Acadian Asset Management (NYSE:AAMI) Receives “Sector Perform” Rating from Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Acadian Asset Management (NYSE:AAMI) in a report released on Monday morning,Benzinga reports. They currently have a $27.00 target price on the stock.

Acadian Asset Management Price Performance

Shares of AAMI opened at $25.18 on Monday. The company has a market cap of $939.72 million, a price-to-earnings ratio of 11.24 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 earnings results on Thursday, February 6th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.27. Acadian Asset Management had a return on equity of 1,000.27% and a net margin of 16.81%. Analysts expect that Acadian Asset Management will post 2.62 EPS for the current year.

Acadian Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Friday, March 14th. Acadian Asset Management’s dividend payout ratio is presently 1.79%.

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.