Acadian Asset Management (NYSE:AAMI) Trading 1.5% Higher – What’s Next?

Acadian Asset Management Inc. (NYSE:AAMI) traded up 1.5% on Monday . The stock traded as high as $23.72 and last traded at $23.30. 29,572 shares changed hands during trading, a decline of 85% from the average session volume of 200,897 shares. The stock had previously closed at $22.96.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 target price on shares of Acadian Asset Management in a research note on Monday, February 10th. Morgan Stanley raised Acadian Asset Management from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $25.00 to $26.00 in a research note on Monday.

Acadian Asset Management Stock Up 1.8 %

The firm has a market cap of $866.60 million, a PE ratio of 10.44 and a beta of 1.35. The firm’s 50 day moving average is $25.14.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.27. Acadian Asset Management had a return on equity of 1,000.27% and a net margin of 16.81%. On average, equities analysts forecast that Acadian Asset Management Inc. will post 2.78 EPS for the current year.

Acadian Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, March 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. Acadian Asset Management’s dividend payout ratio is currently 1.79%.

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.