Affiliated Managers Group, Inc. (NYSE:AMG) Receives $195.40 Consensus Target Price from Brokerages

Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) has received a consensus recommendation of "Hold" from the five analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $195.40.

Several research analysts recently issued reports on AMG shares. TD Cowen cut Affiliated Managers Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. 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 research note on Monday, January 6th. Barrington Research dropped their price objective on Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective 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.

Affiliated Managers Group Trading Down 2.2 %

Shares of NYSE AMG traded down $4.22 during midday trading on Friday, hitting $183.72. The company's stock had a trading volume of 221,748 shares, compared to its average volume of 188,717. The business's 50 day moving average is $185.72 and its two-hundred day moving average is $180.89. Affiliated Managers Group has a 12-month low of $147.13 and a 12-month high of $199.52. The firm has a market cap of $5.55 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 0.69 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The business had revenue of $525.20 million during the quarter, compared to analysts' expectations of $521.87 million. During the same quarter in the previous year, the company posted $4.08 earnings per share. The company's quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that Affiliated Managers Group will post 20.9 earnings per share for the current fiscal year.

Institutional Trading of Affiliated Managers Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. World Investment Advisors LLC acquired a new stake in shares of Affiliated Managers Group in the 3rd quarter worth $2,592,000. Asset Management One Co. Ltd. boosted its position in shares of Affiliated Managers Group by 94.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager's stock worth $1,884,000 after purchasing an additional 5,142 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Affiliated Managers Group in the 3rd quarter worth $543,000. Empirical Asset Management LLC boosted its position in shares of Affiliated Managers Group by 10,522.8% in the 4th 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 in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Affiliated Managers Group in the 3rd quarter worth $2,130,000. Institutional investors own 95.30% of the company's stock.

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.