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

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) have received a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $192.40.

AMG has been the subject of a number of research reports. Barrington Research decreased their target price on shares of Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Bank of America decreased 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 note on Thursday, April 3rd. Wall Street Zen upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 31st. Cowen restated a “hold” rating on shares of Affiliated Managers Group in a research note on Wednesday, May 14th. Finally, TD Cowen reduced their price objective on Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th.

Affiliated Managers Group Price Performance

Shares of AMG opened at $182.86 on Thursday. The firm has a market cap of $5.20 billion, a PE ratio of 12.11, a P/E/G ratio of 0.57 and a beta of 1.08. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $168.68 and a two-hundred day simple moving average of $174.73. Affiliated Managers Group has a 1-year low of $139.22 and a 1-year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Thursday, May 8th. The asset manager reported $5.20 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $0.10. The business had revenue of $496.60 million during the quarter, compared to analyst estimates of $508.00 million. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. During the same period in the previous year, the business earned $5.37 EPS. On average, equities analysts anticipate that Affiliated Managers Group will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.30%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Affiliated Managers Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager’s stock worth $593,935,000 after buying an additional 31,343 shares during the period. Clarkston Capital Partners LLC boosted its holdings in Affiliated Managers Group by 0.8% in the 1st quarter. Clarkston Capital Partners LLC now owns 1,585,324 shares of the asset manager’s stock worth $266,382,000 after buying an additional 13,135 shares during the period. Millennium Management LLC boosted its holdings in Affiliated Managers Group by 314.3% in the 1st quarter. Millennium Management LLC now owns 1,265,655 shares of the asset manager’s stock worth $212,668,000 after buying an additional 960,158 shares during the period. Boston Partners boosted its holdings in Affiliated Managers Group by 46.1% in the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock worth $218,975,000 after buying an additional 373,696 shares during the period. Finally, Channing Capital Management LLC boosted its holdings in Affiliated Managers Group by 5.5% in the 4th quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager’s stock worth $95,156,000 after buying an additional 26,654 shares during the period. Institutional investors own 95.30% of the company’s stock.

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.