We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Acadian Asset Management Inc. (AAMI) Stock Outpacing Its Finance Peers This Year?
Read MoreHide Full Article
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Acadian Asset Management (AAMI - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Acadian Asset Management is a member of the Finance sector. This group includes 870 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Acadian Asset Management is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AAMI's full-year earnings has moved 17% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, AAMI has returned 82.8% so far this year. In comparison, Finance companies have returned an average of 14.6%. This means that Acadian Asset Management is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is Citigroup (C - Free Report) . The stock is up 44.2% year-to-date.
For Citigroup, the consensus EPS estimate for the current year has increased 4.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Acadian Asset Management belongs to the Financial - Miscellaneous Services industry, which includes 103 individual stocks and currently sits at #72 in the Zacks Industry Rank. Stocks in this group have gained about 5.2% so far this year, so AAMI is performing better this group in terms of year-to-date returns.
In contrast, Citigroup falls under the Financial - Investment Bank industry. Currently, this industry has 21 stocks and is ranked #29. Since the beginning of the year, the industry has moved +30.7%.
Investors interested in the Finance sector may want to keep a close eye on Acadian Asset Management and Citigroup as they attempt to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Acadian Asset Management Inc. (AAMI) Stock Outpacing Its Finance Peers This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Acadian Asset Management (AAMI - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Acadian Asset Management is a member of the Finance sector. This group includes 870 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Acadian Asset Management is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AAMI's full-year earnings has moved 17% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, AAMI has returned 82.8% so far this year. In comparison, Finance companies have returned an average of 14.6%. This means that Acadian Asset Management is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is Citigroup (C - Free Report) . The stock is up 44.2% year-to-date.
For Citigroup, the consensus EPS estimate for the current year has increased 4.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Acadian Asset Management belongs to the Financial - Miscellaneous Services industry, which includes 103 individual stocks and currently sits at #72 in the Zacks Industry Rank. Stocks in this group have gained about 5.2% so far this year, so AAMI is performing better this group in terms of year-to-date returns.
In contrast, Citigroup falls under the Financial - Investment Bank industry. Currently, this industry has 21 stocks and is ranked #29. Since the beginning of the year, the industry has moved +30.7%.
Investors interested in the Finance sector may want to keep a close eye on Acadian Asset Management and Citigroup as they attempt to continue their solid performance.