Acadian Asset Management Inc. (NYSE:AAMI) Stock Has Average Price Target of $81.67

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have earned a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat.com reports. Four equities research 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 covered the stock in the last year is $81.67.

Several research firms have recently commented on AAMI. Weiss Ratings raised Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. 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 price target on shares of Acadian Asset Management in a research report on Friday, July 10th. Zacks Research cut shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Morgan Stanley set a $81.00 price objective on shares of Acadian Asset Management in a research report on Wednesday, July 29th.

Hedge Funds Weigh In On Acadian Asset Management

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in Acadian Asset Management in the second quarter valued at approximately $38,000. Integrated Wealth Concepts LLC bought a new position in shares of Acadian Asset Management during the 2nd quarter worth approximately $40,000. Allworth Financial LP acquired a new position in shares of Acadian Asset Management during the 2nd quarter worth approximately $49,000. Quantbot Technologies LP acquired a new position in shares of Acadian Asset Management during the 2nd quarter worth approximately $67,000. Finally, Nykredit A S bought a new stake in Acadian Asset Management in the 2nd quarter valued at $117,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Performance

AAMI opened at $93.28 on Tuesday. The business’s 50-day simple moving average is $89.94 and its 200 day simple moving average is $75.41. Acadian Asset Management has a 52-week low of $41.47 and a 52-week high of $98.52. The firm has a market capitalization of $3.31 billion, a PE ratio of 32.96 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.30. The firm had revenue of $183.20 million during the quarter. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%. On average, research analysts forecast that Acadian Asset Management will post 5.07 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 11th. Acadian Asset Management’s dividend payout ratio (DPR) is 14.13%.

Acadian Asset Management Company Profile

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.