Affiliated Managers Group, Inc. Announces Quarterly Dividend of $0.01 (NYSE:AMG)

Affiliated Managers Group, Inc. (NYSE:AMG) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.01 per share by the asset manager on Tuesday, March 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date is Tuesday, February 18th.

Affiliated Managers Group has a dividend payout ratio of 0.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Affiliated Managers Group to earn $22.83 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 0.2%.

Affiliated Managers Group Stock Performance

NYSE AMG opened at $178.61 on Friday. The stock has a market capitalization of $5.40 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.69 and a beta of 1.15. The business’s fifty day moving average is $185.03 and its two-hundred day moving average is $181.16. 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 announced its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. On average, research analysts forecast that Affiliated Managers Group will post 20.9 earnings per share for the current year.

Analysts Set New Price Targets

AMG has been the subject of several recent analyst reports. TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft increased their target price on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Barrington Research lifted their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $198.40.

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.