Acadian Asset Management (NYSE:AAMI) Trading Down 5.2% – Should You Sell?

Acadian Asset Management Inc. (NYSE:AAMI)’s share price was down 5.2% during trading on Wednesday . The company traded as low as $24.94 and last traded at $25.02. Approximately 50,181 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 163,833 shares. The stock had previously closed at $26.40.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 price objective on shares of Acadian Asset Management in a research report on Monday.

Acadian Asset Management Stock Down 4.2 %

The company has a market capitalization of $944.20 million, a P/E ratio of 11.29 and a beta of 1.46.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Thursday, February 6th. The company reported $1.30 earnings per share (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 Inc. will post 2.62 EPS for the current year.

Acadian Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.16%. 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.