Barrington Research Raises Affiliated Managers Group (NYSE:AMG) Price Target to $215.00

Affiliated Managers Group (NYSE:AMG) had its target price boosted by investment analysts at Barrington Research from $200.00 to $215.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the asset manager’s stock. Barrington Research’s target price indicates a potential upside of 20.37% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and an average price target of $198.40.

Affiliated Managers Group Stock Down 2.3 %

Shares of Affiliated Managers Group stock opened at $178.61 on Thursday. The stock has a market cap of $5.40 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.69 and a beta of 1.15. Affiliated Managers Group has a 12-month low of $147.13 and a 12-month high of $199.52. The business’s 50 day moving average is $185.03 and its 200-day moving average is $181.16.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results 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 27.02% and a return on equity of 16.76%. On average, sell-side analysts expect that Affiliated Managers Group will post 20.9 EPS for the current year.

Institutional Trading of Affiliated Managers Group

Hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in shares of Affiliated Managers Group by 79.5% during the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after buying an additional 62 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Affiliated Managers Group during the third quarter worth about $30,000. UMB Bank n.a. raised its stake in Affiliated Managers Group by 481.3% in the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock worth $33,000 after purchasing an additional 154 shares in the last quarter. Private Trust Co. NA boosted its holdings in Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 124 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Affiliated Managers Group during the 3rd quarter worth approximately $46,000. 95.30% of the stock is owned by institutional investors and hedge funds.

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.