Analysts Set Affiliated Managers Group, Inc. (NYSE:AMG) Price Target at $196.50

Affiliated Managers Group, Inc. (NYSE:AMG) has been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $195.40.

A number of equities research analysts have issued reports on AMG shares. Deutsche Bank Aktiengesellschaft upped 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. TD Cowen cut 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. Barrington Research cut their target price on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group cut 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB grew its stake in Affiliated Managers Group by 6.0% in the fourth quarter. Nordea Investment Management AB now owns 43,018 shares of the asset manager’s stock worth $8,009,000 after purchasing an additional 2,448 shares in the last quarter. GAMMA Investing LLC grew its stake in Affiliated Managers Group by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock worth $164,000 after purchasing an additional 94 shares in the last quarter. Franklin Resources Inc. grew its stake in Affiliated Managers Group by 18.3% in the third quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager’s stock worth $19,363,000 after purchasing an additional 15,746 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Affiliated Managers Group in the third quarter worth approximately $46,000. Finally, World Investment Advisors LLC bought a new position in Affiliated Managers Group in the third quarter worth approximately $2,592,000. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

Shares of AMG stock opened at $180.63 on Monday. Affiliated Managers Group has a 1 year low of $145.36 and a 1 year high of $199.52. The stock’s 50 day simple moving average is $185.76 and its two-hundred day simple moving average is $177.73. The company has a market cap of $5.46 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.69 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The company had revenue of $525.20 million for the quarter, compared to analysts’ expectations of $521.87 million. During the same quarter last year, the company earned $4.08 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts expect that Affiliated Managers Group will post 20.91 EPS for the current year.

Affiliated Managers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.26%.

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.