TD Cowen Lowers Affiliated Managers Group (NYSE:AMG) Price Target to $168.00

Affiliated Managers Group (NYSE:AMG) had its price target reduced by analysts at TD Cowen from $187.00 to $168.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the asset manager’s stock. TD Cowen’s price objective would suggest a potential upside of 9.21% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Barrington Research decreased their price objective on Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $193.00 to $191.00 in a report on Monday, January 6th. Finally, Bank of America cut their target price on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $192.40.

Affiliated Managers Group Stock Down 3.8 %

Affiliated Managers Group stock opened at $153.83 on Wednesday. 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 capitalization of $4.50 billion, a PE ratio of 10.19, a PEG ratio of 0.57 and a beta of 1.09. The firm’s fifty day moving average is $165.92 and its 200 day moving average is $178.92. Affiliated Managers Group has a 12-month low of $139.22 and a 12-month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) 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%. As a group, sell-side analysts predict that Affiliated Managers Group will post 22.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Affiliated Managers Group

Large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its holdings in Affiliated Managers Group by 79.5% during the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 62 shares during the period. Versant Capital Management Inc raised its stake in shares of Affiliated Managers Group by 70.8% in the first quarter. Versant Capital Management Inc now owns 181 shares of the asset manager’s stock valued at $30,000 after buying an additional 75 shares during the period. Private Trust Co. NA lifted its position in shares of Affiliated Managers Group by 131.9% during the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after buying an additional 124 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Affiliated Managers Group during the 3rd quarter worth $46,000. Finally, UMB Bank n.a. increased its holdings in Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after acquiring an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

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.