Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as $37.80 and last traded at $37.72, with a volume of 12301 shares changing hands. The stock had previously closed at $37.58.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. Evercore ISI lowered their price target on shares of Acadian Asset Management from $25.00 to $23.00 and set an "in-line" rating on the stock in a report on Friday, April 11th. Morgan Stanley lifted their price objective on shares of Acadian Asset Management from $27.00 to $30.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd.
View Our Latest Report on AAMI
Acadian Asset Management Trading Up 1.0%
The company has a market cap of $1.36 billion, a PE ratio of 15.75 and a beta of 1.36. The firm's 50-day moving average is $30.94.
Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.54 earnings per share (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%. As a group, equities research analysts anticipate that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.
Acadian Asset Management Dividend Announcement
The firm also recently declared a dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 16th were given a $0.01 dividend. This represents a yield of 0.13%. The ex-dividend date was Friday, June 13th. Acadian Asset Management's dividend 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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