Acadian Asset Management (NYSE:AAMI) Hits New 12-Month High - What's Next?

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) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.61 and last traded at $44.59, with a volume of 437145 shares changing hands. The stock had previously closed at $40.62.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AAMI shares. Morgan Stanley increased their price target on Acadian Asset Management from $27.00 to $30.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Wall Street Zen raised Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Finally, Royal Bank Of Canada increased their price target on Acadian Asset Management from $34.00 to $42.00 and gave the company a "sector perform" rating in a research note on Friday, August 1st.

Acadian Asset Management Stock Performance

The firm has a market capitalization of $1.60 billion, a P/E ratio of 18.64 and a beta of 1.38. The firm has a 50 day moving average price of $36.49 and a two-hundred day moving average price of $29.98.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.12. The business had revenue of $124.90 million during the quarter, compared to analyst estimates of $118.07 million. Acadian Asset Management had a return on equity of 174.31% and a net margin of 16.65%. Equities research analysts forecast that Acadian Asset Management Inc. will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

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

Institutional Trading of Acadian Asset Management

A number of hedge funds have recently modified their holdings of the business. Intech Investment Management LLC purchased a new stake in shares of Acadian Asset Management in the second quarter valued at $400,000. Creative Planning purchased a new position in Acadian Asset Management in the second quarter valued at about $817,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Acadian Asset Management in the 2nd quarter worth about $243,000. Impax Asset Management Group plc purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $35,240,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $236,000. Hedge funds and other institutional investors own 98.69% of the company's stock.

Acadian Asset Management Company Profile

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.