Acadian Asset Management (NYSE:AAMI) Reaches New 1-Year High - What's Next?

Shares of Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $35.80 and last traded at $35.38, with a volume of 59137 shares traded. The stock had previously closed at $35.26.

Analyst Ratings Changes

Several research firms have recently weighed in on AAMI. Evercore ISI dropped their price target on shares of Acadian Asset Management from $25.00 to $23.00 and set an "in-line" rating for the company in a research note on Friday, April 11th. Morgan Stanley upped their price objective on Acadian Asset Management from $27.00 to $30.00 and gave the company an "equal weight" rating in a report on Wednesday.

Acadian Asset Management Stock Up 2.3%

The company has a market cap of $1.34 billion, a PE ratio of 15.59 and a beta of 1.36. The stock's fifty day moving average price is $30.73.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.54 earnings per share for the quarter, meeting analysts' consensus estimates of $0.54. Acadian Asset Management had a net margin of 17.41% and a return on equity of 299.86%. Equities research analysts expect that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The business also recently announced a dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 16th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a yield of 0.13%. Acadian Asset Management's dividend payout ratio (DPR) is presently 1.66%.

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.