Acadian Asset Management (NYSE:AAMI) Trading Up 9.3% - What's Next?

Key Points

• Acadian Asset Management's stock surged by 9.3% to a price of $44.38, significantly higher than its previous close of $40.62.
• Analysts have raised their price targets for Acadian, with Morgan Stanley setting it at $30.00 and Royal Bank Of Canada at $42.00, while Wall Street Zen upgraded the rating from "buy" to "strong-buy".
• The company announced a $0.01 quarterly dividend, with an annual yield of 0.1%, highlighting its commitment to returning value to shareholders.

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) rose 9.3% on Tuesday . The company traded as high as $44.43 and last traded at $44.38. Approximately 281,646 shares were traded during trading, an increase of 16% from the average daily volume of 242,044 shares. The stock had previously closed at $40.62.

Analyst Upgrades and Downgrades

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

Acadian Asset Management Price Performance

The stock has a 50 day moving average price of $36.49 and a 200-day moving average price of $29.98. The stock has a market capitalization of $1.60 billion, a P/E ratio of 18.64 and a beta of 1.38.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.12. Acadian Asset Management had a return on equity of 174.31% and a net margin of 16.65%. The firm had revenue of $124.90 million for the quarter, compared to analysts' expectations of $118.07 million. Research analysts predict that Acadian Asset Management Inc. will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC bought a new position in shares of Acadian Asset Management during the second quarter valued at about $25,000. GAMMA Investing LLC bought a new stake in shares of Acadian Asset Management in the second quarter worth about $37,000. Public Employees Retirement System of Ohio bought a new stake in shares of Acadian Asset Management in the second quarter worth about $44,000. CWM LLC bought a new stake in shares of Acadian Asset Management in the second quarter worth about $55,000. Finally, Blue Trust Inc. bought a new stake in shares of Acadian Asset Management in the second quarter worth about $57,000. 98.69% of the stock is 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.