Affiliated Managers Group (AMG) PT Lowered to $150.00 at Barrington Research

Affiliated Managers Group (NYSE:AMG) had its target price lowered by investment analysts at Barrington Research from $200.00 to $150.00 in a research report issued to clients and investors on Monday, The Fly reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. Barrington Research’s target price suggests a potential upside of 30.24% from the company’s previous close.

AMG has been the topic of a number of other research reports. Zacks Investment Research raised Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Keefe, Bruyette & Woods raised Affiliated Managers Group from a “market perform” rating to an “outperform” rating and set a $191.00 price objective on the stock in a research report on Monday, July 30th. Deutsche Bank cut their price objective on Affiliated Managers Group from $187.00 to $172.00 and set a “buy” rating on the stock in a research report on Thursday, October 11th. Finally, Citigroup upped their price objective on Affiliated Managers Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $190.50.

Affiliated Managers Group stock opened at $115.17 on Monday. Affiliated Managers Group has a twelve month low of $110.27 and a twelve month high of $216.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $6.17 billion, a PE ratio of 7.89, a P/E/G ratio of 0.58 and a beta of 1.48.



Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, October 29th. The asset manager reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.42 by $0.03. Affiliated Managers Group had a return on equity of 19.44% and a net margin of 29.59%. The business had revenue of $601.30 million for the quarter, compared to analyst estimates of $604.82 million. During the same quarter in the prior year, the company earned $3.41 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Analysts predict that Affiliated Managers Group will post 15.14 EPS for the current year.

Several hedge funds have recently modified their holdings of AMG. Dynamic Technology Lab Private Ltd acquired a new position in shares of Affiliated Managers Group during the first quarter worth $247,000. Cerebellum GP LLC acquired a new position in shares of Affiliated Managers Group during the second quarter worth $172,000. IFM Investors Pty Ltd grew its stake in shares of Affiliated Managers Group by 69.0% during the second quarter. IFM Investors Pty Ltd now owns 1,925 shares of the asset manager’s stock worth $286,000 after purchasing an additional 786 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Affiliated Managers Group by 22.7% during the second quarter. State of Alaska Department of Revenue now owns 13,440 shares of the asset manager’s stock worth $1,996,000 after purchasing an additional 2,490 shares in the last quarter. Finally, First National Bank of Omaha grew its stake in shares of Affiliated Managers Group by 9.2% during the second quarter. First National Bank of Omaha now owns 56,221 shares of the asset manager’s stock worth $9,115,000 after purchasing an additional 4,725 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Affiliated Managers Group Company Profile

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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