Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. 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? 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 one of 873 individual stocks in the Finance sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Acadian Asset Management is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, 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 latest available data, AAMI has gained about 99.6% so far this year. In comparison, Finance companies have returned an average of 3.4%. As we can see, Acadian Asset Management is performing better than its sector in the calendar year.
One other Finance stock that has outperformed the sector so far this year is Grupo Aval Acciones y Valores S.A. (AVAL). The stock is up 18.3% year-to-date.
For Grupo Aval Acciones y Valores S.A., the consensus EPS estimate for the current year has increased 7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Acadian Asset Management is a member of the Financial - Miscellaneous Services industry, which includes 115 individual companies and currently sits at #110 in the Zacks Industry Rank. On average, this group has lost an average of 12.4% so far this year, meaning that AAMI is performing better in terms of year-to-date returns.
In contrast, Grupo Aval Acciones y Valores S.A. falls under the Financial - Investment Management industry. Currently, this industry has 37 stocks and is ranked #99. Since the beginning of the year, the industry has moved -11.9%.
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.
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Acadian Asset Management Inc. (AAMI): Free Stock Analysis Report
Grupo Aval Acciones y Valores S.A. (AVAL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).