Acadian Asset Management (NYSE:AAMI) Raised to "Equal Weight" at Morgan Stanley

Morgan Stanley upgraded shares of Acadian Asset Management (NYSE:AAMI - Free Report) from an underweight rating to an equal weight rating in a report issued on Monday morning, Marketbeat.com reports. Morgan Stanley currently has $26.00 target price on the stock, up from their previous target price of $25.00.

Separately, Royal Bank of Canada reiterated a "sector perform" rating and set a $27.00 price target on shares of Acadian Asset Management in a research note on Monday, February 10th.

Acadian Asset Management Trading Up 1.4 %

Acadian Asset Management stock traded up $0.37 during mid-day trading on Monday, reaching $26.12. 270,571 shares of the company were exchanged, compared to its average volume of 218,395. The stock has a 50-day moving average price of $25.13. Acadian Asset Management has a twelve month low of $21.45 and a twelve month high of $31.52. The stock has a market capitalization of $968.16 million, a price-to-earnings ratio of 11.66 and a beta of 1.35.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.30 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Acadian Asset Management will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued 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 dividend payout ratio is presently 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.