Acadian Asset Management (NYSE:AAMI) Trading Down 0.5% - What's Next?

Key Points

• Acadian Asset Management's stock (NYSE:AAMI) fell 0.5% to $48.35 with a trading volume decline of 16% compared to the average.
• Analysts have varying price targets for the stock, with Royal Bank of Canada raising it from $34.00 to $42.00, and an overall consensus price target of $40.00.
• The company recently announced a quarterly dividend of $0.01 per share, with a payout ratio of 1.67% and an ex-dividend date set for September 12th.

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report)'s stock price was down 0.5% during trading on Monday . The company traded as low as $47.89 and last traded at $48.35. Approximately 313,556 shares traded hands during trading, a decline of 16% from the average daily volume of 371,468 shares. The stock had previously closed at $48.57.

Wall Street Analyst Weigh In

A number of research analysts have commented on AAMI shares. Evercore ISI restated a "positive" rating on shares of Acadian Asset Management in a research note on Friday, September 5th. Morgan Stanley increased their target price on Acadian Asset Management from $27.00 to $30.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. Wall Street Zen raised Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Finally, Royal Bank Of Canada raised their price objective on Acadian Asset Management from $34.00 to $42.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $40.00.

Acadian Asset Management Price Performance

The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 20.35 and a beta of 1.42. The stock's 50-day moving average is $45.24 and its 200 day moving average is $34.61.

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

Acadian Asset Management Announces Dividend

The firm 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 Trading of Acadian Asset Management

Several hedge funds and other institutional investors have recently bought and sold shares of AAMI. Signaturefd LLC purchased a new stake in Acadian Asset Management in the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at $31,000. GAMMA Investing LLC acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at $37,000. Public Employees Retirement System of Ohio acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at $44,000. Finally, CWM LLC acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at $55,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

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.