Acadian Asset Management (NYSE:AAMI) Posts Quarterly Earnings Results, Hits Expectations

Acadian Asset Management (NYSE:AAMI - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54, Zacks reports. Acadian Asset Management had a net margin of 16.81% and a return on equity of 1,000.27%.

Acadian Asset Management Trading Down 1.4 %

NYSE:AAMI opened at $27.81 on Friday. Acadian Asset Management has a one year low of $21.45 and a one year high of $31.52. The stock's 50 day simple moving average is $25.53. The firm has a market cap of $1.03 billion, a P/E ratio of 12.42 and a beta of 1.35.

Acadian Asset Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.01 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.14%. Acadian Asset Management's dividend payout ratio (DPR) is presently 1.79%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AAMI. Evercore ISI lowered their price target on 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. Morgan Stanley upgraded Acadian Asset Management from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $25.00 to $26.00 in a research report on Monday, April 7th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $27.00 price objective on shares of Acadian Asset Management in a research note on Monday, February 10th.

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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