Affiliated Managers Group, Inc. (NYSE:AMG) has been given a consensus rating of “Buy” by the eleven ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $196.86.

AMG has been the subject of a number of research analyst reports. Credit Suisse Group reaffirmed a “buy” rating and issued a $207.00 target price on shares of Affiliated Managers Group in a report on Sunday, July 9th. BidaskClub raised shares of Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Zacks Investment Research cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Citigroup Inc. cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $180.00 target price for the company. in a report on Monday, June 5th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $200.00 target price on shares of Affiliated Managers Group in a report on Tuesday, August 1st.

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Shares of Affiliated Managers Group (NYSE:AMG) opened at 189.83 on Friday. Affiliated Managers Group has a 12-month low of $130.48 and a 12-month high of $191.98. The company has a 50-day moving average price of $177.13 and a 200 day moving average price of $166.93. The firm has a market capitalization of $10.62 billion, a PE ratio of 21.03 and a beta of 1.66.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, July 31st. The asset manager reported $3.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.24 by $0.09. Affiliated Managers Group had a net margin of 22.99% and a return on equity of 17.45%. The company had revenue of $570.90 million during the quarter, compared to analysts’ expectations of $573.73 million. During the same period last year, the company posted $3.07 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that Affiliated Managers Group will post $14.55 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Creative Planning grew its position in shares of Affiliated Managers Group by 15.0% in the second quarter. Creative Planning now owns 705 shares of the asset manager’s stock valued at $117,000 after purchasing an additional 92 shares during the last quarter. Advisor Group Inc. grew its position in shares of Affiliated Managers Group by 46.2% in the second quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 228 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Affiliated Managers Group by 2.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock valued at $125,000 after purchasing an additional 16 shares during the last quarter. Financial Architects Inc grew its position in shares of Affiliated Managers Group by 2.1% in the second quarter. Financial Architects Inc now owns 833 shares of the asset manager’s stock valued at $138,000 after purchasing an additional 17 shares during the last quarter. Finally, Global X Management Co. LLC grew its position in shares of Affiliated Managers Group by 78.5% in the second quarter. Global X Management Co. LLC now owns 980 shares of the asset manager’s stock valued at $163,000 after purchasing an additional 431 shares during the last quarter. Institutional investors and hedge funds own 96.16% of the company’s stock.

About Affiliated Managers Group

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

Analyst Recommendations for Affiliated Managers Group (NYSE:AMG)

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