Affiliated Managers Group (NYSE:AMG) Price Target Raised to $215.00 at Barrington Research

Affiliated Managers Group (NYSE:AMG - Get Free Report) had its price target increased by investment analysts at Barrington Research from $200.00 to $215.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the asset manager's stock. Barrington Research's price target would suggest a potential upside of 22.00% from the company's current price.

Other research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft increased 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. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, TD Cowen lowered shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $198.40.

Affiliated Managers Group Price Performance

Shares of AMG stock traded down $2.38 on Thursday, reaching $176.22. 250,653 shares of the company were exchanged, compared to its average volume of 199,679. Affiliated Managers Group has a 1 year low of $147.13 and a 1 year high of $199.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.45 and a current ratio of 2.13. The business has a 50-day moving average price of $184.85 and a 200 day moving average price of $181.32. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 0.67 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping 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%. Equities research analysts forecast that Affiliated Managers Group will post 22.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Affiliated Managers Group

Institutional investors have recently bought and sold shares of the company. World Investment Advisors LLC acquired a new stake in shares of Affiliated Managers Group during the 3rd quarter worth approximately $2,592,000. Asset Management One Co. Ltd. grew its position in Affiliated Managers Group by 94.3% in the third quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager's stock worth $1,884,000 after acquiring an additional 5,142 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in Affiliated Managers Group during the third quarter worth $543,000. Empirical Asset Management LLC raised its position in Affiliated Managers Group by 10,522.8% in the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock valued at $347,000 after purchasing an additional 188,568 shares during the period. Finally, Weiss Asset Management LP acquired a new position in shares of Affiliated Managers Group in the 3rd quarter valued at $2,130,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

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.