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

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

AMG has been the subject of a number of research analyst reports. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, Barrington Research upped their price objective on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th.

Affiliated Managers Group Trading Down 0.8 %

AMG stock opened at $168.02 on Friday. Affiliated Managers Group has a 12 month low of $147.13 and a 12 month high of $199.52. The firm’s 50-day moving average is $173.93 and its 200 day moving average is $180.06. The company has a market capitalization of $4.92 billion, a PE ratio of 11.13, a P/E/G ratio of 0.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results 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%. On average, research analysts anticipate that Affiliated Managers Group will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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

Hedge Funds Weigh In On Affiliated Managers Group

Large investors have recently added to or reduced their stakes in the company. Boston Partners grew its position in shares of Affiliated Managers Group by 46.1% in the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock worth $218,975,000 after buying an additional 373,696 shares during the last quarter. Norges Bank purchased a new position in Affiliated Managers Group in the fourth quarter worth $68,683,000. Empirical Asset Management LLC grew its holdings in Affiliated Managers Group by 10,522.8% in the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock worth $347,000 after purchasing an additional 188,568 shares during the last quarter. LSV Asset Management increased its position in shares of Affiliated Managers Group by 79.1% during the fourth quarter. LSV Asset Management now owns 423,994 shares of the asset manager’s stock worth $78,405,000 after purchasing an additional 187,290 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Affiliated Managers Group by 119.2% during the 4th quarter. Millennium Management LLC now owns 305,497 shares of the asset manager’s stock valued at $56,493,000 after purchasing an additional 166,144 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.