The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Acadian Asset Management (AAMI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock’s year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
Acadian Asset Management is a member of the Finance sector. This group includes 890 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. 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 7.8% 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 93.8% so far this year. Meanwhile, the Finance sector has returned an average of 2.4% on a year-to-date basis. This means that Acadian Asset Management is performing better than its sector in terms of year-to-date returns.
Another Finance stock, which has outperformed the sector so far this year, is Grupo Aval Acciones y Valores S.A. (AVAL). The stock has returned 21% year-to-date.
In Grupo Aval Acciones y Valores S.A.’s case, the consensus EPS estimate for the current year increased 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 113 individual stocks and currently sits at #170 in the Zacks Industry Rank. On average, this group has lost an average of 16.7% so far this year, meaning that AAMI is performing better in terms of year-to-date returns.
On the other hand, Grupo Aval Acciones y Valores S.A. belongs to the Financial – Investment Management industry. This 36-stock industry is currently ranked #183. The industry has moved -15.6% year to date.
Going forward, investors interested in Finance stocks should continue to pay close attention to Acadian Asset Management and Grupo Aval Acciones y Valores S.A. as they could maintain their solid performance.
Source: finance.yahoo.com
