Acadian Asset Management (NYSE:AAMI) Price Target Raised to $30.00

Acadian Asset Management (NYSE:AAMI) had its price objective lifted by Morgan Stanley from $27.00 to $30.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Separately, Evercore ISI decreased their price target on shares of Acadian Asset Management from $25.00 to $23.00 and set an “in-line” rating for the company in a research note on Friday, April 11th.

Acadian Asset Management Stock Up 2.3%

Shares of AAMI stock opened at $37.58 on Wednesday. Acadian Asset Management has a 52-week low of $21.49 and a 52-week high of $37.58. The stock has a 50-day moving average price of $30.94. The company has a market cap of $1.34 billion, a P/E ratio of 15.59 and a beta of 1.36.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. Acadian Asset Management had a net margin of 17.41% and a return on equity of 299.86%. As a group, research analysts predict that Acadian Asset Management will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 16th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, June 13th. This represents a dividend yield of 0.13%. Acadian Asset Management’s payout ratio is currently 1.66%.

About Acadian Asset Management

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.