Affiliated Managers Group (NYSE:AMG) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Affiliated Managers Group (NYSE:AMG - Free Report) from a hold rating to a buy rating in a research note released on Friday morning.

A number of other research firms have also recently commented on AMG. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. TD Cowen cut shares of 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. Finally, Barrington Research lifted their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Affiliated Managers Group currently has an average rating of "Moderate Buy" and a consensus price target of $198.40.

Affiliated Managers Group Stock Down 1.4 %

NYSE:AMG traded down $2.44 during trading hours on Friday, reaching $173.45. 98,778 shares of the stock were exchanged, compared to its average volume of 195,706. Affiliated Managers Group has a twelve month low of $147.13 and a twelve month high of $199.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 0.45. The firm has a 50 day moving average of $184.85 and a 200 day moving average of $181.32. The stock has a market cap of $5.24 billion, a PE ratio of 11.49, a PEG ratio of 0.67 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, beating 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%. On average, equities analysts expect that Affiliated Managers Group will post 22.83 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business 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 annualized dividend and a yield of 0.02%. The ex-dividend date is Tuesday, February 18th. Affiliated Managers Group's payout ratio is presently 0.26%.

Hedge Funds Weigh In On Affiliated Managers Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp raised its position in 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 buying an additional 62 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Affiliated Managers Group in the 3rd quarter valued at $30,000. UMB Bank n.a. raised its position in Affiliated Managers Group by 481.3% in the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager's stock valued at $33,000 after buying an additional 154 shares during the last quarter. Private Trust Co. NA raised its position in Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock valued at $40,000 after buying an additional 124 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Affiliated Managers Group in the 3rd quarter valued at $46,000. 95.30% of the stock is currently owned by institutional investors.

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.