Acadian Asset Management Inc. Declares Quarterly Dividend of $0.01 (NYSE:AAMI)

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) announced a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.01 per share on Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date is Friday, March 14th.

Acadian Asset Management Trading Up 5.1 %

Shares of NYSE:AAMI traded up $1.27 during trading on Tuesday, hitting $26.34. 237,119 shares of the company's stock were exchanged, compared to its average volume of 166,138. Acadian Asset Management has a 52-week low of $20.28 and a 52-week high of $31.52. The stock has a market capitalization of $983.01 million, a P/E ratio of 11.76 and a beta of 1.46.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.27. Acadian Asset Management had a return on equity of 1,000.27% and a net margin of 16.81%. On average, research analysts predict that Acadian Asset Management will post 2.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada restated a "sector perform" rating and set a $27.00 price target on shares of Acadian Asset Management in a report on Monday.

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.