Affiliated Managers Group, Inc. (NYSE:AMG) Receives $198.40 Average PT from Brokerages

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) have been given a consensus rating of “Hold” by the five brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $198.40.

A number of equities analysts recently weighed in on AMG shares. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Barrington Research boosted their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, 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.

Affiliated Managers Group Stock Performance

Shares of NYSE AMG opened at $172.53 on Friday. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 0.57 and a beta of 1.18. The company has a 50 day simple moving average of $173.34 and a two-hundred day simple moving average of $180.24. Affiliated Managers Group has a 12 month low of $147.13 and a 12 month high of $199.52. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61.

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

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.01 dividend. The ex-dividend date of this dividend was 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

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Affiliated Managers Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager’s stock valued at $593,935,000 after buying an additional 31,343 shares during the period. Boston Partners lifted its stake in Affiliated Managers Group by 46.1% during the fourth quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock worth $218,975,000 after purchasing an additional 373,696 shares in the last quarter. Channing Capital Management LLC boosted its position in shares of Affiliated Managers Group by 5.5% during 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 period. LSV Asset Management grew 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 valued at $78,405,000 after buying an additional 187,290 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Affiliated Managers Group in the 4th quarter valued at $68,683,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

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.