Affiliated Managers Group, Inc. (NYSE:AMG) Receives $198.40 Consensus Target Price from Brokerages

Affiliated Managers Group, Inc. (NYSE:AMG) has earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $198.40.

A number of research analysts recently commented on AMG shares. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Barrington Research boosted their price objective on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th.

Institutional Trading of Affiliated Managers Group

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Affiliated Managers Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager’s stock worth $593,935,000 after acquiring an additional 31,343 shares in the last quarter. Boston Partners lifted its stake in shares of Affiliated Managers Group by 46.1% in the fourth 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 last quarter. Channing Capital Management LLC lifted its stake in shares of Affiliated Managers Group by 5.5% in the fourth 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 last quarter. LSV Asset Management lifted its stake in shares of Affiliated Managers Group by 79.1% in the fourth quarter. LSV Asset Management now owns 423,994 shares of the asset manager’s stock worth $78,405,000 after buying an additional 187,290 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Affiliated Managers Group in the fourth quarter worth $68,683,000. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock opened at $167.01 on Tuesday. The firm’s 50 day simple moving average is $180.26 and its 200-day simple moving average is $181.12. The company has a market cap of $4.89 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. 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 has a fifty-two week low of $147.13 and a fifty-two week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share 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%. As a group, equities research analysts predict that Affiliated Managers Group will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date is Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio is 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.