Acadian Asset Management (NYSE:AAMI) Trading Down 5.2% – What’s Next?

Acadian Asset Management Inc. (NYSE:AAMI) fell 5.2% during trading on Wednesday . The stock traded as low as $24.94 and last traded at $25.02. 50,181 shares were traded during trading, a decline of 69% from the average session volume of 163,833 shares. The stock had previously closed at $26.40.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 price target on shares of Acadian Asset Management in a research note on Monday.

Acadian Asset Management Stock Performance

The stock has a market cap of $944.20 million, a P/E ratio of 11.29 and a beta of 1.46.

Acadian Asset Management (NYSE:AAMI) last issued its earnings results on Thursday, February 6th. The company reported $1.30 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%. Sell-side analysts forecast that Acadian Asset Management Inc. will post 2.62 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Friday, March 14th. Acadian Asset Management’s dividend payout ratio is currently 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.