Affiliated Managers Group (NYSE:AMG) Issues Earnings Results

Affiliated Managers Group (NYSE:AMG - Get Free Report) announced its quarterly earnings data on Thursday. The asset manager reported $6.53 EPS for the quarter, beating the consensus estimate of $6.03 by $0.50, Zacks reports. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%.

Affiliated Managers Group Stock Down 1.3 %

AMG traded down $2.38 during trading on Monday, hitting $176.22. 250,653 shares of the company's stock were exchanged, compared to its average volume of 199,679. The stock has a market cap of $5.33 billion, a P/E ratio of 11.67, a PEG ratio of 0.67 and a beta of 1.15. The business's 50 day moving average is $184.85 and its two-hundred day moving average is $181.32. Affiliated Managers Group has a fifty-two week low of $147.13 and a fifty-two week high of $199.52. The company has a quick ratio of 0.45, a current ratio of 2.13 and a debt-to-equity ratio of 0.61.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend is Tuesday, February 18th. Affiliated Managers Group's dividend payout ratio is currently 0.26%.

Wall Street Analyst Weigh In

AMG has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their target price for the company from $193.00 to $191.00 in a research report on Monday, January 6th. TD Cowen lowered Affiliated Managers Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday. Deutsche Bank Aktiengesellschaft lifted their price target 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, 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Affiliated Managers Group has an average rating of "Moderate Buy" and an average target price of $198.40.

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.