Barrington Research Has Lowered Expectations for Affiliated Managers Group (NYSE:AMG) Stock Price

Affiliated Managers Group (NYSE:AMG) had its price target lowered by stock analysts at Barrington Research from $215.00 to $200.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. Barrington Research’s price objective would indicate a potential upside of 24.77% from the company’s previous close.

A number of other research firms have also recently weighed in on AMG. Bank of America dropped their price target on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.40.

Affiliated Managers Group Stock Performance

Shares of NYSE AMG opened at $160.30 on Tuesday. Affiliated Managers Group has a 12 month low of $139.22 and a 12 month high of $199.52. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The company has a market cap of $4.69 billion, a P/E ratio of 10.62, a P/E/G ratio of 0.57 and a beta of 1.09. The business’s 50 day moving average is $166.52 and its two-hundred day moving average is $179.09.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. On average, equities analysts expect that Affiliated Managers Group will post 22.86 EPS for the current year.

Hedge Funds Weigh In On Affiliated Managers Group

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its position in shares of Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 62 shares during the period. Versant Capital Management Inc lifted its stake in Affiliated Managers Group by 70.8% in the 1st quarter. Versant Capital Management Inc now owns 181 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 75 shares during the last quarter. Private Trust Co. NA lifted its stake in Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 124 shares during the last quarter. UMB Bank n.a. grew its holdings in Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after purchasing an additional 69 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Affiliated Managers Group during the third quarter worth approximately $46,000. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Company Profile

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.