Affiliated Managers Group (NYSE:AMG) Given New $215.00 Price Target at Barrington Research

Affiliated Managers Group (NYSE:AMG) had its target price upped by Barrington Research from $200.00 to $215.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the asset manager’s stock.

AMG has been the topic of several other research reports. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. TD Cowen lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $198.40.

Affiliated Managers Group Trading Up 0.1 %

Affiliated Managers Group stock opened at $182.63 on Thursday. The firm has a market capitalization of $5.52 billion, a P/E ratio of 11.91, a PEG ratio of 0.69 and a beta of 1.15. The business has a 50-day moving average of $185.22 and a 200-day moving average of $181.11. Affiliated Managers Group has a 1 year low of $147.13 and a 1 year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data 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 net margin of 27.02% and a return on equity of 16.76%. Research analysts anticipate that Affiliated Managers Group will post 20.9 EPS for the current fiscal year.

Institutional Trading of Affiliated Managers Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of Affiliated Managers Group by 79.5% during the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after buying an additional 62 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Affiliated Managers Group during the 3rd quarter worth approximately $30,000. UMB Bank n.a. grew its stake in shares of Affiliated Managers Group by 481.3% during the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock worth $33,000 after acquiring an additional 154 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Affiliated Managers Group by 131.9% during the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock worth $40,000 after acquiring an additional 124 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Affiliated Managers Group in the third quarter valued at approximately $46,000. Institutional investors and hedge funds 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.