Affiliated Managers Group, Inc. (NYSE:AMG) Announces Quarterly Dividend of $0.01

Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) announced a quarterly dividend on Monday, May 6th, Zacks reports. Stockholders of record on Thursday, May 16th will be given a dividend of 0.01 per share by the asset manager on Thursday, May 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, May 15th.

Affiliated Managers Group has decreased its dividend by an average of 51.5% per year over the last three years. Affiliated Managers Group has a dividend payout ratio of 0.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Affiliated Managers Group to earn $24.66 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 0.2%.

Affiliated Managers Group Stock Down 1.1 %

NYSE AMG traded down $1.68 during trading hours on Tuesday, hitting $155.55. 510,382 shares of the stock were exchanged, compared to its average volume of 247,709. Affiliated Managers Group has a 12-month low of $120.22 and a 12-month high of $169.65. The stock has a 50-day moving average of $161.53 and a 200 day moving average of $149.78. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 0.56 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The asset manager reported $5.37 EPS for the quarter, beating the consensus estimate of $5.21 by $0.16. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. The business had revenue of $499.90 million during the quarter, compared to analysts' expectations of $524.53 million. During the same period last year, the firm earned $4.18 EPS. On average, equities research analysts expect that Affiliated Managers Group will post 22.03 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AMG shares. Barrington Research reaffirmed an "outperform" rating and set a $190.00 price target on shares of Affiliated Managers Group in a research note on Tuesday. TD Cowen lowered their target price on shares of Affiliated Managers Group from $218.00 to $198.00 and set a "buy" rating on the stock in a research report on Tuesday.

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.