Barrington Research Has Lowered Expectations for Affiliated Managers Group (NYSE:AMG) Stock Price

Affiliated Managers Group (NYSE:AMG - Free Report) had its target price trimmed by Barrington Research from $215.00 to $200.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the asset manager's stock.

Several other research analysts have also recently issued reports on the stock. Bank of America reduced their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $193.00 to $191.00 in a report on Monday, January 6th. Finally, StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $192.40.

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock traded up $4.51 during trading hours on Tuesday, hitting $158.04. 227,718 shares of the stock traded hands, compared to its average volume of 238,301. Affiliated Managers Group has a 1 year low of $139.22 and a 1 year high of $199.52. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The firm's 50 day moving average price is $165.44 and its 200-day moving average price is $178.80.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. As a group, equities analysts expect that Affiliated Managers Group will post 22.86 EPS 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. Stockholders 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 dividend yield of 0.03%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.26%.

Hedge Funds Weigh In On Affiliated Managers Group

A number of large investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its holdings in Affiliated Managers Group by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager's stock valued at $1,137,000 after buying an additional 55 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock valued at $26,000 after acquiring an additional 62 shares during the period. UMB Bank n.a. raised its stake in shares of Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock valued at $47,000 after acquiring an additional 69 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Affiliated Managers Group by 2.5% in the 4th quarter. Cetera Investment Advisers now owns 2,898 shares of the asset manager's stock worth $536,000 after acquiring an additional 70 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Affiliated Managers Group by 70.8% during the 1st quarter. Versant Capital Management Inc now owns 181 shares of the asset manager's stock worth $30,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 95.30% of the company's stock.

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.