Affiliated Managers Group, Inc. (NYSE:AMG) Given Consensus Recommendation of "Hold" by Analysts

Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) has been assigned an average recommendation of "Hold" from the five research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $192.40.

Several research firms recently weighed in on AMG. StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. TD Cowen reduced their price target on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Bank of America decreased their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, Barrington Research reduced their price target on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th.

Affiliated Managers Group Stock Down 0.9 %

Shares of NYSE:AMG opened at $179.56 on Friday. Affiliated Managers Group has a 52-week low of $139.22 and a 52-week high of $199.52. The business's 50 day simple moving average is $163.23 and its two-hundred day simple moving average is $176.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The firm has a market cap of $5.17 billion, a P/E ratio of 11.89, a PEG ratio of 0.57 and a beta of 1.06.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, topping the consensus estimate of $5.10 by $0.10. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. The firm had revenue of $496.60 million during the quarter, compared to the consensus estimate of $508.00 million. During the same period in the prior year, the business posted $5.37 earnings per share. As a group, research analysts forecast that Affiliated Managers Group will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group's dividend payout ratio (DPR) is 0.26%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in shares of Affiliated Managers Group by 261.0% during the 3rd quarter. Barclays PLC now owns 76,488 shares of the asset manager's stock valued at $13,600,000 after purchasing an additional 55,302 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Affiliated Managers Group during the third quarter valued at $46,000. Franklin Resources Inc. raised its stake in shares of Affiliated Managers Group by 18.3% in the third quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager's stock worth $19,363,000 after buying an additional 15,746 shares during the period. Ritholtz Wealth Management lifted its position in shares of Affiliated Managers Group by 36.7% during the 4th quarter. Ritholtz Wealth Management now owns 1,878 shares of the asset manager's stock valued at $347,000 after buying an additional 504 shares in the last quarter. Finally, Empirical Asset Management LLC boosted its position in shares of 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 worth $347,000 after purchasing an additional 188,568 shares during the period. Institutional investors own 95.30% of the company's stock.

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.

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