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) Outperforming Other Finance Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Acadian Asset Management (AAMI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Acadian Asset Management is a member of our Finance group, which includes 875 different companies and currently sits at #4 in the Zacks Sector Rank. 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 4.8% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, AAMI has moved about 95.4% on a year-to-date basis. In comparison, Finance companies have returned an average of 7.6%. This means that Acadian Asset Management is outperforming the sector as a whole this year.
Citigroup (C - Free Report) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 18%.
For Citigroup, the consensus EPS estimate for the current year has increased 5.2% 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 115 individual stocks and currently sits at #99 in the Zacks Industry Rank. On average, this group has lost an average of 10% so far this year, meaning that AAMI is performing better in terms of year-to-date returns.
On the other hand, Citigroup belongs to the Financial - Investment Bank industry. This 22-stock industry is currently ranked #42. The industry has moved +12.4% year to date.
Acadian Asset Management and Citigroup could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Is Acadian Asset Management Inc. (AAMI) Outperforming Other Finance Stocks This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Acadian Asset Management (AAMI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Acadian Asset Management is a member of our Finance group, which includes 875 different companies and currently sits at #4 in the Zacks Sector Rank. 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 4.8% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, AAMI has moved about 95.4% on a year-to-date basis. In comparison, Finance companies have returned an average of 7.6%. This means that Acadian Asset Management is outperforming the sector as a whole this year.
Citigroup (C - Free Report) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 18%.
For Citigroup, the consensus EPS estimate for the current year has increased 5.2% 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 115 individual stocks and currently sits at #99 in the Zacks Industry Rank. On average, this group has lost an average of 10% so far this year, meaning that AAMI is performing better in terms of year-to-date returns.
On the other hand, Citigroup belongs to the Financial - Investment Bank industry. This 22-stock industry is currently ranked #42. The industry has moved +12.4% year to date.
Acadian Asset Management and Citigroup could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.