Acadian Asset Management (NYSE:AAMI) Reaches New 12-Month High - What's Next?

Shares of Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.70 and last traded at $39.38, with a volume of 10155 shares trading hands. The stock had previously closed at $39.30.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Evercore ISI decreased 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 report on Friday, April 11th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $34.00 price target (up previously from $29.00) on shares of Acadian Asset Management in a report on Thursday, July 10th. Finally, Morgan Stanley boosted their price target on shares of Acadian Asset Management from $27.00 to $30.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd.

Acadian Asset Management Stock Up 1.4%

The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 16.67 and a beta of 1.36. The business's 50-day simple moving average is $32.68.

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

Acadian Asset Management Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 16th were given 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 is currently 1.66%.

Institutional Investors Weigh In On Acadian Asset Management

Several institutional investors have recently added to or reduced their stakes in AAMI. Signaturefd LLC bought a new stake in Acadian Asset Management during the 2nd quarter worth about $25,000. GAMMA Investing LLC bought a new stake in Acadian Asset Management during the 2nd quarter worth about $37,000. Public Employees Retirement System of Ohio bought a new stake in Acadian Asset Management during the 2nd quarter worth about $44,000. Kendall Capital Management bought a new stake in Acadian Asset Management during the 2nd quarter worth about $357,000. Finally, State of Alaska Department of Revenue bought a new stake in Acadian Asset Management during the 2nd quarter worth about $562,000. 98.69% of the stock is owned by 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.