Acadian Asset Management’s (AAMI) “Sector Perform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Acadian Asset Management (NYSE:AAMI) in a research note issued to investors on Monday morning,Benzinga reports. They currently have a $27.00 price target on the stock.

Acadian Asset Management Price Performance

Shares of Acadian Asset Management stock opened at $25.08 on Monday. The firm has a market cap of $935.99 million, a price-to-earnings ratio of 11.20 and a beta of 1.46. Acadian Asset Management has a 52 week low of $20.28 and a 52 week high of $31.52.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.30 EPS 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%. As a group, sell-side analysts forecast that Acadian Asset Management will post 2.62 EPS for the current year.

Acadian Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Friday, March 14th. Acadian Asset Management’s dividend payout ratio (DPR) is presently 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.