Affiliated Managers Group, Inc. (NYSE:AMG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $350.1429.

AMG has been the subject of several recent analyst reports. Zacks Research downgraded shares of Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. The Goldman Sachs Group boosted their price target on Affiliated Managers Group from $300.00 to $341.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Affiliated Managers Group in a research note on Wednesday, January 21st. TD Cowen reaffirmed a “buy” rating on shares of Affiliated Managers Group in a research report on Wednesday, January 14th. Finally, Wall Street Zen upgraded Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st.

Affiliated Managers Group Stock Performance

NYSE AMG opened at $282.36 on Friday. The firm has a market capitalization of $7.53 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 0.47 and a beta of 1.18. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. The firm’s fifty day moving average price is $309.35 and its two-hundred day moving average price is $271.89. Affiliated Managers Group has a 1 year low of $139.22 and a 1 year high of $334.78.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Thursday, February 12th. The asset manager reported $9.48 EPS for the quarter, beating analysts’ consensus estimates of $8.75 by $0.73. The company had revenue of $556.60 million during the quarter, compared to the consensus estimate of $578.54 million. Affiliated Managers Group had a net margin of 34.55% and a return on equity of 18.45%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $6.53 EPS. As a group, research analysts anticipate that Affiliated Managers Group will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $0.04 annualized dividend and a yield of 0.0%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.17%.

Insiders Place Their Bets

In other news, COO Thomas M. Wojcik sold 8,000 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $286.30, for a total value of $2,290,400.00. Following the transaction, the chief operating officer directly owned 159,465 shares of the company’s stock, valued at $45,654,829.50. This represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Kavita Padiyar sold 2,200 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $278.24, for a total transaction of $612,128.00. Following the sale, the general counsel owned 42,672 shares of the company’s stock, valued at approximately $11,873,057.28. This represents a 4.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors raised its holdings in Affiliated Managers Group by 3.5% in the 4th quarter. Captrust Financial Advisors now owns 1,003 shares of the asset manager’s stock valued at $289,000 after acquiring an additional 34 shares during the period. AlphaCore Capital LLC grew its position in shares of Affiliated Managers Group by 3.4% in the fourth quarter. AlphaCore Capital LLC now owns 1,083 shares of the asset manager’s stock valued at $312,000 after purchasing an additional 36 shares during the last quarter. Allworth Financial LP grew its position in shares of Affiliated Managers Group by 10.3% in the fourth quarter. Allworth Financial LP now owns 482 shares of the asset manager’s stock valued at $139,000 after purchasing an additional 45 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Affiliated Managers Group by 2.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,400 shares of the asset manager’s stock worth $692,000 after purchasing an additional 46 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in Affiliated Managers Group by 1.4% during the 4th quarter. Quadrant Capital Group LLC now owns 3,220 shares of the asset manager’s stock worth $928,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

About Affiliated Managers Group

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.