Affiliated Managers Group, Inc. (NYSE:AMG) Receives Consensus Recommendation of "Hold" from Brokerages

Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) has been assigned a consensus rating of "Hold" from the six analysts that are currently covering the company, Marketbeat Ratings reports. Four equities 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 objective among analysts that have issued a report on the stock in the last year is $192.40.

Several analysts have recently weighed in on the company. Cowen reiterated a "hold" rating on shares of Affiliated Managers Group in a research report on Wednesday, May 14th. Wall Street Zen raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Bank of America lowered their price objective on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Barrington Research dropped their price objective on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, TD Cowen lowered their target price on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a report on Wednesday, April 9th.

Affiliated Managers Group Trading Up 1.1%

Shares of AMG traded up $1.95 during midday trading on Thursday, hitting $182.30. The stock had a trading volume of 98,235 shares, compared to its average volume of 238,329. The stock's 50 day moving average is $168.23 and its 200 day moving average is $174.92. The firm has a market cap of $5.18 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.57 and a beta of 1.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. Affiliated Managers Group has a 1 year low of $139.22 and a 1 year high of $199.52.

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

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Monday, May 19th. Affiliated Managers Group's payout ratio is presently 0.30%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings 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 worth $26,000 after buying an additional 62 shares during the period. Millstone Evans Group LLC boosted its holdings in shares of Affiliated Managers Group by 154.5% in the 1st quarter. Millstone Evans Group LLC now owns 168 shares of the asset manager's stock valued at $28,000 after acquiring an additional 102 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Affiliated Managers Group by 70.8% in the first quarter. Versant Capital Management Inc now owns 181 shares of the asset manager's stock worth $30,000 after acquiring an additional 75 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Affiliated Managers Group in the first quarter worth $36,000. Finally, Private Trust Co. NA raised its holdings in shares of Affiliated Managers Group by 131.9% during the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock worth $40,000 after purchasing an additional 124 shares during the last quarter. 95.30% of the stock is currently owned by hedge funds and other 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.