Affiliated Managers Group, Inc. (NYSE:AMG) has been given a consensus rating of “Hold” by the ten brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $126.48.

A number of analysts recently commented on AMG shares. ValuEngine cut Affiliated Managers Group from a “sell” rating to a “strong sell” rating in a research report on Monday, April 1st. Deutsche Bank dropped their price objective on Affiliated Managers Group from $111.00 to $103.00 and set a “hold” rating for the company in a research report on Tuesday, May 7th. Barrington Research reiterated a “buy” rating and set a $135.00 price objective on shares of Affiliated Managers Group in a research report on Tuesday, April 30th. Bank of America reiterated a “buy” rating and set a $97.00 price objective (down previously from $113.00) on shares of Affiliated Managers Group in a research report on Thursday, June 6th. Finally, Zacks Investment Research upgraded Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th.

Affiliated Managers Group stock traded up $0.47 during midday trading on Tuesday, reaching $88.51. 388,072 shares of the company were exchanged, compared to its average volume of 559,343. The firm has a market capitalization of $4.50 billion, a P/E ratio of 6.10, a price-to-earnings-growth ratio of 0.63 and a beta of 1.63. The company’s 50-day moving average is $89.20. Affiliated Managers Group has a 1 year low of $83.10 and a 1 year high of $163.55.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, May 6th. The asset manager reported $3.26 EPS for the quarter, missing analysts’ consensus estimates of $3.27 by ($0.01). The company had revenue of $543.10 million for the quarter, compared to analysts’ expectations of $541.42 million. Affiliated Managers Group had a positive return on equity of 17.72% and a negative net margin of 4.77%. The company’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.92 EPS. As a group, equities research analysts anticipate that Affiliated Managers Group will post 13.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.45%. The ex-dividend date was Wednesday, May 15th. Affiliated Managers Group’s dividend payout ratio (DPR) is 8.83%.

In other Affiliated Managers Group news, insider Jay C. Horgen purchased 11,000 shares of the stock in a transaction on Friday, May 10th. The stock was bought at an average price of $93.19 per share, for a total transaction of $1,025,090.00. Following the acquisition, the insider now directly owns 115,527 shares of the company’s stock, valued at $10,765,961.13. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.43% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC lifted its stake in shares of Affiliated Managers Group by 1,295.5% in the 4th quarter. Proficio Capital Partners LLC now owns 307 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 285 shares in the last quarter. JOYN Advisors Inc. lifted its position in Affiliated Managers Group by 649.1% during the 4th quarter. JOYN Advisors Inc. now owns 397 shares of the asset manager’s stock worth $39,000 after acquiring an additional 344 shares in the last quarter. Osborn Williams & Donohoe LLC acquired a new position in Affiliated Managers Group during the 1st quarter worth approximately $39,000. CSat Investment Advisory L.P. lifted its position in Affiliated Managers Group by 173.5% during the 4th quarter. CSat Investment Advisory L.P. now owns 517 shares of the asset manager’s stock worth $50,000 after acquiring an additional 328 shares in the last quarter. Finally, Covington Capital Management acquired a new position in Affiliated Managers Group during the 4th quarter worth approximately $52,000. Institutional investors own 94.65% of the company’s stock.

About Affiliated Managers Group

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

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Analyst Recommendations for Affiliated Managers Group (NYSE:AMG)

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