Brokerages Set Affiliated Managers Group, Inc. (NYSE:AMG) Target Price at $198.40

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) have been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $198.40.

Several research firms have recently issued reports on AMG. Barrington Research raised their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. The Goldman Sachs Group downgraded 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 note on Monday, January 6th. Finally, StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th.

Affiliated Managers Group Trading Down 0.2 %

Shares of AMG stock opened at $172.53 on Friday. The stock’s 50-day moving average price is $173.34 and its 200-day moving average price is $180.24. Affiliated Managers Group has a 12-month low of $147.13 and a 12-month high of $199.52. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, beating analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. Equities research analysts predict that Affiliated Managers Group will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s payout ratio is currently 0.26%.

Institutional Trading of Affiliated Managers Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. World Investment Advisors LLC bought a new position in Affiliated Managers Group in the third quarter worth about $2,592,000. Charles Schwab Investment Management Inc. boosted its holdings in Affiliated Managers Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock worth $61,228,000 after acquiring an additional 2,264 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Affiliated Managers Group in the 3rd quarter worth approximately $543,000. Empirical Asset Management LLC grew its position in Affiliated Managers Group by 10,522.8% during the 4th 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 last quarter. Finally, Victory Capital Management Inc. increased its stake in Affiliated Managers Group by 4.8% during the 4th quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager’s stock valued at $21,937,000 after purchasing an additional 5,436 shares in the last quarter. 95.30% of the stock is currently owned by 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.