Acadian Asset Management Inc. (NYSE:AAMI) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts rate Acadian Asset Management “Hold” on average: Four of five covering firms recommend holding the stock, while one recommends buying it. Their average 12-month price target is $81.67, below the current price of $94.31.
• Acadian reported quarterly EPS of $1.33, beating the $1.03 consensus estimate, on revenue of $183.2 million. Analysts expect full-year EPS of approximately $5.07.
• The company declared a quarterly dividend of $0.10 per share, equivalent to a $0.40 annual payout and a 0.4% yield; institutional investors own approximately 98.69% of outstanding shares.

Shares of Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) have been given an average rating of "Hold" by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $81.6667.

Several research analysts have recently commented on AAMI shares. Royal Bank Of Canada boosted their price target on Acadian Asset Management from $72.00 to $80.00 and gave the stock a "sector perform" rating in a research report on Friday, July 31st. Evercore set a $84.00 target price on Acadian Asset Management in a research note on Friday, July 10th. Weiss Ratings upgraded shares of Acadian Asset Management from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, August 21st. Zacks Research lowered shares of Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Finally, Morgan Stanley set a $81.00 price target on shares of Acadian Asset Management in a report on Wednesday, July 29th.

Acadian Asset Management Price Performance

Shares of AAMI stock opened at $94.31 on Tuesday. Acadian Asset Management has a one year low of $41.47 and a one year high of $98.52. The company has a market capitalization of $3.35 billion, a P/E ratio of 33.33 and a beta of 1.30. The company's 50-day simple moving average is $89.35 and its two-hundred day simple moving average is $74.58.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.30. The company had revenue of $183.20 million for the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. On average, research analysts expect that Acadian Asset Management will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 11th. Acadian Asset Management's dividend payout ratio (DPR) is 14.13%.

Institutional Investors Weigh In On Acadian Asset Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAMI. Public Employees Retirement System of Ohio purchased a new stake in shares of Acadian Asset Management during the second quarter worth about $38,000. Integrated Wealth Concepts LLC purchased a new position in shares of Acadian Asset Management in the 2nd quarter valued at approximately $40,000. Allworth Financial LP purchased a new position in shares of Acadian Asset Management in the 2nd quarter valued at approximately $49,000. Quantbot Technologies LP acquired a new stake in Acadian Asset Management in the 2nd quarter worth approximately $67,000. Finally, Nykredit A S acquired a new stake in Acadian Asset Management in the 2nd quarter worth approximately $117,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

About Acadian Asset Management

Acadian Asset Management Inc is an investment management company that provides systematic, research-driven strategies to institutional and other professional investors. Through its investment management operations, the company uses quantitative models, fundamental research, and technology to analyze global markets and construct portfolios.

Acadian's offerings include active strategies focused on global, international, emerging-market, and regional equities, as well as alternative and multi-asset solutions.

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