Shares of Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) were up 5.1% during mid-day trading on Tuesday . The stock traded as high as $26.35 and last traded at $26.35. Approximately 116,880 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 163,586 shares. The stock had previously closed at $25.07.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada reiterated a "sector perform" rating and issued a $27.00 price target on shares of Acadian Asset Management in a research note on Monday, February 10th.
View Our Latest Report on Acadian Asset Management
Acadian Asset Management Price Performance
The company has a market capitalization of $958.75 million, a price-to-earnings ratio of 11.47 and a beta of 1.46.
Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its 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%. As a group, equities analysts forecast that Acadian Asset Management Inc. will post 2.62 EPS for the current fiscal year.
Acadian Asset Management Dividend Announcement
The firm also recently announced 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 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Friday, March 14th. Acadian Asset Management's payout ratio is presently 1.79%.
Acadian Asset Management Company Profile
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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.
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