Affiliated Managers Group, Inc. (NYSE:AMG) Given Consensus Rating of “Hold” by Analysts

Affiliated Managers Group, Inc. (NYSE:AMG) has received a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $198.40.

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

Institutional Investors Weigh In On Affiliated Managers Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its holdings in Affiliated Managers Group by 79.5% during 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 during the last quarter. Ashton Thomas Securities LLC bought a new position in Affiliated Managers Group during the 3rd quarter valued at about $30,000. Private Trust Co. NA lifted its holdings in Affiliated Managers Group by 131.9% during the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 124 shares during the last quarter. UMB Bank n.a. lifted its holdings in Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 69 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Affiliated Managers Group during the 3rd quarter valued at about $46,000. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

Shares of Affiliated Managers Group stock opened at $167.01 on Tuesday. The firm has a fifty day simple moving average of $180.26 and a 200-day simple moving average of $181.12. 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 has a 1-year low of $147.13 and a 1-year high of $199.52. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.57 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Thursday, February 6th. The asset manager reported $6.53 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, sell-side analysts expect that Affiliated Managers Group will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

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