Deutsche Bank Aktiengesellschaft Boosts Affiliated Managers Group (NYSE:AMG) Price Target to $154.00

Affiliated Managers Group (NYSE:AMG – Get Rating) had its target price increased by Deutsche Bank Aktiengesellschaft from $133.00 to $154.00 in a report published on Tuesday morning, The Fly reports.

AMG has been the topic of a number of other research reports. Keefe, Bruyette & Woods lowered their price objective on Affiliated Managers Group from $167.00 to $150.00 and set an outperform rating on the stock in a research note on Tuesday, June 28th. Citigroup decreased their price target on Affiliated Managers Group from $241.00 to $222.00 in a research note on Tuesday, May 3rd. Barrington Research decreased their price target on Affiliated Managers Group from $190.00 to $160.00 in a research note on Monday, May 2nd. Finally, StockNews.com raised Affiliated Managers Group from a hold rating to a buy rating in a research note on Thursday, July 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $174.40.

Affiliated Managers Group Price Performance

Shares of NYSE:AMG opened at $129.81 on Tuesday. The business’s 50 day moving average price is $123.01 and its 200-day moving average price is $131.50. The firm has a market capitalization of $5.06 billion, a PE ratio of 9.77, a P/E/G ratio of 0.76 and a beta of 1.31. Affiliated Managers Group has a 1 year low of $109.57 and a 1 year high of $191.62.

Affiliated Managers Group (NYSE:AMG – Get Rating) last issued its quarterly earnings results on Monday, August 1st. The asset manager reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.95 by $0.08. Affiliated Managers Group had a return on equity of 21.89% and a net margin of 22.69%. During the same period last year, the firm earned $4.03 EPS. As a group, analysts expect that Affiliated Managers Group will post 18.52 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Affiliated Managers Group’s dividend payout ratio is presently 0.30%.

Institutional Investors Weigh In On Affiliated Managers Group

Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC increased its holdings in Affiliated Managers Group by 86.8% during the 2nd quarter. Parallel Advisors LLC now owns 241 shares of the asset manager’s stock worth $28,000 after purchasing an additional 112 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of Affiliated Managers Group in the 1st quarter valued at about $30,000. Fifth Third Bancorp increased its holdings in shares of Affiliated Managers Group by 57.7% in the 2nd quarter. Fifth Third Bancorp now owns 257 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 94 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Affiliated Managers Group by 70.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 206 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 85 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Affiliated Managers Group by 76.3% in the 1st quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

About Affiliated Managers Group

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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.