News articles about Affiliated Managers Group (NYSE:AMG) have been trending positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Affiliated Managers Group earned a news impact score of 0.28 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 47.4443767575778 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Affiliated Managers Group, Inc. (AMG) Shares Bought by Eaton Vance Management (americanbankingnews.com)
- Affiliated Managers Group, Inc. (AMG) Shares Bought by Bank of New York Mellon Corp (americanbankingnews.com)
- Financial Counselors Inc. Has $7.29 Million Position in Affiliated Managers Group, Inc. (AMG) (americanbankingnews.com)
- Sirios Capital Management L P Reduces Position in Affiliated Managers Group, Inc. (AMG) (americanbankingnews.com)
- Martingale Asset Management L P Takes Position in Affiliated Managers Group, Inc. (AMG) (americanbankingnews.com)
Several equities analysts recently weighed in on AMG shares. Deutsche Bank raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and dropped their price target for the company from $216.00 to $215.00 in a research report on Tuesday, February 13th. Zacks Investment Research cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Citigroup lifted their target price on shares of Affiliated Managers Group from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Credit Suisse Group cut shares of Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 target price on the stock. in a research report on Wednesday, January 3rd. Finally, Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 target price on the stock. in a research report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $228.25.
Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, January 29th. The asset manager reported $4.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.55 by $0.13. Affiliated Managers Group had a net margin of 29.92% and a return on equity of 18.61%. The firm had revenue of $604.10 million for the quarter, compared to analysts’ expectations of $608.51 million. During the same quarter last year, the firm earned $3.80 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. sell-side analysts expect that Affiliated Managers Group will post 17.58 EPS for the current fiscal year.
Affiliated Managers Group announced that its Board of Directors has initiated a stock buyback program on Monday, January 29th that authorizes the company to buyback 3,400,000 shares. This buyback authorization authorizes the asset manager to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. This is a positive change from Affiliated Managers Group’s previous quarterly dividend of $0.20. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 14.41%.
In other news, insider Peter W. Macewen sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $197.67, for a total transaction of $1,976,700.00. Following the completion of the sale, the insider now owns 37,682 shares in the company, valued at approximately $7,448,600.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.
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Affiliated Managers Group Company Profile
Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.
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