Shares of Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) were down 1.4% during mid-day trading on Friday . The stock traded as low as $27.36 and last traded at $27.81. Approximately 233,129 shares changed hands during trading, an increase of 4% from the average daily volume of 223,817 shares. The stock had previously closed at $28.20.
Analyst Ratings Changes
A number of research firms recently weighed in on AAMI. Morgan Stanley increased their price objective on Acadian Asset Management from $25.00 to $27.00 and gave the company an "equal weight" rating in a report on Tuesday. Royal Bank of Canada reaffirmed 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. Finally, Evercore ISI decreased 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.
View Our Latest Analysis on Acadian Asset Management
Acadian Asset Management Stock Up 3.2 %
The stock has a fifty day simple moving average of $25.77. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 13.30 and a beta of 1.36.
Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.54 EPS for the quarter, meeting analysts' consensus estimates of $0.54. Acadian Asset Management had a return on equity of 1,000.27% and a net margin of 16.81%. As a group, sell-side analysts expect that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.
Acadian Asset Management Company Profile
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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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