Acadian Asset Management (NYSE:AAMI) Shares Up 1.5% - What's Next?

Shares of Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) were up 1.5% during mid-day trading on Monday . The company traded as high as $23.72 and last traded at $23.30. Approximately 29,572 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 200,897 shares. The stock had previously closed at $22.96.

Analysts Set New Price Targets

Several equities analysts have recently commented on AAMI shares. Evercore ISI decreased their target price on Acadian Asset Management from $25.00 to $23.00 and set an "in-line" rating on the stock in a research report on Friday. Morgan Stanley upgraded Acadian Asset Management from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $25.00 to $26.00 in a research report on Monday, April 7th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $27.00 price objective on shares of Acadian Asset Management in a report on Monday, February 10th.

Acadian Asset Management Stock Up 1.4 %

The stock has a market capitalization of $968.16 million, a price-to-earnings ratio of 11.66 and a beta of 1.35. The stock has a 50-day simple moving average of $25.13.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.27. Acadian Asset Management had a net margin of 16.81% and a return on equity of 1,000.27%. On average, analysts anticipate that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date was Friday, March 14th. Acadian Asset Management's payout ratio is 1.79%.

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.