Acadian Asset Management (NYSE:AAMI) Shares Up 1.5% – Here’s Why

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 price target on shares of Acadian Asset Management in a research note on Monday, February 10th. Morgan Stanley upgraded shares of Acadian Asset Management from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $25.00 to $26.00 in a research note on Monday.

Acadian Asset Management Price Performance

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

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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%. As a group, equities analysts predict that Acadian Asset Management Inc. will post 2.78 EPS for the current year.

Acadian Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.01 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 1.79%.

About Acadian Asset Management

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.