Acadian Asset Management Inc. (NYSE:AAMI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Acadian Asset Management Inc. (NYSE:AAMI) has received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $44.3333.

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Acadian Asset Management in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of 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. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Zacks Research cut shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Evercore ISI reaffirmed a “positive” rating on shares of Acadian Asset Management in a report on Friday, September 5th.

Institutional Trading of Acadian Asset Management

Several institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC acquired a new stake in Acadian Asset Management in the second quarter valued at $25,000. EverSource Wealth Advisors LLC acquired a new stake in Acadian Asset Management in the second quarter valued at $31,000. GAMMA Investing LLC acquired a new stake in Acadian Asset Management in the second quarter valued at $37,000. Public Employees Retirement System of Ohio bought a new stake in Acadian Asset Management during the second quarter valued at $44,000. Finally, CWM LLC bought a new stake in Acadian Asset Management during the second quarter valued at $55,000. 98.69% of the stock is owned by institutional investors and hedge funds.

Acadian Asset Management Trading Up 3.9%

NYSE AAMI opened at $45.94 on Tuesday. The company’s fifty day simple moving average is $47.41 and its 200-day simple moving average is $37.15. Acadian Asset Management has a 52 week low of $22.60 and a 52 week high of $51.65. The stock has a market cap of $1.65 billion, a P/E ratio of 19.14 and a beta of 1.39.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Thursday, July 31st. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.12. Acadian Asset Management had a net margin of 16.65% and a return on equity of 174.31%. The business had revenue of $124.90 million for the quarter, compared to analysts’ expectations of $118.07 million. On average, research analysts expect that Acadian Asset Management will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.04 annualized dividend and a yield of 0.1%. Acadian Asset Management’s dividend payout ratio is currently 1.67%.

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.