Barrington Research reaffirmed their outperform rating on shares of Affiliated Managers Group, Inc. (NYSE:AMG) in a report issued on Wednesday, The Fly reports. They currently have a $215.00 target price on the asset manager’s stock. Barrington Research also issued estimates for Affiliated Managers Group’s Q3 2017 earnings at $3.33 EPS and FY2018 earnings at $16.40 EPS. The analysts noted that the move was a valuation call.

Several other equities research analysts also recently weighed in on AMG. Zacks Investment Research raised Affiliated Managers Group from a hold rating to a buy rating and set a $213.00 price target for the company in a report on Monday, October 2nd. BidaskClub downgraded Affiliated Managers Group from a strong-buy rating to a buy rating in a report on Monday, July 31st. Jefferies Group LLC reissued a buy rating and issued a $200.00 price target on shares of Affiliated Managers Group in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a buy rating and issued a $215.00 price target on shares of Affiliated Managers Group in a report on Thursday, August 3rd. Finally, Credit Suisse Group raised their price target on Affiliated Managers Group from $205.00 to $223.00 and gave the stock an outperform rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $202.25.

Affiliated Managers Group (NYSE AMG) opened at 194.62 on Wednesday. The stock has a 50 day moving average price of $180.94 and a 200 day moving average price of $169.18. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 21.56 and a beta of 1.66. Affiliated Managers Group has a 52-week low of $130.48 and a 52-week high of $196.77.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, July 31st. The asset manager reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.09. The business had revenue of $570.90 million during the quarter, compared to the consensus estimate of $573.73 million. Affiliated Managers Group had a return on equity of 17.45% and a net margin of 22.99%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $3.07 earnings per share. Analysts expect that Affiliated Managers Group will post $14.52 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Creative Planning raised its stake 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 worth $117,000 after purchasing an additional 92 shares during the last quarter. Advisor Group Inc. raised its stake 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 worth $120,000 after purchasing an additional 228 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake 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 worth $125,000 after purchasing an additional 16 shares during the last quarter. Financial Architects Inc raised its stake 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 worth $138,000 after purchasing an additional 17 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake 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 worth $163,000 after purchasing an additional 431 shares during the last quarter. Hedge funds and other institutional investors own 96.27% 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.

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Analyst Recommendations for Affiliated Managers Group (NYSE:AMG)

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