Affiliated Managers Group, Inc. Plans Quarterly Dividend of $0.01 (NYSE:AMG)

Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.01 per share by the asset manager on Tuesday, March 4th. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date is Tuesday, February 18th.

Affiliated Managers Group has a dividend payout ratio of 0.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Affiliated Managers Group to earn $26.47 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 0.2%.

Affiliated Managers Group Stock Down 1.5 %

NYSE AMG traded down $2.72 during trading hours on Tuesday, hitting $173.17. 169,372 shares of the company traded hands, compared to its average volume of 198,555. The business's 50-day moving average is $184.62 and its 200-day moving average is $181.30. Affiliated Managers Group has a twelve month low of $147.13 and a twelve month high of $199.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.45 and a current ratio of 2.13. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 0.67 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. Sell-side analysts anticipate that Affiliated Managers Group will post 22.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMG shares. The Goldman Sachs Group lowered Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Barrington Research upped their price objective 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 lowered Affiliated Managers Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $198.40.

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.