Affiliated Managers Group, Inc. (NYSE:AMG) Given Average Recommendation of “Hold” by Analysts

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $198.40.

A number of analysts recently commented on the company. Barrington Research raised their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th.

Affiliated Managers Group Price Performance

AMG stock opened at $167.44 on Friday. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.57 and a beta of 1.18. The firm’s 50-day moving average price is $172.65 and its two-hundred day moving average price is $180.19. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group has a 12-month low of $147.13 and a 12-month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. As a group, equities analysts predict that Affiliated Managers Group will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio is currently 0.26%.

Institutional Trading of Affiliated Managers Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp increased its position in Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock valued at $26,000 after buying an additional 62 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Affiliated Managers Group by 131.9% in the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock worth $40,000 after acquiring an additional 124 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Affiliated Managers Group during the third quarter valued at $46,000. Prospera Private Wealth LLC purchased a new position in shares of Affiliated Managers Group in the 3rd quarter worth about $47,000. Finally, UMB Bank n.a. boosted its stake in Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after purchasing an additional 69 shares in the last quarter. 95.30% of the stock is owned by hedge funds and other 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.