Analysts Set Affiliated Managers Group, Inc. (NYSE:AMG) Price Target at $198.40

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

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

Affiliated Managers Group Price Performance

Affiliated Managers Group stock opened at $171.09 on Tuesday. Affiliated Managers Group has a 12 month low of $147.13 and a 12 month high of $199.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The business has a 50 day simple moving average of $180.26 and a 200-day simple moving average of $181.03. The stock has a market capitalization of $5.01 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last announced 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 net margin of 25.06% and a return on equity of 16.17%. Equities analysts predict that Affiliated Managers Group will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date is Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio is currently 0.26%.

Institutional Trading of Affiliated Managers Group

Several large investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Affiliated Managers Group in the fourth quarter valued at $8,118,000. Mackenzie Financial Corp grew its stake in Affiliated Managers Group by 50.9% in the 4th quarter. Mackenzie Financial Corp now owns 7,834 shares of the asset manager’s stock valued at $1,449,000 after acquiring an additional 2,642 shares during the last quarter. North Star Asset Management Inc. grew its position in shares of Affiliated Managers Group by 0.6% in the fourth quarter. North Star Asset Management Inc. now owns 101,921 shares of the asset manager’s stock valued at $18,847,000 after purchasing an additional 583 shares during the last quarter. Invst LLC grew its position in shares of Affiliated Managers Group by 2.1% in the fourth quarter. Invst LLC now owns 5,306 shares of the asset manager’s stock valued at $981,000 after purchasing an additional 107 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Affiliated Managers Group in the fourth quarter valued at approximately $6,188,000. 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.