Acadian Asset Management (NYSE:AAMI) Hits New 1-Year High - Should You Buy?

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $32.35 and last traded at $32.25, with a volume of 37766 shares trading hands. The stock had previously closed at $31.65.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Evercore ISI cut their price objective 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. Morgan Stanley boosted their price target on shares of Acadian Asset Management from $25.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th.

Acadian Asset Management Price Performance

The firm has a market cap of $1.14 billion, a PE ratio of 13.20 and a beta of 1.36. The firm has a fifty day moving average of $29.23.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Acadian Asset Management had a return on equity of 299.86% and a net margin of 17.41%. As a group, equities research analysts forecast that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a yield of 0.13%. Acadian Asset Management's dividend payout ratio is currently 1.66%.

About Acadian Asset Management

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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