Acadian Asset Management Inc. Announces Dividend of $0.01 (NYSE:AAMI)

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) declared a dividend on Tuesday, June 10th, investing.com reports. Stockholders of record on Monday, June 16th will be paid a dividend of 0.01 per share on Friday, June 27th. This represents a dividend yield of 0.13%. The ex-dividend date is Friday, June 13th.

Acadian Asset Management Stock Up 0.6%

Shares of Acadian Asset Management stock traded up $0.18 during trading hours on Tuesday, reaching $31.39. The company's stock had a trading volume of 254,684 shares, compared to its average volume of 234,069. The stock has a market cap of $1.12 billion, a P/E ratio of 14.01 and a beta of 1.36. The business has a fifty day simple moving average of $27.99. Acadian Asset Management has a one year low of $21.45 and a one year high of $31.52.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. Acadian Asset Management had a return on equity of 1,000.27% and a net margin of 16.81%. As a group, equities analysts forecast that Acadian Asset Management will post 2.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Acadian Asset Management from $25.00 to $27.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Royal Bank of Canada reissued 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. Finally, Evercore ISI dropped their price target on Acadian Asset Management from $25.00 to $23.00 and set an "in-line" rating for the company in a research report on Friday, April 11th.

Acadian Asset Management Company Profile

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.