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

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) have received a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $198.40.

Several analysts recently commented on AMG shares. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $193.00 to $191.00 in a report on Monday, January 6th. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Barrington Research upped their price target 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new position in shares of Affiliated Managers Group during the third quarter worth approximately $2,592,000. Charles Schwab Investment Management Inc. raised its holdings in Affiliated Managers Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock worth $61,228,000 after buying an additional 2,264 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Affiliated Managers Group in the third quarter valued at $543,000. Empirical Asset Management LLC grew its holdings in shares of Affiliated Managers Group by 10,522.8% during the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after buying an additional 188,568 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Affiliated Managers Group by 4.8% during the fourth quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager’s stock worth $21,937,000 after acquiring an additional 5,436 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Up 2.2 %

Shares of NYSE AMG opened at $171.89 on Friday. The company has a 50 day simple moving average of $173.80 and a 200 day simple moving average of $180.23. 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 1 year low of $147.13 and a 1 year high of $199.52. The firm has a market cap of $5.03 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast that Affiliated Managers Group will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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