Barrington Research Lowers Affiliated Managers Group (NYSE:AMG) Price Target to $200.00

Affiliated Managers Group (NYSE:AMG) had its price target trimmed by Barrington Research from $215.00 to $200.00 in a report published on Tuesday,Benzinga reports. The firm currently has an outperform rating on the asset manager’s stock.

Several other equities research analysts also recently issued reports on the company. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, Bank of America cut their price target on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $194.20.

Affiliated Managers Group Stock Down 1.5 %

AMG opened at $143.39 on Tuesday. The firm has a market cap of $4.20 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The business has a 50 day moving average price of $167.66 and a 200 day moving average price of $179.35. Affiliated Managers Group has a twelve month low of $139.22 and a twelve month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Research analysts forecast that Affiliated Managers Group will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 annualized dividend and a yield of 0.03%. Affiliated Managers Group’s dividend payout ratio is 0.26%.

Institutional Trading of Affiliated Managers Group

Hedge funds have recently modified their holdings of the company. Boston Partners raised its stake in shares of Affiliated Managers Group by 46.1% in the fourth quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock valued at $218,975,000 after purchasing an additional 373,696 shares in the last quarter. Norges Bank acquired a new position in shares of Affiliated Managers Group in the 4th quarter valued at $68,683,000. Empirical Asset Management LLC lifted its holdings in shares of Affiliated Managers Group by 10,522.8% during the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock worth $347,000 after acquiring an additional 188,568 shares during the period. LSV Asset Management boosted its position in shares of Affiliated Managers Group by 79.1% during the 4th quarter. LSV Asset Management now owns 423,994 shares of the asset manager’s stock valued at $78,405,000 after acquiring an additional 187,290 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Affiliated Managers Group by 119.2% in the fourth quarter. Millennium Management LLC now owns 305,497 shares of the asset manager’s stock valued at $56,493,000 after acquiring an additional 166,144 shares during the period. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.