Brokerages Set Affiliated Managers Group, Inc. (NYSE:AMG) Target Price at $195.40

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) have earned a consensus rating of “Hold” from the five research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $198.40.

A number of research firms have recently commented on AMG. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Barrington Research increased their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday.

Institutional Trading of Affiliated Managers Group

Several institutional investors and hedge funds have recently bought and sold shares of AMG. Charles Schwab Investment Management Inc. increased its holdings in shares of Affiliated Managers Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock worth $61,228,000 after acquiring an additional 2,264 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Affiliated Managers Group by 4.0% in the fourth quarter. New York State Common Retirement Fund now owns 192,524 shares of the asset manager’s stock valued at $35,602,000 after purchasing an additional 7,377 shares during the last quarter. Empirical Asset Management LLC raised its position in shares of Affiliated Managers Group by 10,522.8% in the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after purchasing an additional 188,568 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Affiliated Managers Group by 84.3% during the 4th quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager’s stock worth $28,886,000 after buying an additional 71,458 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Affiliated Managers Group during the 4th quarter worth about $28,818,000. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Performance

NYSE AMG opened at $182.63 on Friday. Affiliated Managers Group has a 52 week low of $147.13 and a 52 week high of $199.52. The stock’s 50 day moving average price is $185.22 and its two-hundred day moving average price is $181.11. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.69 and a beta of 1.15.

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, topping 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%. On average, equities research analysts forecast that Affiliated Managers Group will post 20.9 EPS for the current year.

About Affiliated Managers Group

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.