Zacks Research Downgrades Affiliated Managers Group (NYSE:AMG) to Hold

Affiliated Managers Group (NYSE:AMG) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports. Zacks Research also issued estimates for Affiliated Managers Group’s Q1 2026 earnings at $6.40 EPS, Q2 2026 earnings at $6.08 EPS, Q3 2026 earnings at $6.43 EPS, Q4 2026 earnings at $8.96 EPS, FY2026 earnings at $27.88 EPS, Q1 2027 earnings at $7.00 EPS, Q2 2027 earnings at $7.34 EPS, Q3 2027 earnings at $7.96 EPS and FY2027 earnings at $32.20 EPS.

A number of other equities research analysts have also recently issued reports on AMG. TD Cowen upped their price objective on shares of Affiliated Managers Group to $485.00 and gave the stock a “buy” rating in a report on Monday. Bank of America boosted their price target on Affiliated Managers Group to $335.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Wall Street Zen lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of Affiliated Managers Group in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their target price on Affiliated Managers Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $328.67.

Affiliated Managers Group Trading Down 0.8%

Shares of NYSE AMG opened at $273.29 on Monday. The business has a 50 day simple moving average of $254.97 and a 200 day simple moving average of $227.85. Affiliated Managers Group has a 52 week low of $139.22 and a 52 week high of $283.21. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.62 and a beta of 1.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, November 3rd. The asset manager reported $6.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.88 by $0.22. The firm had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $543.39 million. Affiliated Managers Group had a net margin of 26.01% and a return on equity of 16.75%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.82 earnings per share. On average, research analysts predict that Affiliated Managers Group will post 22.86 earnings per share for the current fiscal year.

Institutional Trading of Affiliated Managers Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its position in Affiliated Managers Group by 314.3% in the first quarter. Millennium Management LLC now owns 1,265,655 shares of the asset manager’s stock worth $212,668,000 after purchasing an additional 960,158 shares during the period. Norges Bank bought a new stake in Affiliated Managers Group in the 2nd quarter valued at $71,779,000. Balyasny Asset Management L.P. raised its stake in shares of Affiliated Managers Group by 3,811.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 311,383 shares of the asset manager’s stock valued at $61,271,000 after buying an additional 303,423 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Affiliated Managers Group during the 3rd quarter worth about $70,356,000. Finally, UBS Group AG boosted its position in shares of Affiliated Managers Group by 97.4% during the 3rd quarter. UBS Group AG now owns 350,212 shares of the asset manager’s stock valued at $83,501,000 after acquiring an additional 172,771 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

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.