Acadian Asset Management (NYSE:AAMI) Reaches New 12-Month High - Should You Buy?

Key Points

• Acadian Asset Management's shares reached a new **52-week high** trading at **$44.61**, reflecting a substantial increase from its previous close of **$40.62**.
• Analysts have raised their price targets for Acadian, with **Royal Bank of Canada** increasing its target to **$42.00**, indicating a positive outlook for the stock.
• The company reported **$0.64 EPS** for the last quarter, surpassing estimates and showing strong **revenue of $124.90 million**, which bodes well for its financial health.

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $44.61 and last traded at $44.59, with a volume of 437145 shares trading hands. The stock had previously closed at $40.62.

Analysts Set New Price Targets

AAMI has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of Acadian Asset Management from $27.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Evercore ISI dropped their target price 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. Wall Street Zen upgraded shares of Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Finally, Royal Bank Of Canada increased their target price on shares of Acadian Asset Management from $34.00 to $42.00 and gave the company a "sector perform" rating in a report on Friday, August 1st.

Acadian Asset Management Stock Up 1.0%

The stock has a 50-day moving average of $36.20. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 14.43 and a beta of 1.38.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.12. The company had revenue of $124.90 million during the quarter, compared to analyst estimates of $118.07 million. Acadian Asset Management had a net margin of 16.65% and a return on equity of 174.31%. As a group, sell-side analysts anticipate that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. Acadian Asset Management's dividend payout ratio (DPR) is presently 1.67%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AAMI. Signaturefd LLC bought a new position in Acadian Asset Management in the second quarter worth $25,000. GAMMA Investing LLC purchased a new stake in shares of Acadian Asset Management in the 2nd quarter worth about $37,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Acadian Asset Management in the 2nd quarter worth about $44,000. CWM LLC bought a new position in shares of Acadian Asset Management in the 2nd quarter worth about $55,000. Finally, Blue Trust Inc. bought a new position in shares of Acadian Asset Management in the 2nd quarter worth about $57,000. 98.69% of the stock is currently owned by institutional investors.

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.