Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report)'s stock price was down 5.2% on Wednesday . The company traded as low as $24.94 and last traded at $25.02. Approximately 50,181 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 163,833 shares. The stock had previously closed at $26.40.
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 report on Monday, February 10th.
View Our Latest Stock Analysis on Acadian Asset Management
Acadian Asset Management Stock Up 0.2 %
The company has a market capitalization of $958.75 million, a PE ratio of 11.47 and a beta of 1.46.
Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.30 earnings per share (EPS) 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, sell-side analysts anticipate that Acadian Asset Management Inc. will post 2.62 EPS for the current year.
Acadian Asset Management Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.16%. The ex-dividend date is Friday, March 14th. Acadian Asset Management's dividend payout ratio is currently 1.79%.
About Acadian Asset Management
(
Get Free Report)
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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