Acadian Asset Management (NYSE:AAMI) Trading 5.1% Higher – Should You Buy?

Acadian Asset Management Inc. (NYSE:AAMI) shares traded up 5.1% during mid-day trading on Tuesday . The company traded as high as $26.35 and last traded at $26.35. 116,880 shares were traded during trading, a decline of 29% from the average session volume of 163,586 shares. The stock had previously closed at $25.07.

Analyst Upgrades and Downgrades

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

Acadian Asset Management Stock Up 5.1 %

The company has a market capitalization of $983.01 million, a P/E ratio of 11.76 and a beta of 1.46.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts forecast that Acadian Asset Management Inc. will post 2.62 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

The firm 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 $0.01 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.15%. Acadian Asset Management’s payout ratio is 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.