Acadian Asset Management (NYSE:AAMI) Reaches New 12-Month High – Time to Buy?

by · The Markets Daily

Acadian Asset Management Inc. (NYSE:AAMIGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $98.52 and last traded at $96.18, with a volume of 622 shares traded. The stock had previously closed at $95.76.

Analysts Set New Price Targets

AAMI has been the subject of several recent analyst reports. Weiss Ratings upgraded Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Evercore set a $84.00 price objective on shares of Acadian Asset Management in a report on Friday, July 10th. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Royal Bank Of Canada boosted their target price on shares of Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Finally, Zacks Research lowered shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Acadian Asset Management currently has an average rating of “Hold” and a consensus target price of $81.67.

Get Our Latest Research Report on Acadian Asset Management

Acadian Asset Management Stock Down 0.5%

The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 33.68 and a beta of 1.30. The stock has a fifty day moving average of $83.99 and a two-hundred day moving average of $70.28.

Acadian Asset Management (NYSE:AAMIGet Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) 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%. Equities research analysts anticipate that Acadian Asset Management Inc. will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

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

Institutional Trading of Acadian Asset Management

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in Acadian Asset Management in the second quarter valued at approximately $6,964,000. American Century Companies Inc. purchased a new stake in Acadian Asset Management during the second quarter worth approximately $1,773,000. Russell Investments Group Ltd. purchased a new stake in Acadian Asset Management during the second quarter worth approximately $97,000. New York State Common Retirement Fund purchased a new stake in Acadian Asset Management during the second quarter worth approximately $299,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Acadian Asset Management in the second quarter worth $436,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

About Acadian Asset Management

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Acadian Asset Management is a global investment management firm specializing in quantitative research and systematic strategies. Since its founding in 1986, the firm has developed data-driven models designed to identify and capture investment opportunities across equity and fixed income markets. By integrating advanced analytics, proprietary risk management tools and a disciplined investment process, Acadian seeks to deliver consistent performance for institutional clients.

The firm’s core offerings include institutional equity portfolios, fixed income strategies and multi-asset solutions.

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