Affiliated Managers Group Inc. (NYSE:AMG)‘s stock had its “buy” rating restated by analysts at Credit Suisse Group AG in a report released on Monday. They presently have a $195.00 target price on the stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 31.23% from the company’s current price.
Several other equities analysts have also issued reports on AMG. Jefferies Group decreased their price target on Affiliated Managers Group from $197.00 to $195.00 and set a “buy” rating on the stock in a research note on Monday, July 11th. Deutsche Bank AG reiterated a “buy” rating on shares of Affiliated Managers Group in a research note on Sunday, July 10th. Keefe, Bruyette & Woods decreased their price target on Affiliated Managers Group from $215.00 to $196.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 2nd. Finally, Zacks Investment Research lowered Affiliated Managers Group from a “hold” rating to a “sell” rating in a research note on Monday, August 8th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $173.67.
Affiliated Managers Group (NYSE:AMG) traded up 0.94% during trading on Monday, reaching $148.59. The company’s stock had a trading volume of 246,032 shares. The firm has a 50 day moving average price of $141.32 and a 200-day moving average price of $147.55. Affiliated Managers Group has a 52-week low of $115.97 and a 52-week high of $180.01. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 17.15 and a beta of 1.54.
Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, October 31st. The company reported $3.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.00 by $0.02. Affiliated Managers Group had a return on equity of 18.04% and a net margin of 21.10%. The company had revenue of $613.10 million for the quarter, compared to analyst estimates of $565.44 million. During the same quarter last year, the company posted $2.93 EPS. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. On average, analysts expect that Affiliated Managers Group will post $12.79 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. Mizuho Asset Management Co. Ltd. raised its stake in Affiliated Managers Group by 92.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 729 shares of the company’s stock worth $103,000 after buying an additional 350 shares during the period. Mycio Wealth Partners LLC raised its stake in Affiliated Managers Group by 47.9% in the second quarter. Mycio Wealth Partners LLC now owns 880 shares of the company’s stock worth $124,000 after buying an additional 285 shares during the period. Advisor Group Inc. bought a new stake in Affiliated Managers Group during the second quarter worth approximately $124,000. FNY Managed Accounts LLC raised its stake in Affiliated Managers Group by 360.0% in the second quarter. FNY Managed Accounts LLC now owns 920 shares of the company’s stock worth $130,000 after buying an additional 720 shares during the period. Finally, HBK Sorce Advisory LLC bought a new stake in Affiliated Managers Group during the third quarter worth approximately $132,000. Hedge funds and other institutional investors own 96.80% of the company’s stock.
About Affiliated Managers Group