Acadian Asset Management (NYSE:AAMI) Stock Price Down 1.4% - Here's Why

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) shares were down 1.4% on Friday . The stock traded as low as $27.36 and last traded at $27.81. Approximately 233,129 shares traded hands during trading, an increase of 4% from the average daily volume of 223,817 shares. The stock had previously closed at $28.20.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Acadian Asset Management from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $25.00 to $26.00 in a report on Monday, April 7th. Evercore ISI cut their price target on Acadian Asset Management from $25.00 to $23.00 and set an "in-line" rating for the company in a research note on Friday, April 11th. Finally, Royal Bank of Canada reissued 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.

Acadian Asset Management Stock Down 1.4 %

The stock has a market capitalization of $1.03 billion, a P/E ratio of 12.42 and a beta of 1.35. The company's 50-day moving average price is $25.53.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.54 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%. As a group, research 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.14%. Acadian Asset Management's dividend payout ratio (DPR) is presently 1.79%.

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.

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