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

Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) has received an average recommendation of "Hold" from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $198.40.

Several equities research analysts have weighed in on the stock. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Barrington Research boosted their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $193.00 to $191.00 in a report on Monday, January 6th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. World Investment Advisors LLC bought a new position in Affiliated Managers Group in the third quarter worth $2,592,000. Charles Schwab Investment Management Inc. lifted its position in Affiliated Managers Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock valued at $61,228,000 after acquiring an additional 2,264 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in Affiliated Managers Group during the 3rd quarter valued at about $543,000. Empirical Asset Management LLC boosted its stake in Affiliated Managers Group by 10,522.8% during the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock worth $347,000 after acquiring an additional 188,568 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Affiliated Managers Group by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager's stock worth $21,937,000 after purchasing an additional 5,436 shares during the period. Hedge funds and other institutional investors own 95.30% of the company's stock.

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Affiliated Managers Group Trading Up 0.7 %

Affiliated Managers Group stock traded up $1.16 during mid-day trading on Friday, hitting $172.97. The company's stock had a trading volume of 219,128 shares, compared to its average volume of 229,510. The business has a 50 day moving average price of $173.80 and a 200-day moving average price of $180.23. 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 has a 12 month low of $147.13 and a 12 month high of $199.52. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share 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%. As a group, analysts forecast that Affiliated Managers Group will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.01 per share. 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 (DPR) is 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.