Analysts Set Affiliated Managers Group, Inc. (NYSE:AMG) PT at $195.40

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) have received a consensus recommendation of “Hold” from the five analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $195.40.

Several analysts have weighed in on AMG shares. TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Barrington Research dropped their price objective on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group downgraded shares of 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 report on Monday, January 6th.

Affiliated Managers Group Price Performance

Shares of Affiliated Managers Group stock opened at $188.20 on Friday. The company’s fifty day moving average price is $185.72 and its two-hundred day moving average price is $180.89. The firm has a market capitalization of $5.69 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.69 and a beta of 1.15. Affiliated Managers Group has a 52-week low of $147.13 and a 52-week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The business had revenue of $525.20 million during the quarter, compared to the consensus estimate of $521.87 million. During the same quarter in the previous year, the firm posted $4.08 EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts predict that Affiliated Managers Group will post 20.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new position in Affiliated Managers Group during the third quarter worth $30,000. UMB Bank n.a. grew its stake in shares of 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 acquiring an additional 154 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Affiliated Managers Group during the third quarter valued at about $46,000. Prospera Private Wealth LLC purchased a new stake in Affiliated Managers Group in the 3rd quarter valued at about $47,000. Finally, Brooklyn Investment Group bought a new position in shares of Affiliated Managers Group during the 3rd quarter worth approximately $49,000. 95.30% of the stock is owned by institutional investors.

About Affiliated Managers Group

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.