Brokerages Set Affiliated Managers Group, Inc. (NYSE:AMG) PT at $195.40

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

A number of brokerages have commented on AMG. Barrington Research cut their price target on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. TD Cowen downgraded 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. Deutsche Bank Aktiengesellschaft boosted their price target 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. Finally, The Goldman Sachs Group downgraded shares of 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 report on Monday, January 6th.

Affiliated Managers Group Stock Performance

AMG opened at $182.12 on Friday. The business’s 50-day simple moving average is $185.46 and its 200 day simple moving average is $181.09. The firm has a market capitalization of $5.51 billion, a PE ratio of 11.88, a PEG ratio of 0.69 and a beta of 1.15. Affiliated Managers Group has a 52-week low of $147.13 and a 52-week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing the consensus estimate of $4.84 by ($0.02). The company had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.08 EPS. On average, research analysts forecast that Affiliated Managers Group will post 20.9 earnings per share for the current year.

Hedge Funds Weigh In On Affiliated Managers Group

Hedge funds have recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in Affiliated Managers Group in the 3rd quarter valued at $30,000. UMB Bank n.a. raised its stake in Affiliated Managers Group by 481.3% in the third quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 154 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Affiliated Managers Group during the third quarter worth about $46,000. Prospera Private Wealth LLC acquired a new stake in Affiliated Managers Group during the third quarter worth about $47,000. Finally, Brooklyn Investment Group bought a new position in Affiliated Managers Group in the 3rd quarter valued at about $49,000. 95.30% of the stock is owned by institutional investors.

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.