Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday after the company announced a dividend. The company traded as high as $31.75 and last traded at $31.73, with a volume of 19972 shares traded. The stock had previously closed at $31.45.
The newly announced dividend which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be paid a $0.01 dividend. This represents a yield of 0.13%. The ex-dividend date is Friday, June 13th. Acadian Asset Management's payout ratio is currently 1.66%.
Analyst Ratings Changes
A number of brokerages recently issued reports on AAMI. Morgan Stanley raised their price target on Acadian Asset Management from $25.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Evercore ISI dropped their price target on Acadian Asset Management from $25.00 to $23.00 and set an "in-line" rating on the stock in a research report on Friday, April 11th.
View Our Latest Report on Acadian Asset Management
Acadian Asset Management Trading Up 0.3%
The firm has a market cap of $1.13 billion, a P/E ratio of 14.13 and a beta of 1.36. The business's 50-day simple moving average is $28.30.
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, hitting the consensus estimate of $0.54. Acadian Asset Management had a net margin of 16.81% and a return on equity of 1,000.27%. On average, equities research analysts predict that Acadian Asset Management Inc. will post 2.78 EPS for the current year.
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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