Acadian Asset Management Inc. (NYSE:AAMI) Given Consensus Rating of “Hold” by Brokerages

by · The Cerbat Gem

Acadian Asset Management Inc. (NYSE:AAMI – Get Free Report) has earned an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $45.6667.

AAMI has been the subject of several analyst reports. Morgan Stanley reissued a “positive” rating on shares of Acadian Asset Management in a report on Monday, October 6th. Wall Street Zen downgraded Acadian Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research lowered Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, November 24th. Finally, Evercore ISI set a $52.00 price objective on Acadian Asset Management in a research note on Thursday, November 6th.

Read Our Latest Research Report on AAMI

Acadian Asset Management Stock Performance

Shares of NYSE:AAMI opened at $43.72 on Wednesday. Acadian Asset Management has a 52 week low of $22.60 and a 52 week high of $54.99. The company’s fifty day moving average is $45.76 and its 200-day moving average is $41.92. The company has a market capitalization of $1.56 billion, a PE ratio of 18.45 and a beta of 1.32.

Acadian Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Friday, December 12th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, December 12th. This represents a $0.04 annualized dividend and a yield of 0.1%. Acadian Asset Management’s dividend payout ratio is 1.69%.

Hedge Funds Weigh In On Acadian Asset Management

A number of large investors have recently modified their holdings of the stock. Signaturefd LLC bought a new stake in shares of Acadian Asset Management during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in Acadian Asset Management during the 2nd quarter worth $31,000. GAMMA Investing LLC bought a new position in Acadian Asset Management in the 2nd quarter valued at $37,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Acadian Asset Management in the 2nd quarter valued at $44,000. Finally, CWM LLC acquired a new stake in shares of Acadian Asset Management in the 2nd quarter valued at $55,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

Acadian Asset Management Company Profile

(Get Free Report)

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.

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