Acadian Asset Management Inc. (NYSE:AAMI) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Acadian Asset Management Inc. has received an average rating of "Moderate Buy" from five brokerages, with a target price of $44.33.
• The company recently reported earnings of $0.64 EPS, exceeding expectations, along with a quarterly dividend payout of $0.01.
• Institutional investors now hold 98.69% of the company's stock, indicating strong institutional confidence in Acadian Asset Management.

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $44.3333.

A number of research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Zacks Research lowered Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a report on Friday. Weiss Ratings reissued a "buy (b-)" rating on shares of Acadian Asset Management in a research report on Saturday, September 27th. Morgan Stanley reaffirmed a "positive" rating on shares of Acadian Asset Management in a research report on Monday. Finally, Evercore ISI reissued a "positive" rating on shares of Acadian Asset Management in a report on Friday, September 5th.

Acadian Asset Management Stock Performance

Shares of NYSE:AAMI opened at $45.11 on Tuesday. The company has a market capitalization of $1.62 billion, a P/E ratio of 18.80 and a beta of 1.39. The company's 50-day moving average is $46.97 and its 200 day moving average is $36.52. Acadian Asset Management has a fifty-two week low of $22.60 and a fifty-two week high of $51.65.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.12. The business had revenue of $124.90 million during the quarter, compared to the consensus estimate of $118.07 million. Acadian Asset Management had a net margin of 16.65% and a return on equity of 174.31%. As a group, research analysts predict that Acadian Asset Management will post 2.78 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.01 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. Acadian Asset Management's dividend payout ratio (DPR) is presently 1.67%.

Institutional Trading of Acadian Asset Management

A number of institutional investors have recently modified their holdings of AAMI. SummerHaven Investment Management LLC purchased a new position in Acadian Asset Management in the 2nd quarter valued at approximately $1,248,000. Exchange Traded Concepts LLC bought a new position in shares of Acadian Asset Management in the second quarter worth $1,882,000. Kendall Capital Management purchased a new position in shares of Acadian Asset Management in the second quarter valued at $357,000. Institute for Wealth Management LLC. purchased a new position in shares of Acadian Asset Management in the second quarter valued at $302,000. Finally, GAMMA Investing LLC bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $37,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

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.

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