Affiliated Managers Group, Inc. (NYSE:AMG) Receives $196.50 Consensus Price Target from Analysts

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) have received a consensus rating of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $195.40.

A number of brokerages recently weighed in on AMG. TD Cowen downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Barrington Research lowered their price target 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 lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, November 11th.

Hedge Funds Weigh In On Affiliated Managers Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC increased its holdings in Affiliated Managers Group by 3.0% in the 2nd quarter. Natixis Advisors LLC now owns 12,473 shares of the asset manager’s stock valued at $1,949,000 after purchasing an additional 368 shares during the last quarter. National Bank of Canada FI raised its holdings in Affiliated Managers Group by 34.2% in the second quarter. National Bank of Canada FI now owns 3,157 shares of the asset manager’s stock valued at $489,000 after acquiring an additional 805 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Affiliated Managers Group by 150.1% in the second quarter. Victory Capital Management Inc. now owns 99,407 shares of the asset manager’s stock worth $15,530,000 after acquiring an additional 59,659 shares during the last quarter. Foundry Partners LLC acquired a new position in Affiliated Managers Group during the 2nd quarter worth approximately $574,000. Finally, Los Angeles Capital Management LLC increased its position in shares of Affiliated Managers Group by 12.7% in 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 purchasing an additional 6,616 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Performance

AMG opened at $176.87 on Monday. The stock’s 50 day moving average price is $185.50 and its 200-day moving average price is $177.75. Affiliated Managers Group has a one year low of $145.36 and a one year high of $199.52. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 0.69 and a beta of 1.15.

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

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. 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.