Headlines about Affiliated Managers Group (NYSE:AMG) have been trending very positive recently, Alpha One Sentiment reports. The research group, a unit of Accern, rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Affiliated Managers Group earned a news impact score of 0.56 on Alpha One’s scale. Alpha One also assigned news articles about the asset manager an impact score of 33 out of 100, indicating that recent press coverage is unlikely to have an impact on the company’s share price in the immediate future.
Shares of Affiliated Managers Group (NYSE:AMG) opened at 152.69 on Friday. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 17.37 and a beta of 1.59. Affiliated Managers Group has a 12-month low of $130.48 and a 12-month high of $177.76. The stock has a 50 day moving average price of $159.08 and a 200-day moving average price of $154.64.
Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, May 1st. The asset manager reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.03. The business had revenue of $544.30 million during the quarter, compared to analysts’ expectations of $551.56 million. Affiliated Managers Group had a net margin of 21.48% and a return on equity of 17.65%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $2.94 earnings per share. Equities analysts anticipate that Affiliated Managers Group will post $14.60 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Thursday, May 11th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Tuesday, May 9th. Affiliated Managers Group’s payout ratio is 9.35%.
A number of research firms have weighed in on AMG. Citigroup Inc restated a “buy” rating on shares of Affiliated Managers Group in a research report on Tuesday, May 2nd. Zacks Investment Research downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Deutsche Bank AG cut their target price on Affiliated Managers Group from $183.00 to $182.00 and set a “hold” rating for the company in a research report on Tuesday, April 18th. Jefferies Group LLC increased their price objective on Affiliated Managers Group from $195.00 to $197.00 and gave the company a “buy” rating in a research report on Friday, April 7th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $185.00 price objective on shares of Affiliated Managers Group in a research report on Tuesday, April 4th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $186.88.
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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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