Acadian Asset Management (NYSE:AAMI) Given New $23.00 Price Target at Evercore ISI

Acadian Asset Management (NYSE:AAMI) had its target price decreased by Evercore ISI from $25.00 to $23.00 in a report issued on Friday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

AAMI has been the topic of a number of other research reports. Morgan Stanley raised Acadian Asset Management from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $25.00 to $26.00 in a report on Monday, April 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 price target on shares of Acadian Asset Management in a research report on Monday, February 10th.

Acadian Asset Management Price Performance

AAMI opened at $26.12 on Friday. The stock has a market capitalization of $968.16 million, a PE ratio of 11.66 and a beta of 1.35. The firm’s 50 day moving average is $25.13. Acadian Asset Management has a twelve month low of $21.45 and a twelve month high of $31.52.

Acadian Asset Management (NYSE:AAMI) last announced its earnings results on Thursday, February 6th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.27. Acadian Asset Management had a net margin of 16.81% and a return on equity of 1,000.27%. On average, equities analysts predict that Acadian Asset Management will post 2.78 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.01 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.15%. Acadian Asset Management’s dividend payout ratio (DPR) 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.