Affiliated Managers Group Inc. (NYSE:AMG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Capital One Financial Corp. in a research note issued on Wednesday. They presently have a $188.00 price target on the stock. Capital One Financial Corp.’s target price would indicate a potential upside of 27.83% from the stock’s current price.
Other analysts also recently issued reports about the company. Jefferies Group restated a “buy” rating on shares of Affiliated Managers Group in a research report on Thursday, August 11th. Deutsche Bank AG reduced their target price on Affiliated Managers Group from $192.00 to $183.00 and set a “buy” rating on the stock in a research report on Friday, August 5th. Credit Suisse Group AG reiterated a “buy” rating and set a $238.00 target price on shares of Affiliated Managers Group in a research report on Wednesday, June 8th. Finally, Zacks Investment Research upgraded Affiliated Managers Group from a “sell” rating to a “buy” rating and set a $164.00 target price on the stock in a research report on Tuesday. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $179.92.
Affiliated Managers Group (NYSE:AMG) traded up 2.86% during trading on Wednesday, reaching $151.27. The company’s stock had a trading volume of 225,275 shares. The company’s 50-day moving average is $143.48 and its 200-day moving average is $153.72. Affiliated Managers Group has a 1-year low of $115.97 and a 1-year high of $190.74. The company has a market capitalization of $8.15 billion, a P/E ratio of 17.59 and a beta of 1.56.
Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, August 1st. The company reported $3.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $646.60 million for the quarter, compared to the consensus estimate of $565.16 million. During the same period in the prior year, the business earned $3.08 earnings per share. The business’s revenue was down 14.3% on a year-over-year basis. Equities analysts anticipate that Affiliated Managers Group will post $12.86 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC raised its stake in Affiliated Managers Group by 12.0% in the first quarter. Riverhead Capital Management LLC now owns 17,214 shares of the company’s stock worth $2,796,000 after buying an additional 1,845 shares during the period. Barr E S & Co. increased its position in shares of Affiliated Managers Group by 15.2% in the first quarter. Barr E S & Co. now owns 143,469 shares of the company’s stock worth $23,299,000 after buying an additional 18,922 shares in the last quarter. Pictet Asset Management Ltd. increased its position in shares of Affiliated Managers Group by 3.5% in the first quarter. Pictet Asset Management Ltd. now owns 29,415 shares of the company’s stock worth $4,080,000 after buying an additional 1,000 shares in the last quarter. Rafferty Asset Management LLC increased its position in shares of Affiliated Managers Group by 49.0% in the first quarter. Rafferty Asset Management LLC now owns 7,214 shares of the company’s stock worth $1,172,000 after buying an additional 2,373 shares in the last quarter. Finally, BB&T Securities LLC acquired a new position in shares of Affiliated Managers Group during the first quarter worth approximately $5,241,000. Institutional investors and hedge funds own 96.68% of the company’s stock.
About Affiliated Managers Group