Affiliated Managers Group, Inc. (NYSE:AMG) Receives $196.50 Consensus Target Price from Analysts

Shares of Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) have received an average rating of "Hold" from the five analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $195.40.

A number of brokerages have recently issued reports on AMG. The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their price objective for the company from $193.00 to $191.00 in a research note on Monday. Barrington Research cut their price target on shares of Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, TD Cowen lowered Affiliated Managers Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th.

Institutional Investors Weigh In On Affiliated Managers Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Ariel Investments LLC raised its holdings in shares of Affiliated Managers Group by 8.7% during the second quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager's stock valued at $225,411,000 after acquiring an additional 115,808 shares in the last quarter. Goodman Financial Corp purchased a new stake in shares of Affiliated Managers Group in the 3rd quarter worth about $14,035,000. Victory Capital Management Inc. boosted its stake in shares of Affiliated Managers Group by 150.1% during the 2nd quarter. Victory Capital Management Inc. now owns 99,407 shares of the asset manager's stock valued at $15,530,000 after purchasing an additional 59,659 shares in the last quarter. Barclays PLC increased its position in shares of Affiliated Managers Group by 261.0% during the third quarter. Barclays PLC now owns 76,488 shares of the asset manager's stock valued at $13,600,000 after buying an additional 55,302 shares during the period. Finally, Bank of Montreal Can raised its stake in Affiliated Managers Group by 328.2% in the third quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager's stock worth $12,420,000 after buying an additional 54,003 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Price Performance

AMG stock traded down $4.02 during mid-day trading on Monday, hitting $184.53. 311,137 shares of the stock were exchanged, compared to its average volume of 226,112. The business has a fifty day moving average price of $186.37 and a 200 day moving average price of $177.55. Affiliated Managers Group has a 12 month low of $145.36 and a 12 month high of $199.52. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.69 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing analysts' consensus estimates of $4.84 by ($0.02). The firm had revenue of $525.20 million for the quarter, compared to analysts' expectations of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The business's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.08 earnings per share. As a group, equities analysts forecast that Affiliated Managers Group will post 20.91 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were paid a $0.01 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group's payout ratio is presently 0.26%.

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.