Affiliated Managers Group, Inc. (NYSE:AMG – Get Rating) has been assigned a consensus rating of "Buy" from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is $178.79.

A number of analysts have recently weighed in on AMG shares. StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, January 20th. Jefferies Financial Group upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating and lifted their price objective for the company from $149.00 to $192.00 in a research report on Monday, November 28th. The Goldman Sachs Group began coverage on shares of Affiliated Managers Group in a research note on Monday, November 21st. They issued a "buy" rating and a $182.00 price target on the stock. Credit Suisse Group boosted their price objective on Affiliated Managers Group from $140.00 to $163.50 and gave the stock an "outperform" rating in a research report on Tuesday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Affiliated Managers Group from $191.00 to $187.00 in a research report on Wednesday, January 11th.

Institutional Trading of Affiliated Managers Group

Hedge funds have recently bought and sold shares of the company. US Bancorp DE grew its stake in Affiliated Managers Group by 7.9% during the 2nd quarter. US Bancorp DE now owns 3,062 shares of the asset manager's stock valued at $357,000 after acquiring an additional 223 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of Affiliated Managers Group during the 2nd quarter valued at $361,000. Strs Ohio boosted its position in Affiliated Managers Group by 13.0% during the third quarter. Strs Ohio now owns 7,591 shares of the asset manager's stock valued at $849,000 after purchasing an additional 873 shares during the last quarter. Prana Capital Management LP grew its stake in Affiliated Managers Group by 49.6% in the second quarter. Prana Capital Management LP now owns 166,178 shares of the asset manager's stock valued at $19,376,000 after purchasing an additional 55,133 shares in the last quarter. Finally, Clarkston Capital Partners LLC increased its position in Affiliated Managers Group by 21.1% in the 2nd quarter. Clarkston Capital Partners LLC now owns 2,028,182 shares of the asset manager's stock worth $236,486,000 after purchasing an additional 353,109 shares during the last quarter. 95.31% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Performance

Affiliated Managers Group (NYSE:AMG – Get Rating) last announced its earnings results on Monday, November 7th. The asset manager reported $4.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.92 by $0.29. The company had revenue of $578.60 million for the quarter, compared to analyst estimates of $553.29 million. Affiliated Managers Group had a return on equity of 21.15% and a net margin of 22.02%. On average, equities research analysts predict that Affiliated Managers Group will post 19.68 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Thursday, November 17th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, November 16th. Affiliated Managers Group's payout ratio is 0.31%.

Affiliated Managers Group Company Profile

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Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. It provides assistance on strategic matters, marketing, distribution, product development, and operations. The company was founded by William J. Nutt in December 1993 and is headquartered in West Palm Beach, FL.

Further Reading

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