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

Acadian Asset Management Inc. (NYSE:AAMI) has received a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat 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 target price among analysts that have issued a report on the stock in the last year is $86.33.

Several research analysts have weighed in on AAMI shares. Wall Street Zen downgraded Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada boosted their target price 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. Evercore set a $84.00 target price on shares of Acadian Asset Management in a research report on Friday, July 10th. Weiss Ratings raised shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Morgan Stanley lifted their price target 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.

Acadian Asset Management Stock Up 0.5%

NYSE AAMI opened at $93.81 on Tuesday. Acadian Asset Management has a twelve month low of $41.47 and a twelve month high of $98.52. The business has a 50-day moving average price of $90.16 and a 200-day moving average price of $75.54. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 33.15 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI) last issued its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $183.20 million for the quarter. Research analysts expect that Acadian Asset Management will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

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

Institutional Investors Weigh In On Acadian Asset Management

Several large investors have recently made changes to their positions in AAMI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Acadian Asset Management by 53.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 103,504 shares of the company’s stock valued at $7,403,000 after buying an additional 36,083 shares in the last quarter. Walleye Capital LLC bought a new stake in Acadian Asset Management in the 2nd quarter worth approximately $5,906,000. Summit Global Investments purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $1,209,000. Paulson & CO. Inc. purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $417,912,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Acadian Asset Management by 13.9% during the 1st quarter. Principal Financial Group Inc. now owns 204,527 shares of the company’s stock worth $11,130,000 after acquiring an additional 24,885 shares in the last quarter. 98.69% of the stock is owned by institutional investors.

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.