Analysts Set Affiliated Managers Group, Inc. (NYSE:AMG) Target Price at $340.50

Shares of Affiliated Managers Group, Inc. (NYSE:AMGGet Free Report) have been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $340.50.

A number of analysts recently weighed in on AMG shares. The Goldman Sachs Group boosted their target price on Affiliated Managers Group from $300.00 to $341.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Barrington Research boosted their price objective on shares of Affiliated Managers Group from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Wall Street Zen raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Jefferies Financial Group reiterated a “buy” rating and issued a $282.00 target price on shares of Affiliated Managers Group in a research report on Tuesday, November 4th. Finally, UBS Group set a $295.00 price target on shares of Affiliated Managers Group in a research note on Tuesday, November 4th.

Get Our Latest Analysis on AMG

Hedge Funds Weigh In On Affiliated Managers Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Partners lifted its position in Affiliated Managers Group by 2.1% in the third quarter. Boston Partners now owns 1,157,344 shares of the asset manager’s stock valued at $275,957,000 after purchasing an additional 24,217 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Affiliated Managers Group by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 699,448 shares of the asset manager’s stock worth $201,640,000 after buying an additional 15,332 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in shares of Affiliated Managers Group by 20.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 685,588 shares of the asset manager’s stock worth $197,641,000 after buying an additional 115,313 shares during the period. Geode Capital Management LLC raised its holdings in Affiliated Managers Group by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 551,153 shares of the asset manager’s stock valued at $158,916,000 after buying an additional 41,322 shares during the last quarter. Finally, LSV Asset Management boosted its position in Affiliated Managers Group by 0.7% during the 3rd quarter. LSV Asset Management now owns 479,624 shares of the asset manager’s stock valued at $114,357,000 after buying an additional 3,400 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Stock Performance

NYSE AMG opened at $328.43 on Tuesday. Affiliated Managers Group has a 52-week low of $139.22 and a 52-week high of $333.99. The company has a fifty day moving average of $300.35 and a 200-day moving average of $259.62. The company has a market capitalization of $9.24 billion, a P/E ratio of 19.56, a P/E/G ratio of 0.57 and a beta of 1.21. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30.

Affiliated Managers Group (NYSE:AMGGet Free Report) last released its earnings results on Thursday, February 12th. The asset manager reported $9.48 EPS for the quarter, beating analysts’ consensus estimates of $8.75 by $0.73. Affiliated Managers Group had a return on equity of 16.75% and a net margin of 26.01%.The business had revenue of $556.60 million for the quarter, compared to analysts’ expectations of $578.54 million. During the same quarter in the prior year, the firm earned $6.53 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. As a group, equities research analysts predict that Affiliated Managers Group will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group News Summary

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About Affiliated Managers Group

(Get Free Report)

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.

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Analyst Recommendations for Affiliated Managers Group (NYSE:AMG)

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