Affiliated Managers Group, Inc. (NYSE:AMG) Receives Average Rating of “Hold” from Analysts

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) have been given an average rating of “Hold” by the five ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $195.40.

AMG has been the topic of several recent analyst reports. Barrington Research decreased their price objective on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, TD Cowen lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th.

Affiliated Managers Group Stock Down 2.2 %

Shares of Affiliated Managers Group stock opened at $176.87 on Monday. The firm has a market cap of $5.35 billion, a PE ratio of 11.54, a P/E/G ratio of 0.69 and a beta of 1.15. Affiliated Managers Group has a twelve month low of $145.36 and a twelve month high of $199.52. The business has a 50-day moving average price of $185.16 and a 200 day moving average price of $178.15.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The business had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. During the same period in the previous year, the company earned $4.08 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts expect that Affiliated Managers Group will post 20.91 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group’s payout ratio is 0.26%.

Institutional Trading of Affiliated Managers Group

Several large investors have recently added to or reduced their stakes in AMG. Natixis Advisors LLC boosted its position in shares of Affiliated Managers Group by 3.0% during the 2nd quarter. Natixis Advisors LLC now owns 12,473 shares of the asset manager’s stock valued at $1,949,000 after acquiring an additional 368 shares during the last quarter. National Bank of Canada FI boosted its holdings in Affiliated Managers Group by 34.2% in the 2nd quarter. National Bank of Canada FI now owns 3,157 shares of the asset manager’s stock valued at $489,000 after purchasing an additional 805 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Affiliated Managers Group by 150.1% in the 2nd quarter. Victory Capital Management Inc. now owns 99,407 shares of the asset manager’s stock valued at $15,530,000 after buying an additional 59,659 shares during the period. Foundry Partners LLC acquired a new stake in shares of Affiliated Managers Group during the 2nd quarter worth approximately $574,000. Finally, Los Angeles Capital Management LLC raised its position in shares of Affiliated Managers Group by 12.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 58,659 shares of the asset manager’s stock valued at $9,164,000 after buying an additional 6,616 shares during the period. 95.30% of the stock is currently 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.