Affiliated Managers Group, Inc. (NYSE:AMG) reached a new 52-week low on Friday . The stock traded as low as $141.09 and last traded at $142.00, with a volume of 15968 shares trading hands. The stock had previously closed at $144.18.

AMG has been the topic of several research reports. Deutsche Bank dropped their price target on Affiliated Managers Group from $195.00 to $191.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Zacks Investment Research upgraded Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Friday, June 29th. Citigroup lifted their price target on Affiliated Managers Group from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Barrington Research dropped their price target on Affiliated Managers Group from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Monday, July 16th. Finally, TheStreet lowered Affiliated Managers Group from a “b-” rating to a “c+” rating in a research report on Monday, June 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $207.63.

The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.43. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 0.71 and a beta of 1.48.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, July 30th. The asset manager reported $3.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.59 by $0.02. Affiliated Managers Group had a return on equity of 19.44% and a net margin of 29.59%. The company had revenue of $600.10 million for the quarter, compared to analyst estimates of $604.68 million. During the same period in the previous year, the company posted $3.33 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. equities analysts forecast that Affiliated Managers Group, Inc. will post 15.46 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Shareholders of record on Thursday, August 9th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, August 8th. Affiliated Managers Group’s dividend payout ratio (DPR) is 8.22%.

Institutional investors have recently added to or reduced their stakes in the business. Optimum Investment Advisors bought a new stake in Affiliated Managers Group in the first quarter worth $104,000. ClariVest Asset Management LLC bought a new stake in Affiliated Managers Group in the first quarter worth $175,000. Koch Industries Inc. bought a new stake in Affiliated Managers Group in the first quarter worth $209,000. Commerzbank Aktiengesellschaft FI bought a new stake in Affiliated Managers Group in the first quarter worth $217,000. Finally, Cerebellum GP LLC bought a new stake in Affiliated Managers Group in the second quarter worth $172,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Company Profile (NYSE:AMG)

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

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