Acadian Asset Management Inc. (AAMI) to Issue Quarterly Dividend of $0.01 on March 28th

Acadian Asset Management Inc. (NYSE:AAMI) announced a quarterly dividend on Thursday, February 6th, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.01 per share on Friday, March 28th. This represents a $0.04 annualized dividend and a yield of 0.17%. The ex-dividend date is Friday, March 14th.

Acadian Asset Management Stock Up 1.4 %

Shares of AAMI stock opened at $23.96 on Wednesday. Acadian Asset Management has a 1-year low of $21.45 and a 1-year high of $31.52. The stock has a market cap of $898.31 million, a price-to-earnings ratio of 10.70 and a beta of 1.54.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.30 earnings per share for the quarter, topping 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%. Equities research analysts anticipate that Acadian Asset Management will post 2.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $27.00 price objective on shares of Acadian Asset Management in a research note on Monday, February 10th.

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.