Barrington Research Issues Positive Forecast for Affiliated Managers Group (NYSE:AMG) Stock Price

Affiliated Managers Group (NYSE:AMG) had its target price lifted by equities research analysts at Barrington Research from $200.00 to $215.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. Barrington Research’s price objective suggests a potential upside of 17.72% from the company’s previous close.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $193.00 to $191.00 in a research note on Monday, January 6th. TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $198.40.

Affiliated Managers Group Trading Up 0.1 %

NYSE AMG traded up $0.21 during trading on Thursday, reaching $182.63. 301,818 shares of the company’s stock were exchanged, compared to its average volume of 197,672. The firm has a market capitalization of $5.52 billion, a PE ratio of 11.91, a P/E/G ratio of 0.69 and a beta of 1.15. Affiliated Managers Group has a fifty-two week low of $147.13 and a fifty-two week high of $199.52. The company’s fifty day simple moving average is $185.34 and its 200-day simple moving average is $181.10.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, beating analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. Equities analysts forecast that Affiliated Managers Group will post 20.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Affiliated Managers Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. World Investment Advisors LLC acquired a new position in Affiliated Managers Group in the 3rd quarter valued at $2,592,000. Asset Management One Co. Ltd. grew its position in shares of Affiliated Managers Group by 94.3% in the third quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager’s stock valued at $1,884,000 after purchasing an additional 5,142 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Affiliated Managers Group in the third quarter worth about $543,000. Empirical Asset Management LLC lifted its position in shares of Affiliated Managers Group by 10,522.8% during the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock worth $347,000 after purchasing an additional 188,568 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in Affiliated Managers Group during the 3rd quarter valued at approximately $2,130,000. Institutional investors and hedge funds 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.