Acadian Asset Management Inc. (AAMI) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst consensus is “Hold”: Four of five brokerages rate Acadian Asset Management neutral, while one recommends buying. The average 12-month price target is $94, close to the reported share price of $92.36.
• Shares have risen substantially: AAMI trades near its 12-month high of $98.52, compared with a low of $41.47, and has a market capitalization of approximately $3.28 billion.
• Recent results exceeded expectations: The company reported quarterly earnings of $1.33 per share versus the $1.03 consensus estimate, alongside $183.2 million in revenue. It also pays a $0.10 quarterly dividend, equivalent to a 0.4% annual yield.

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) has received an average recommendation of "Hold" from the five brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $94.00.

AAMI has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Acadian Asset Management from $81.00 to $95.00 and gave the stock an "equal weight" rating in a report on Friday, September 25th. Royal Bank Of Canada boosted their price objective on Acadian Asset Management from $80.00 to $85.00 and gave the stock a "sector perform" rating in a research report on Friday, October 9th. Weiss Ratings upgraded Acadian Asset Management from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, October 8th. Zacks Research lowered Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Finally, Evercore set a $102.00 target price on Acadian Asset Management in a research report on Friday, October 9th.

Acadian Asset Management Stock Performance

Shares of Acadian Asset Management stock traded down $0.45 during mid-day trading on Friday, hitting $92.36. 312,852 shares of the stock were exchanged, compared to its average volume of 438,347. Acadian Asset Management has a 12 month low of $41.47 and a 12 month high of $98.52. The company has a 50-day simple moving average of $92.47 and a 200 day simple moving average of $79.89. The company has a market capitalization of $3.28 billion, a P/E ratio of 32.64 and a beta of 1.31.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.30. The firm had revenue of $183.20 million for the quarter. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%. Analysts predict that Acadian Asset Management will post 5.51 EPS for the current year.

Acadian Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a dividend of $0.10 per share. The ex-dividend date was Friday, September 11th. This represents a $0.40 annualized dividend and a yield of 0.4%. Acadian Asset Management's dividend payout ratio is presently 14.13%.

Institutional Trading of Acadian Asset Management

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new stake in Acadian Asset Management during the 2nd quarter valued at $38,000. Integrated Wealth Concepts LLC purchased a new position in shares of Acadian Asset Management in the second quarter valued at $40,000. Allworth Financial LP purchased a new position in shares of Acadian Asset Management in the second quarter valued at $49,000. Farther Finance Advisors LLC raised its stake in shares of Acadian Asset Management by 17.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 754 shares of the company's stock valued at $69,000 after purchasing an additional 112 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $67,000. Hedge funds and other institutional investors own 98.69% of the company's stock.

About Acadian Asset Management

Acadian Asset Management is a global investment management firm that uses quantitative and systematic research to design and manage portfolios for institutional and intermediary clients. The company applies data-driven processes, technology and fundamental analysis to identify investment opportunities and manage risk across global markets.

Its offerings include actively managed strategies in global and emerging-market equities, fixed income, multi-asset portfolios and alternative investments.

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