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

Affiliated Managers Group, Inc. (NYSE:AMG) announced a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.01 per share by the asset manager on Tuesday, March 4th. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend is Tuesday, February 18th.

Affiliated Managers Group has a dividend payout ratio of 0.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Affiliated Managers Group to earn $22.83 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 Performance

AMG traded down $3.69 during trading on Friday, hitting $179.05. The stock had a trading volume of 103,178 shares, compared to its average volume of 193,610. The firm has a market capitalization of $5.41 billion, a P/E ratio of 11.74, a PEG ratio of 0.69 and a beta of 1.15. The company’s 50-day moving average price is $185.22 and its 200 day moving average price is $181.11. Affiliated Managers Group has a twelve month low of $147.13 and a twelve month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. As a group, equities analysts expect that Affiliated Managers Group will post 20.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. TD Cowen lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Barrington Research boosted their price objective on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, The Goldman Sachs Group lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $198.40.

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.