Affiliated Managers Group, Inc. (NYSE:AMG) Receives Average Rating of “Hold” from Brokerages

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) have earned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $198.40.

A number of research firms have recently commented on AMG. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, Barrington Research raised 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, February 6th.

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $167.44 on Friday. Affiliated Managers Group has a 52-week low of $147.13 and a 52-week high of $199.52. The business’s fifty day moving average is $172.65 and its 200 day moving average is $180.19. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.57 and a beta of 1.18.

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, 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%. Research analysts predict that Affiliated Managers Group will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.26%.

Hedge Funds Weigh In On Affiliated Managers Group

Several institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp raised its position in Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after purchasing an additional 62 shares during the period. Private Trust Co. NA lifted its stake in shares of Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after acquiring an additional 124 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Affiliated Managers Group during the 3rd quarter valued at about $46,000. Prospera Private Wealth LLC bought a new position in Affiliated Managers Group during the 3rd quarter worth approximately $47,000. Finally, UMB Bank n.a. grew its position 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 worth $47,000 after acquiring an additional 69 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

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.