AMG has been the topic of a number of other research reports. Deutsche Bank AG restated a buy rating on shares of Affiliated Managers Group in a research note on Sunday, July 10th. Zacks Investment Research upgraded Affiliated Managers Group from a sell rating to a hold rating in a research note on Thursday, September 1st. Keefe, Bruyette & Woods decreased their price target on Affiliated Managers Group from $215.00 to $196.00 and set an outperform rating for the company in a research note on Tuesday, August 2nd. Jefferies Group decreased their price target on Affiliated Managers Group from $197.00 to $195.00 and set a buy rating for the company in a research note on Monday, July 11th. Finally, TheStreet downgraded Affiliated Managers Group from a buy rating to a hold rating in a research note on Friday, June 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Affiliated Managers Group has a consensus rating of Buy and a consensus price target of $180.55.
Shares of Affiliated Managers Group (NYSE:AMG) opened at 146.40 on Wednesday. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 17.03 and a beta of 1.56. The company has a 50-day moving average of $143.39 and a 200 day moving average of $153.82. Affiliated Managers Group has a one year low of $115.97 and a one year high of $190.74.
Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, August 1st. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.05. Affiliated Managers Group had a return on equity of 18.39% and a net margin of 20.47%. The firm had revenue of $646.60 million for the quarter, compared to the consensus estimate of $565.16 million. During the same quarter in the previous year, the company posted $3.08 earnings per share. The business’s quarterly revenue was down 14.3% compared to the same quarter last year. Equities research analysts forecast that Affiliated Managers Group will post $12.86 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Atlanta Capital Management Co. L L C boosted its position in Affiliated Managers Group by 41.2% in the first quarter. Atlanta Capital Management Co. L L C now owns 1,715,527 shares of the company’s stock valued at $278,601,000 after buying an additional 500,978 shares during the period. Marshall Wace LLP boosted its position in Affiliated Managers Group by 107.3% in the second quarter. Marshall Wace LLP now owns 602,691 shares of the company’s stock valued at $84,841,000 after buying an additional 311,991 shares during the period. Emerald Acquisition Ltd. purchased a new position in Affiliated Managers Group during the second quarter valued at approximately $40,476,000. Fiera Capital Corp purchased a new position in Affiliated Managers Group during the second quarter valued at approximately $26,068,000. Finally, Junto Capital Management LP purchased a new position in Affiliated Managers Group during the first quarter valued at approximately $23,903,000. 96.68% of the stock is owned by hedge funds and other institutional investors.
About Affiliated Managers Group
Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.
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