Affiliated Managers Group, Inc. (NYSE:AMG) Receives Consensus Recommendation of “Hold” from Brokerages

Affiliated Managers Group, Inc. (NYSE:AMG) has been assigned an average rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $198.40.

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

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $166.03 on Tuesday. The firm’s fifty day simple moving average is $181.37 and its 200 day simple moving average is $181.07. The company has a current ratio of 2.13, a quick ratio of 0.45 and a debt-to-equity ratio of 0.61. Affiliated Managers Group has a twelve month low of $147.13 and a twelve month high of $199.52. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.59 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. As a group, equities research analysts expect that Affiliated Managers Group will post 22.85 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. 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%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its stake in shares of Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Affiliated Managers Group in the third quarter valued at about $30,000. Private Trust Co. NA increased its holdings in Affiliated Managers Group by 131.9% in the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after buying an additional 124 shares during the last quarter. UMB Bank n.a. raised its stake in Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after buying an additional 69 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Affiliated Managers Group during the 3rd quarter worth approximately $46,000. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Company Profile

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.