Acadian Asset Management (NYSE:AAMI) Announces Quarterly Earnings Results

Acadian Asset Management (NYSE:AAMI - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.03 by $0.27, Zacks reports. Acadian Asset Management had a net margin of 16.81% and a return on equity of 1,000.27%.

Acadian Asset Management Price Performance

Shares of AAMI stock traded down $0.14 during trading hours on Monday, reaching $25.08. 182,011 shares of the stock traded hands, compared to its average volume of 165,666. The firm has a market capitalization of $935.99 million, a P/E ratio of 11.20 and a beta of 1.46. Acadian Asset Management has a 1-year low of $20.28 and a 1-year high of $31.52.

Acadian Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Friday, March 14th. Acadian Asset Management's dividend payout ratio is presently 1.79%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reiterated a "sector perform" rating and set a $27.00 price objective on shares of Acadian Asset Management in a research note on Monday.

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.