Acadian Asset Management (NYSE:AAMI) Declines 0% – Should Investors Consider Selling?

Acadian Asset Management Inc. (NYSE:AAMI) experienced no change in stock price during mid-day trading on Monday, remaining down 0%. The stock saw a low of $25.46 before last trading at $25.85. During this trading session, approximately 482,576 shares exchanged hands, reflecting a significant increase of 143% compared to the average daily trading volume of 198,546 shares. The previous closing price of the stock was $25.86.

Wall Street Analysts Expect Growth

In related news, the Royal Bank of Canada reaffirmed a 'sector perform' rating for Acadian Asset Management and established a price target of $27.00 for its shares in a report issued on February 10th.

Performance Metrics of Acadian Asset Management

Acadian Asset Management has a market capitalization of approximately $969.17 million, and its price-to-earnings ratio stands at 11.54 with a beta of 1.54. Currently, the company's 50-day simple moving average is $25.15.

On February 6th, Acadian Asset Management reported its quarterly earnings, revealing an earnings per share (EPS) of $1.30 for the quarter, which surpassed the consensus estimate of $1.03 by $0.27. The company also reported an impressive return on equity of 1,000.27% and a net margin of 16.81%. Analysts predict that Acadian Asset Management will achieve an EPS of 2.78 for the current fiscal year.

Dividend Details from Acadian Asset Management

The company recently declared a quarterly dividend that was paid on March 28th. Stockholders on record as of March 14th received a dividend of $0.01. This reflects an annualized dividend amount of $0.04, which results in a dividend yield of 0.15%. The current dividend payout ratio stands at 1.79%.

Company Overview of Acadian Asset Management

Acadian Asset Management Inc. is a publicly traded asset management holding company that provides investment services for individuals and institutional clients. It manages focused client portfolios through various subsidiaries and also offers equity mutual funds. The company's investment approach encompasses diverse markets, including public equity, fixed income, and alternative investment sectors through its subsidiaries.

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