trading Up 4.5%

Shares of NYSE AAMI opened at $44.51 on Friday. Acadian Asset Management has a 12 month low of $22.60 and a 12 month high of $51.65. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 18.55 and a beta of 1.42. The business has a 50-day moving average of $43.15 and a 200-day moving average of $33.03.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.52 by $0.12. Acadian Asset Management had a return on equity of 174.31% and a net margin of 16.65%.The company had revenue of $124.90 million during the quarter, compared to analyst estimates of $118.07 million. On average, analysts predict that Acadian Asset Management will post 2.78 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a $0.01 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.04 annualized dividend and a yield of 0.1%. Acadian Asset Management’s payout ratio is presently 1.67%.

Institutional Trading of Acadian Asset Management

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC bought a new position in shares of Acadian Asset Management during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC purchased a new position in Acadian Asset Management during the 2nd quarter valued at $31,000. GAMMA Investing LLC purchased a new position in Acadian Asset Management during the 2nd quarter valued at $37,000. Public Employees Retirement System of Ohio bought a new position in Acadian Asset Management in the 2nd quarter worth $44,000. Finally, CWM LLC bought a new position in Acadian Asset Management in the 2nd quarter worth $55,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Company Profile

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.