Brokerages Set Acadian Asset Management Inc. (NYSE:AAMI) Target Price at $47.67

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have earned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $47.6667.

AAMI has been the topic of several research analyst reports. Evercore ISI set a $52.00 price target on Acadian Asset Management in a research report on Thursday, November 6th. Morgan Stanley lifted their price objective on shares of Acadian Asset Management from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Zacks Research downgraded shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Finally, Wall Street Zen cut Acadian Asset Management from a “buy” rating to a “hold” rating in a research note on Sunday.

Acadian Asset Management Trading Down 0.1%

NYSE:AAMI opened at $54.47 on Thursday. The stock has a 50 day moving average of $47.10 and a 200-day moving average of $45.87. The firm has a market capitalization of $1.95 billion, a PE ratio of 22.98 and a beta of 1.31. Acadian Asset Management has a 52 week low of $22.60 and a 52 week high of $55.10.

Acadian Asset Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, December 12th. Acadian Asset Management’s payout ratio is currently 1.69%.

Institutional Trading of Acadian Asset Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAMI. Paulson & CO. Inc. bought a new stake in Acadian Asset Management in the second quarter valued at $315,402,000. Jennison Associates LLC bought a new stake in shares of Acadian Asset Management in the 2nd quarter valued at $73,690,000. Impax Asset Management Group plc acquired a new stake in shares of Acadian Asset Management during the second quarter worth $35,240,000. William Blair Investment Management LLC acquired a new stake in Acadian Asset Management in the 2nd quarter valued at approximately $25,094,000. Finally, Geode Capital Management LLC bought a new position in Acadian Asset Management in the second quarter valued at $22,116,000. Institutional investors own 98.69% of the company’s stock.

About Acadian Asset Management

Acadian Asset Management is a global investment management firm specializing in quantitative research and systematic strategies. Since its founding in 1986, the firm has developed data-driven models designed to identify and capture investment opportunities across equity and fixed income markets. By integrating advanced analytics, proprietary risk management tools and a disciplined investment process, Acadian seeks to deliver consistent performance for institutional clients.

The firm’s core offerings include institutional equity portfolios, fixed income strategies and multi-asset solutions.