Barrington Research Boosts Affiliated Managers Group (NYSE:AMG) Price Target to $190.00

Affiliated Managers Group (NYSE:AMG - Get Free Report) had its price target increased by research analysts at Barrington Research from $175.00 to $190.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the asset manager's stock. Barrington Research's price target indicates a potential upside of 12.01% from the stock's current price.

Separately, TD Cowen started coverage on Affiliated Managers Group in a research report on Thursday, January 4th. They set an "outperform" rating and a $185.00 target price on the stock.

Affiliated Managers Group Trading Up 0.8 %

AMG stock traded up $1.32 during mid-day trading on Tuesday, reaching $169.63. The company's stock had a trading volume of 219,401 shares, compared to its average volume of 225,941. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.59 and a beta of 1.31. The business's 50 day moving average price is $159.12 and its 200 day moving average price is $145.37. Affiliated Managers Group has a 12 month low of $120.22 and a 12 month high of $169.65.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results on Monday, February 5th. The asset manager reported $6.86 earnings per share for the quarter, topping analysts' consensus estimates of $6.03 by $0.83. The business had revenue of $502.70 million during the quarter, compared to the consensus estimate of $524.98 million. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. The firm's revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $7.28 earnings per share. As a group, equities analysts expect that Affiliated Managers Group will post 21.5 EPS for the current fiscal year.

Institutional Trading of Affiliated Managers Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Natixis Advisors L.P. increased its position in shares of Affiliated Managers Group by 2.5% during the 1st quarter. Natixis Advisors L.P. now owns 12,741 shares of the asset manager's stock valued at $1,796,000 after purchasing an additional 310 shares during the last quarter. Bank of Montreal Can grew its position in Affiliated Managers Group by 88.9% during the 1st quarter. Bank of Montreal Can now owns 8,484 shares of the asset manager's stock worth $1,239,000 after acquiring an additional 3,992 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Affiliated Managers Group by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,898 shares of the asset manager's stock worth $2,100,000 after acquiring an additional 1,420 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Affiliated Managers Group by 8.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 23,046 shares of the asset manager's stock worth $3,341,000 after acquiring an additional 1,772 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in Affiliated Managers Group by 2.1% during the 1st quarter. Yousif Capital Management LLC now owns 23,530 shares of the asset manager's stock worth $3,317,000 after acquiring an additional 491 shares during the last quarter. 95.30% of the stock is currently owned by 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.