Affiliated Managers Group, Inc. (NYSE:AMG) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Brokerages give AMG a consensus "Moderate Buy" (7 buys, 1 hold) with an average 1‑year price target of about $350; notable analyst moves include Goldman raising its target to $341 and Deutsche Bank setting a $408 target.
• Affiliated Managers Group beat quarterly EPS expectations ($9.48 vs. $8.75) with strong margins and a 18.45% ROE, though revenue of $556.6M slightly missed estimates; the stock trades near $287.69 with a market cap of $7.64B and a P/E of 12.46.
• Company insiders recently sold shares (COO and General Counsel), leaving insiders with 4.20% ownership while institutions hold 95.30%, and the firm pays a negligible quarterly dividend of $0.01 (annualized ~$0.04, ~0% yield).

Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $350.1429.

Several research firms recently weighed in on AMG. Weiss Ratings reissued a "buy (b-)" rating on shares of Affiliated Managers Group in a report on Wednesday, January 21st. Wall Street Zen downgraded Affiliated Managers Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 4th. The Goldman Sachs Group raised their price objective on Affiliated Managers Group from $300.00 to $341.00 and gave the company a "buy" rating in a report on Tuesday, January 6th. TD Cowen reissued a "buy" rating on shares of Affiliated Managers Group in a report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft set a $408.00 price objective on Affiliated Managers Group and gave the company a "buy" rating in a report on Friday, February 13th.

Affiliated Managers Group Trading Up 1.2%

NYSE AMG opened at $287.69 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.64. Affiliated Managers Group has a twelve month low of $160.34 and a twelve month high of $334.78. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 0.52 and a beta of 1.20. The business's fifty day moving average is $289.75 and its 200 day moving average is $282.39.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The asset manager reported $9.48 earnings per share for the quarter, beating the consensus estimate of $8.75 by $0.73. Affiliated Managers Group had a return on equity of 18.45% and a net margin of 34.55%.The company had revenue of $556.60 million for the quarter, compared to the consensus estimate of $578.54 million. During the same quarter last year, the business posted $6.53 EPS. Affiliated Managers Group's revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts expect that Affiliated Managers Group will post 30.49 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, February 23rd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Monday, February 23rd. Affiliated Managers Group's dividend payout ratio (DPR) is currently 0.17%.

Insider Buying and Selling at Affiliated Managers Group

In related news, COO Thomas M. Wojcik sold 8,000 shares of the firm's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $286.30, for a total transaction of $2,290,400.00. Following the completion of the transaction, the chief operating officer directly owned 159,465 shares of the company's stock, valued at $45,654,829.50. This trade represents a 4.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Kavita Padiyar sold 2,200 shares of the firm's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $278.24, for a total value of $612,128.00. Following the transaction, the general counsel directly owned 42,672 shares of the company's stock, valued at approximately $11,873,057.28. This represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Captrust Financial Advisors raised its position in Affiliated Managers Group by 3.5% during the 4th quarter. Captrust Financial Advisors now owns 1,003 shares of the asset manager's stock worth $289,000 after purchasing an additional 34 shares during the last quarter. AlphaCore Capital LLC raised its position in Affiliated Managers Group by 3.4% during the 4th quarter. AlphaCore Capital LLC now owns 1,083 shares of the asset manager's stock worth $312,000 after purchasing an additional 36 shares during the last quarter. Allworth Financial LP raised its position in Affiliated Managers Group by 10.3% during the 4th quarter. Allworth Financial LP now owns 482 shares of the asset manager's stock worth $139,000 after purchasing an additional 45 shares during the last quarter. Coldstream Capital Management Inc. raised its position in Affiliated Managers Group by 2.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,400 shares of the asset manager's stock worth $692,000 after purchasing an additional 46 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Affiliated Managers Group by 1.4% during the 4th quarter. Quadrant Capital Group LLC now owns 3,220 shares of the asset manager's stock worth $928,000 after purchasing an additional 46 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc NYSE: AMG is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates' distribution capabilities, operational infrastructure and access to capital.

The company's core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.

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