Acadian Asset Management Reports Fourth-Quarter Net Income of $42.5 Million
BOSTON, MA - Acadian Asset Management Inc. (AAMI) reported net income of $42.5 million for the fourth quarter. This equates to earnings per share of $1.13.
On an adjusted basis, excluding non-recurring costs, earnings reached $1.30 per share. The company also reported revenue of $167.8 million during the quarter.
For the full year, Acadian Asset Management recorded a profit of $85 million, translating into earnings per share of $2.22. Revenue for the year stood at $505.6 million.
Since the start of the year, AAMI shares have experienced a moderate decline of over 8%. However, they have appreciated by 17% over the past 12 months.