Acadian Asset Management (NYSE:AAMI) Shares Down 0% – Here’s Why

Acadian Asset Management Inc. (NYSE:AAMI)’s share price traded down 0% on Monday . The company traded as low as $25.46 and last traded at $25.85. 482,576 shares traded hands during trading, an increase of 143% from the average session volume of 198,546 shares. The stock had previously closed at $25.86.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reiterated a “sector perform” rating and issued a $27.00 price objective on shares of Acadian Asset Management in a report on Monday, February 10th.

Acadian Asset Management Trading Up 1.0 %

The company’s fifty day moving average price is $25.17. The company has a market capitalization of $997.29 million, a price-to-earnings ratio of 11.88 and a beta of 1.54.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.30 EPS for the quarter, beating 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%. On average, analysts forecast that Acadian Asset Management Inc. will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, March 14th. This represents a $0.04 annualized dividend and a yield of 0.15%. Acadian Asset Management’s payout ratio is 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.