Analysts Set Affiliated Managers Group, Inc. (NYSE:AMG) Target Price at $198.40

Affiliated Managers Group, Inc. (NYSE:AMG) has been given an average rating of “Hold” by the five ratings firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $198.40.

A number of research analysts have weighed in on AMG shares. Barrington Research raised their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the company 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 company from $193.00 to $191.00 in a 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.

Institutional Trading of Affiliated Managers Group

Several large investors have recently bought and sold shares of the business. Natixis Advisors LLC lifted its holdings in shares of Affiliated Managers Group by 3.1% in the third quarter. Natixis Advisors LLC now owns 12,856 shares of the asset manager’s stock worth $2,286,000 after acquiring an additional 383 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in Affiliated Managers Group in the third quarter valued at approximately $47,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Affiliated Managers Group during the third quarter worth $321,000. Foundry Partners LLC increased its holdings in shares of Affiliated Managers Group by 3.0% during the third quarter. Foundry Partners LLC now owns 3,781 shares of the asset manager’s stock worth $672,000 after buying an additional 110 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in shares of Affiliated Managers Group by 20.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 12,428 shares of the asset manager’s stock valued at $2,299,000 after acquiring an additional 2,106 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Up 2.2 %

Shares of AMG stock opened at $171.89 on Friday. Affiliated Managers Group has a 12-month low of $147.13 and a 12-month high of $199.52. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average of $173.80 and a 200-day moving average of $180.23. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts predict that Affiliated Managers Group will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid 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 payout ratio is presently 0.26%.

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.