Headlines about Affiliated Managers Group (NYSE:AMG) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Affiliated Managers Group earned a news impact score of 0.10 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 46.9709813584544 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
AMG has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a report on Thursday, October 12th. Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 price objective on the stock in a report on Monday, October 2nd. Jefferies Group restated a “buy” rating and set a $226.00 price objective on shares of Affiliated Managers Group in a report on Thursday, October 12th. Credit Suisse Group lifted their price objective on Affiliated Managers Group from $205.00 to $223.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Finally, Barrington Research restated an “outperform” rating and set a $215.00 price objective on shares of Affiliated Managers Group in a report on Wednesday, October 4th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Affiliated Managers Group presently has an average rating of “Buy” and a consensus target price of $207.25.
Affiliated Managers Group (AMG) traded down $0.49 during mid-day trading on Monday, reaching $197.36. The company’s stock had a trading volume of 256,852 shares, compared to its average volume of 411,284. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.24. Affiliated Managers Group has a 52 week low of $139.52 and a 52 week high of $202.09. The stock has a market cap of $10,996.88, a P/E ratio of 14.39, a PEG ratio of 0.93 and a beta of 1.71.
Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The company had revenue of $585.70 million for the quarter, compared to the consensus estimate of $586.55 million. During the same period in the previous year, the business earned $3.02 EPS. Affiliated Managers Group’s revenue for the quarter was up 7.5% compared to the same quarter last year. equities research analysts anticipate that Affiliated Managers Group will post 14.44 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.80 annualized dividend and a yield of 0.41%. Affiliated Managers Group’s dividend payout ratio is presently 8.66%.
In other news, CEO Sean M. Healey sold 69,800 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $185.48, for a total value of $12,946,504.00. Following the completion of the sale, the chief executive officer now directly owns 194,943 shares in the company, valued at approximately $36,158,027.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight D. Churchill sold 2,080 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $184.28, for a total value of $383,302.40. Following the completion of the sale, the director now owns 6,104 shares of the company’s stock, valued at $1,124,845.12. The disclosure for this sale can be found here. Insiders have sold a total of 79,585 shares of company stock worth $14,757,312 over the last 90 days. 1.40% of the stock is owned by company insiders.
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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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