Media coverage about Affiliated Managers Group (NYSE:AMG) has trended somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Affiliated Managers Group earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 46.4179273613998 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
AMG has been the topic of a number of recent research reports. Zacks Investment Research lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $229.00 target price on shares of Affiliated Managers Group in a report on Thursday, October 12th. Jefferies Group restated a “buy” rating and issued a $200.00 target price on shares of Affiliated Managers Group in a report on Friday, August 18th. Finally, Barrington Research restated an “outperform” rating and issued a $215.00 target price on shares of Affiliated Managers Group in a report on Wednesday, October 4th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Affiliated Managers Group has an average rating of “Buy” and an average target price of $207.25.
Shares of Affiliated Managers Group (AMG) traded up $4.45 during trading on Friday, reaching $198.64. The company had a trading volume of 538,696 shares, compared to its average volume of 259,586. The company has a market capitalization of $10,793.45, a price-to-earnings ratio of 14.12, a P/E/G ratio of 0.91 and a beta of 1.71. Affiliated Managers Group has a 1-year low of $139.52 and a 1-year high of $202.09. 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 (NYSE:AMG) last issued its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, topping the Zacks’ consensus estimate of $3.36 by $0.05. The business had revenue of $585.70 million for the quarter, compared to analyst estimates of $586.55 million. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. Affiliated Managers Group’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $3.02 earnings per share. research analysts anticipate that Affiliated Managers Group will post 14.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 8.66%.
In related news, insider Peter W. Macewen sold 10,000 shares of Affiliated Managers Group stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $197.67, for a total transaction of $1,976,700.00. Following the sale, the insider now directly owns 37,682 shares in the company, valued at $7,448,600.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight D. Churchill sold 2,080 shares of Affiliated Managers Group stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $184.28, for a total value of $383,302.40. Following the sale, the director now owns 6,104 shares in the company, valued at $1,124,845.12. The disclosure for this sale can be found here. Insiders have sold 89,585 shares of company stock worth $16,734,012 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.
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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