Acadian Asset Management (NYSE:AAMI) Price Target Raised to $55.00

Acadian Asset Management (NYSE:AAMI) had its target price upped by Evercore ISI from $48.00 to $55.00 in a report issued on Friday morning, MarketBeat Ratings reports. They currently have an in-line rating on the stock.

Several other analysts also recently weighed in on AAMI. Royal Bank Of Canada lifted their price target on shares of Acadian Asset Management from $34.00 to $42.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Weiss Ratings downgraded shares of Acadian Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Wall Street Zen downgraded shares of Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 18th. Morgan Stanley reiterated a “positive” rating on shares of Acadian Asset Management in a research note on Monday, October 6th. Finally, Zacks Research downgraded shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.67.

Acadian Asset Management Stock Performance

Acadian Asset Management stock opened at $48.20 on Friday. The company has a 50 day moving average price of $47.79 and a 200-day moving average price of $39.47. Acadian Asset Management has a fifty-two week low of $22.60 and a fifty-two week high of $54.99. The company has a market capitalization of $1.73 billion, a PE ratio of 20.34 and a beta of 1.42.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.03. Acadian Asset Management had a net margin of 15.70% and a return on equity of 126.50%. On average, analysts forecast that Acadian Asset Management will post 2.78 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Friday, December 12th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, December 12th. Acadian Asset Management’s payout ratio is currently 1.69%.

Institutional Investors Weigh In On Acadian Asset Management

Several institutional investors and hedge funds have recently made changes to their positions in AAMI. Signaturefd LLC acquired a new position in Acadian Asset Management during the second quarter valued at $25,000. EverSource Wealth Advisors LLC purchased a new stake in Acadian Asset Management in the second quarter valued at $31,000. GAMMA Investing LLC purchased a new stake in Acadian Asset Management in the second quarter valued at $37,000. Public Employees Retirement System of Ohio purchased a new stake in Acadian Asset Management in the second quarter valued at $44,000. Finally, CWM LLC purchased a new stake in Acadian Asset Management in the second quarter valued at $55,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

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.