Affiliated Managers Group, Inc. (NYSE:AMG) has received an average rating of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $206.43.
A number of equities research analysts have recently weighed in on the company. Jefferies Group reissued a “buy” rating and set a $226.00 target price on shares of Affiliated Managers Group in a report on Thursday, October 12th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a report on Thursday, October 12th. Zacks Investment Research downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Barrington Research reissued an “outperform” rating and set a $215.00 target price on shares of Affiliated Managers Group in a report on Wednesday, October 4th. They noted that the move was a valuation call.
In other Affiliated Managers Group news, CEO Sean M. Healey sold 69,800 shares of Affiliated Managers Group stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $185.48, for a total value of $12,946,504.00. Following the transaction, the chief executive officer now owns 194,943 shares in the company, valued at $36,158,027.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter W. Macewen sold 10,000 shares of Affiliated Managers Group stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $197.67, for a total value of $1,976,700.00. Following the completion of the transaction, the insider now owns 37,682 shares in the company, valued at approximately $7,448,600.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,585 shares of company stock valued at $16,734,012. 1.40% of the stock is owned by insiders.
Shares of Affiliated Managers Group (NYSE AMG) opened at $194.19 on Friday. Affiliated Managers Group has a twelve month low of $139.52 and a twelve month high of $202.09. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $10,878.49, a price-to-earnings ratio of 14.23, a PEG ratio of 0.92 and a beta of 1.71.
Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The company had revenue of $585.70 million during the quarter, compared to the consensus estimate of $586.55 million. During the same quarter last year, the firm earned $3.02 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. research analysts forecast that Affiliated Managers Group will post 14.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Wednesday, November 8th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 8.66%.
Affiliated Managers Group Company Profile
Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.
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