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

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

Acadian Asset Management Stock Down 1.9%

Shares of AAMI traded down $0.60 during mid-day trading on Friday, reaching $31.14. 201,823 shares of the company's stock were exchanged, compared to its average volume of 233,393. The stock's fifty day simple moving average is $28.63. The stock has a market cap of $1.11 billion, a PE ratio of 13.90 and a beta of 1.36. Acadian Asset Management has a 52-week low of $21.45 and a 52-week high of $32.20.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its quarterly earnings data 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 net margin of 16.81% and a return on equity of 1,000.27%. As a group, equities analysts forecast that Acadian Asset Management will post 2.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley raised their price target on Acadian Asset Management from $25.00 to $27.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Evercore ISI lowered their target price on Acadian Asset Management from $25.00 to $23.00 and set an "in-line" rating on the stock in a research note 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.