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

Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) has been assigned an average rating of "Hold" from the five research firms that are covering the company, MarketBeat reports. Three 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 objective among brokerages that have updated their coverage on the stock in the last year is $192.40.

A number of equities research analysts have commented on the company. Barrington Research reduced their target price on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Bank of America lowered their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group lowered Affiliated Managers Group from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Finally, TD Cowen decreased their target price on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th.

Institutional Trading of Affiliated Managers Group

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its position in shares of Affiliated Managers Group by 785.2% in the first quarter. Farther Finance Advisors LLC now owns 1,859 shares of the asset manager's stock worth $315,000 after buying an additional 1,649 shares during the period. Wedge Capital Management L L P NC boosted its holdings in Affiliated Managers Group by 16.5% in the 1st quarter. Wedge Capital Management L L P NC now owns 8,534 shares of the asset manager's stock worth $1,434,000 after acquiring an additional 1,207 shares during the period. Parallel Advisors LLC grew its position in Affiliated Managers Group by 6.8% in the first quarter. Parallel Advisors LLC now owns 1,170 shares of the asset manager's stock valued at $197,000 after acquiring an additional 75 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Affiliated Managers Group by 14,091.8% during the first quarter. GAMMA Investing LLC now owns 126,023 shares of the asset manager's stock valued at $21,176,000 after purchasing an additional 125,135 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Affiliated Managers Group by 70.8% during the first quarter. Versant Capital Management Inc now owns 181 shares of the asset manager's stock worth $30,000 after purchasing an additional 75 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Performance

Shares of NYSE:AMG traded up $0.45 during midday trading on Wednesday, hitting $156.05. The stock had a trading volume of 190,778 shares, compared to its average volume of 236,438. Affiliated Managers Group has a 1 year low of $139.22 and a 1 year high of $199.52. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average price of $163.28 and a two-hundred day moving average price of $178.09. The company has a market capitalization of $4.57 billion, a PE ratio of 10.33, a P/E/G ratio of 0.57 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating analysts' consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. As a group, equities analysts predict that Affiliated Managers Group will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.26%.

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.