Acadian Asset Management Inc. (NYSE:AAMI) Receives Average Rating of “Hold” from Analysts

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have received a consensus rating of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $47.6667.

A number of research firms recently issued reports on AAMI. Wall Street Zen lowered Acadian Asset Management from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Morgan Stanley increased their price target on Acadian Asset Management from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Finally, Evercore ISI set a $52.00 price objective on shares of Acadian Asset Management in a research note on Thursday, November 6th.

Acadian Asset Management Stock Performance

Shares of Acadian Asset Management stock opened at $54.47 on Thursday. The company has a market capitalization of $1.95 billion, a P/E ratio of 22.98 and a beta of 1.31. Acadian Asset Management has a 1 year low of $22.60 and a 1 year high of $55.10. The company’s fifty day moving average is $47.28 and its two-hundred day moving average is $46.06.

Acadian Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 12th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, December 12th. Acadian Asset Management’s dividend payout ratio is currently 1.69%.

Institutional Investors Weigh In On Acadian Asset Management

A number of institutional investors have recently added to or reduced their stakes in AAMI. Exchange Traded Concepts LLC acquired a new position in Acadian Asset Management during the 2nd quarter worth approximately $1,882,000. GAMMA Investing LLC acquired a new position in Acadian Asset Management during the second quarter worth $37,000. Public Employees Retirement System of Ohio purchased a new position in Acadian Asset Management in the second quarter worth $44,000. State of Alaska Department of Revenue purchased a new position in Acadian Asset Management in the second quarter worth $562,000. Finally, Kendall Capital Management acquired a new stake in Acadian Asset Management in the second quarter valued at $357,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

About Acadian Asset Management

Acadian Asset Management is a global investment management firm specializing in quantitative research and systematic strategies. Since its founding in 1986, the firm has developed data-driven models designed to identify and capture investment opportunities across equity and fixed income markets. By integrating advanced analytics, proprietary risk management tools and a disciplined investment process, Acadian seeks to deliver consistent performance for institutional clients.

The firm’s core offerings include institutional equity portfolios, fixed income strategies and multi-asset solutions.