Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $35.80 and last traded at $35.38, with a volume of 59137 shares trading hands. The stock had previously closed at $35.26.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on AAMI shares. Evercore ISI lowered their price objective on shares of 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 upped 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.
Check Out Our Latest Report on Acadian Asset Management
Acadian Asset Management Stock Performance
The firm has a market capitalization of $1.27 billion, a P/E ratio of 14.71 and a beta of 1.36. The stock's 50 day moving average price is $29.93.
Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. Acadian Asset Management had a return on equity of 299.86% and a net margin of 17.41%. Sell-side analysts anticipate that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.
Acadian Asset Management Dividend Announcement
The company also recently disclosed a dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 16th were issued a dividend of $0.01 per share. This represents a dividend yield of 0.13%. The ex-dividend date of this dividend was Friday, June 13th. Acadian Asset Management's payout ratio is presently 1.66%.
About Acadian Asset Management
(
Get Free Report)
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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