Acadian Asset Management Inc. (NYSE:AAMI) Given Consensus Rating of “Hold” by Brokerages

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $47.6667.

A number of equities analysts have recently issued reports on AAMI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Zacks Research lowered Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Evercore ISI set a $52.00 target price on Acadian Asset Management in a research note on Thursday, November 6th. Finally, Morgan Stanley upped their price target on Acadian Asset Management from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th.

Institutional Investors Weigh In On Acadian Asset Management

Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC bought a new position in Acadian Asset Management in the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $31,000. GAMMA Investing LLC acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at $37,000. Public Employees Retirement System of Ohio bought a new position in shares of Acadian Asset Management in the 2nd quarter worth $44,000. Finally, CWM LLC acquired a new stake in shares of Acadian Asset Management during the second quarter worth $55,000. 98.69% of the stock is owned by institutional investors.

Acadian Asset Management Stock Up 0.4%

Shares of NYSE AAMI opened at $52.84 on Thursday. Acadian Asset Management has a 12-month low of $22.60 and a 12-month high of $54.99. The firm’s 50-day simple moving average is $46.68 and its 200 day simple moving average is $45.61. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 22.29 and a beta of 1.31.

Acadian Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 12th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, December 12th. Acadian Asset Management’s dividend payout ratio (DPR) is 1.69%.

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.