Acadian Asset Management (NYSE:AAMI - Get Free Report) released its quarterly earnings data on Thursday, May 1st. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.54, Zacks reports. Acadian Asset Management had a return on equity of 1,000.27% and a net margin of 16.81%.
Acadian Asset Management Stock Performance
Shares of Acadian Asset Management stock traded up $0.92 on Thursday, hitting $29.79. 146,043 shares of the company traded hands, compared to its average volume of 227,429. Acadian Asset Management has a 52 week low of $21.45 and a 52 week high of $31.52. The stock has a market cap of $1.10 billion, a P/E ratio of 13.30 and a beta of 1.36. The company has a 50 day moving average of $25.77.
Analyst Upgrades and Downgrades
Several research firms recently commented on AAMI. Evercore ISI dropped their price target 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $27.00 target price on shares of Acadian Asset Management in a research note on Monday, February 10th. Finally, Morgan Stanley upped their price target on shares of Acadian Asset Management from $25.00 to $27.00 and gave the company an "equal weight" rating in a report on Tuesday.
Check Out Our Latest Stock Analysis on Acadian Asset Management
Acadian Asset Management Company Profile
(
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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