StockNews.com initiated coverage on shares of Affiliated Managers Group (NYSE:AMG – Get Rating) in a report issued on Thursday. The firm issued a buy rating on the asset manager’s stock.
A number of other research analysts have also recently commented on AMG. Barrington Research upped their price target on shares of Affiliated Managers Group from $155.00 to $195.00 and gave the stock an outperform rating in a report on Monday, February 6th. Jefferies Financial Group upgraded shares of Affiliated Managers Group from a hold rating to a buy rating and upped their target price for the stock from $149.00 to $192.00 in a research note on Monday, November 28th. The Goldman Sachs Group started coverage on shares of Affiliated Managers Group in a research report on Monday, November 21st. They set a buy rating and a $182.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Affiliated Managers Group from $187.00 to $192.00 and gave the company a buy rating in a report on Monday, February 6th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Affiliated Managers Group presently has an average rating of Buy and a consensus price target of $185.21.
Affiliated Managers Group Price Performance
Shares of NYSE:AMG opened at $133.32 on Thursday. The firm has a market capitalization of $4.78 billion, a PE ratio of 5.07, a price-to-earnings-growth ratio of 0.62 and a beta of 1.35. The business has a 50 day simple moving average of $162.11 and a two-hundred day simple moving average of $146.60. Affiliated Managers Group has a 1 year low of $108.12 and a 1 year high of $180.63.
Affiliated Managers Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 2nd. Stockholders of record on Thursday, February 16th were issued a $0.01 dividend. The ex-dividend date was Wednesday, February 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Affiliated Managers Group’s dividend payout ratio is currently 0.15%.
Insider Transactions at Affiliated Managers Group
In other Affiliated Managers Group news, Director Reuben Jeffery III acquired 3,650 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were bought at an average cost of $137.21 per share, with a total value of $500,816.50. Following the completion of the acquisition, the director now directly owns 31,726 shares in the company, valued at approximately $4,353,124.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.09% of the company’s stock.
Institutional Investors Weigh In On Affiliated Managers Group
A number of institutional investors have recently added to or reduced their stakes in AMG. Victory Capital Management Inc. lifted its position in shares of Affiliated Managers Group by 4.3% during the fourth quarter. Victory Capital Management Inc. now owns 378,944 shares of the asset manager’s stock valued at $60,036,000 after buying an additional 15,467 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Affiliated Managers Group by 39.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 724 shares of the asset manager’s stock worth $113,000 after acquiring an additional 203 shares in the last quarter. North Star Asset Management Inc. raised its stake in shares of Affiliated Managers Group by 0.6% during the 4th quarter. North Star Asset Management Inc. now owns 95,611 shares of the asset manager’s stock worth $15,148,000 after acquiring an additional 551 shares in the last quarter. Voya Investment Management LLC lifted its position in Affiliated Managers Group by 139.4% during the fourth quarter. Voya Investment Management LLC now owns 22,966 shares of the asset manager’s stock valued at $3,639,000 after acquiring an additional 13,374 shares during the last quarter. Finally, Natixis acquired a new stake in Affiliated Managers Group in the fourth quarter valued at approximately $2,567,000. Institutional investors own 95.31% of the company’s stock.
About Affiliated Managers Group
Affiliated Managers Group, Inc engages in the provision of asset management with equity investment. The company was founded by in December 1993 and is headquartered in West Palm Beach, FL.
- Get a free copy of the StockNews.com research report on Affiliated Managers Group (AMG)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Affiliated Managers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group and related companies with MarketBeat.com's FREE daily email newsletter.