Acadian Asset Management (NYSE:AAMI) Shares Cross Above 50 Day Moving Average – What’s Next?

Acadian Asset Management Inc. (NYSE:AAMI) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $92.17 and traded as high as $96.46. Acadian Asset Management shares last traded at $95.8670, with a volume of 805,438 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AAMI shares. Zacks Research raised shares of Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Monday. Wall Street Zen downgraded Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Royal Bank Of Canada upped their target price on Acadian Asset Management from $85.00 to $88.00 and gave the company a “sector perform” rating in a report on Friday, October 30th. Evercore set a $102.00 price target on Acadian Asset Management in a research report on Friday, October 9th. Finally, Morgan Stanley raised Acadian Asset Management from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $97.00 to $110.00 in a report on Thursday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $100.00.

Acadian Asset Management Price Performance

The stock has a fifty day moving average price of $92.39 and a two-hundred day moving average price of $75.22. The company has a market cap of $3.43 billion, a P/E ratio of 28.47 and a beta of 1.29.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.14. Acadian Asset Management had a return on equity of 139.70% and a net margin of 17.02%. The business had revenue of $189.10 million during the quarter. As a group, analysts forecast that Acadian Asset Management Inc. will post 5.73 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Friday, December 11th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Acadian Asset Management’s dividend payout ratio is presently 11.73%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AAMI. Paulson & CO. Inc. acquired a new stake in Acadian Asset Management in the second quarter worth about $417,912,000. BlackRock Inc. acquired a new position in Acadian Asset Management during the 2nd quarter valued at about $320,877,000. Jennison Associates LLC increased its stake in Acadian Asset Management by 5.9% during the 1st quarter. Jennison Associates LLC now owns 2,022,207 shares of the company’s stock valued at $110,049,000 after buying an additional 112,985 shares during the period. Azora Capital LP bought a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $35,474,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Acadian Asset Management by 13.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 419,239 shares of the company’s stock worth $23,561,000 after buying an additional 51,075 shares in the last quarter. 98.69% of the stock is owned by institutional investors and hedge funds.

Acadian Asset Management Company Profile

Acadian Asset Management is a global investment manager specializing in systematic, data-driven investment strategies. Founded in 1986, the firm applies quantitative research and technology to analyze markets and build portfolios. The firm offers investment strategies across global, international and emerging-markets equities, as well as multi-asset and alternative investments. Its offerings include long-only and long-short approaches and customized portfolio solutions for institutional investors and other clients.