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

Affiliated Managers Group, Inc. (NYSE:AMG) has received a consensus rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $192.40.

Several equities analysts have recently commented on the company. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Barrington Research lowered their price objective on Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Bank of America reduced their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. TD Cowen decreased their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Finally, StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th.

Hedge Funds Weigh In On Affiliated Managers Group

Several hedge funds have recently bought and sold shares of AMG. Jones Financial Companies Lllp boosted its position in shares of Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after acquiring an additional 62 shares in the last quarter. Versant Capital Management Inc lifted its stake in Affiliated Managers Group by 70.8% during the first quarter. Versant Capital Management Inc now owns 181 shares of the asset manager’s stock worth $30,000 after purchasing an additional 75 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 124 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Affiliated Managers Group in the 3rd quarter valued at $46,000. Finally, UMB Bank n.a. raised its holdings in shares of Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after buying an additional 69 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Trading Up 3.3 %

Shares of Affiliated Managers Group stock opened at $158.45 on Wednesday. Affiliated Managers Group has a 1 year low of $139.22 and a 1 year high of $199.52. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 0.57 and a beta of 1.09. The business has a fifty day simple moving average of $162.81 and a two-hundred day simple moving average of $177.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Research analysts forecast that Affiliated Managers Group will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.26%.

About Affiliated Managers Group

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.