Affiliated Managers Group, Inc. (NYSE:AMG) Receives $362.29 Consensus Target Price from Analysts

Affiliated Managers Group, Inc. (NYSE:AMG) has earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $362.2857.

Several equities research analysts recently issued reports on AMG shares. Barrington Research reaffirmed an “outperform” rating and set a $365.00 price target on shares of Affiliated Managers Group in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 price target on shares of Affiliated Managers Group in a report on Monday, May 4th. TD Cowen reaffirmed a “buy” rating and set a $454.00 price target on shares of Affiliated Managers Group in a report on Wednesday, May 13th. Wall Street Zen lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $405.00 price target on shares of Affiliated Managers Group in a report on Monday, May 4th.

Insider Activity

In other Affiliated Managers Group news, General Counsel Kavita Padiyar sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $278.24, for a total transaction of $612,128.00. Following the sale, the general counsel directly owned 42,672 shares of the company’s stock, valued at $11,873,057.28. The trade was a 4.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rodriguez Felix V. Matos sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $300.18, for a total transaction of $300,180.00. Following the sale, the director directly owned 4,369 shares in the company, valued at $1,311,486.42. The trade was a 18.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 14,602 shares of company stock worth $4,240,522. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Affiliated Managers Group

Institutional investors have recently added to or reduced their stakes in the business. Boston Partners raised its position in shares of Affiliated Managers Group by 2.1% during the third quarter. Boston Partners now owns 1,157,344 shares of the asset manager’s stock worth $275,957,000 after acquiring an additional 24,217 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Affiliated Managers Group by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 718,313 shares of the asset manager’s stock worth $198,746,000 after acquiring an additional 18,865 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Affiliated Managers Group by 20.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 685,588 shares of the asset manager’s stock worth $197,641,000 after acquiring an additional 115,313 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Affiliated Managers Group by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 551,153 shares of the asset manager’s stock worth $158,916,000 after acquiring an additional 41,322 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Affiliated Managers Group by 0.7% during the third quarter. LSV Asset Management now owns 479,624 shares of the asset manager’s stock worth $114,357,000 after acquiring an additional 3,400 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Price Performance

Shares of NYSE:AMG opened at $301.99 on Thursday. The stock has a market capitalization of $7.98 billion, a PE ratio of 12.22, a PEG ratio of 0.52 and a beta of 1.14. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $288.51 and a 200-day moving average of $290.59. Affiliated Managers Group has a 12 month low of $172.54 and a 12 month high of $334.78.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Friday, May 1st. The asset manager reported $8.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.10 by $0.13. The company had revenue of $544.90 million for the quarter, compared to analyst estimates of $544.01 million. Affiliated Managers Group had a net margin of 35.55% and a return on equity of 20.17%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $5.37 EPS. On average, equities research analysts predict that Affiliated Managers Group will post 34.31 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Monday, May 11th. Affiliated Managers Group’s payout ratio is presently 0.16%.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.