Affiliated Managers Group, Inc. (NYSE:AMG) has earned a consensus rating of “Buy” from the eleven research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $208.67.
A number of research firms recently issued reports on AMG. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $229.00 price target on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Credit Suisse Group downgraded shares of Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 price target on the stock. in a research note on Wednesday, January 3rd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $226.00 price target on shares of Affiliated Managers Group in a research note on Thursday, October 12th.
Affiliated Managers Group (AMG) opened at $200.53 on Tuesday. The firm has a market cap of $11,150.00, a price-to-earnings ratio of 21.70, a P/E/G ratio of 0.82 and a beta of 1.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61. Affiliated Managers Group has a 12-month low of $139.52 and a 12-month high of $207.67.
Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.36 by $0.05. The company had revenue of $585.70 million for the quarter, compared to the consensus estimate of $586.55 million. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. Affiliated Managers Group’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.02 earnings per share. analysts expect that Affiliated Managers Group will post 14.47 EPS for the current year.
In other news, Director Patrick T. Ryan sold 7,705 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $185.27, for a total value of $1,427,505.35. Following the sale, the director now owns 6,797 shares of the company’s stock, valued at $1,259,280.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dwight D. Churchill sold 2,080 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $184.28, for a total transaction of $383,302.40. Following the completion of the sale, the director now directly owns 6,104 shares in the company, valued at approximately $1,124,845.12. The disclosure for this sale can be found here. In the last three months, insiders sold 89,585 shares of company stock worth $16,734,012. Insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Tributary Capital Management LLC bought a new position in shares of Affiliated Managers Group in the third quarter worth about $100,000. Advisor Group Inc. grew its holdings 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. Douglas Lane & Associates LLC bought a new position in shares of Affiliated Managers Group in the third quarter worth about $200,000. Conning Inc. bought a new position in shares of Affiliated Managers Group in the third quarter worth about $203,000. Finally, GHP Investment Advisors Inc. bought a new position in shares of Affiliated Managers Group in the third quarter worth about $217,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.
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Affiliated Managers Group Company Profile
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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