Affiliated Managers Group (NYSE:AMG) Earns Outperform Rating from Barrington Research

Affiliated Managers Group (NYSE:AMG)‘s stock had its “outperform” rating restated by stock analysts at Barrington Research in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $190.00 target price on the asset manager’s stock. Barrington Research’s price objective would indicate a potential upside of 13.85% from the stock’s previous close. Barrington Research also issued estimates for Affiliated Managers Group’s FY2025 earnings at $24.00 EPS.

Separately, TD Cowen boosted their target price on shares of Affiliated Managers Group from $198.00 to $201.00 and gave the company a “buy” rating in a report on Monday, July 8th.

Affiliated Managers Group Stock Up 1.1 %

NYSE:AMG opened at $166.89 on Thursday. The stock has a market cap of $5.32 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 0.52 and a beta of 1.22. The firm’s fifty day simple moving average is $157.43 and its 200 day simple moving average is $157.23. Affiliated Managers Group has a twelve month low of $120.22 and a twelve month high of $169.65.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, May 6th. The asset manager reported $5.37 EPS for the quarter, beating analysts’ consensus estimates of $5.21 by $0.16. Affiliated Managers Group had a net margin of 33.74% and a return on equity of 16.66%. The firm had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $524.53 million. During the same quarter in the previous year, the business posted $4.18 EPS. On average, analysts expect that Affiliated Managers Group will post 21.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Affiliated Managers Group

Large investors have recently modified their holdings of the stock. CWM LLC raised its position in Affiliated Managers Group by 8.8% in the 2nd quarter. CWM LLC now owns 2,720 shares of the asset manager’s stock worth $425,000 after buying an additional 220 shares during the last quarter. Marcum Wealth LLC purchased a new position in Affiliated Managers Group in the 2nd quarter worth about $267,000. First Hawaiian Bank purchased a new position in Affiliated Managers Group in the 2nd quarter worth about $644,000. Invst LLC purchased a new position in Affiliated Managers Group in the 1st quarter worth about $813,000. Finally, Burney Co. purchased a new position in Affiliated Managers Group in the 1st quarter worth about $466,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

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.