Affiliated Managers Group (NYSE:AMG) Price Target Raised to $215.00 at Barrington Research

Affiliated Managers Group (NYSE:AMG) had its price objective raised by Barrington Research from $200.00 to $215.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the asset manager’s stock.

Other research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft boosted their target price on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, TD Cowen lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $198.40.

Affiliated Managers Group Price Performance

Shares of NYSE:AMG opened at $182.63 on Thursday. The business’s fifty day moving average price is $185.22 and its two-hundred day moving average price is $181.11. Affiliated Managers Group has a fifty-two week low of $147.13 and a fifty-two week high of $199.52. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 0.69 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. Research analysts expect that Affiliated Managers Group will post 20.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMG. World Investment Advisors LLC acquired a new position in shares of Affiliated Managers Group during the third quarter valued at $2,592,000. Asset Management One Co. Ltd. raised its holdings in Affiliated Managers Group by 94.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager’s stock worth $1,884,000 after purchasing an additional 5,142 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Affiliated Managers Group during the 3rd quarter valued at about $543,000. Empirical Asset Management LLC boosted its stake in shares of Affiliated Managers Group by 10,522.8% in the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after purchasing an additional 188,568 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Affiliated Managers Group during the 3rd quarter worth approximately $2,130,000. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.