Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Acadian Asset Management (AAMI) one of those stocks right now? Let’s take a closer look at the stock’s year-to-date performance to find out.
Acadian Asset Management is one of 848 individual stocks in the Finance sector. Collectively, these companies sit at #2 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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAMI’s full-year earnings has moved 2.1% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.
Based on the most recent data, AAMI has returned 7% so far this year. In comparison, Finance companies have returned an average of -5.6%. This means that Acadian Asset Management is outperforming the sector as a whole this year.
Another Finance stock, which has outperformed the sector so far this year, is BOK Financial (BOKF). The stock has returned 5.9% year-to-date.
Over the past three months, BOK Financial’s consensus EPS estimate for the current year has increased 9.3%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Acadian Asset Management belongs to the Financial – Miscellaneous Services industry, a group that includes 102 individual stocks and currently sits at #142 in the Zacks Industry Rank. Stocks in this group have lost about 15.8% so far this year, so AAMI is performing better this group in terms of year-to-date returns.
In contrast, BOK Financial falls under the Banks – Southwest industry. Currently, this industry has 19 stocks and is ranked #49. Since the beginning of the year, the industry has moved -1.3%.
Investors with an interest in Finance stocks should continue to track Acadian Asset Management and BOK Financial. These stocks will be looking to continue their solid performance.
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Acadian Asset Management Inc. (AAMI) : Free Stock Analysis Report