Affiliated Managers Group, Inc. (NYSE:AMG) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) have earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $340.50.

Several equities analysts recently issued reports on AMG shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Affiliated Managers Group in a research report on Wednesday, January 21st. Zacks Research downgraded Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $282.00 price objective on shares of Affiliated Managers Group in a report on Tuesday, November 4th. The Goldman Sachs Group boosted their target price on Affiliated Managers Group from $300.00 to $341.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Saturday, January 31st.

Affiliated Managers Group Stock Down 0.1%

Shares of Affiliated Managers Group stock opened at $305.31 on Tuesday. The company has a 50-day simple moving average of $297.74 and a two-hundred day simple moving average of $258.18. The stock has a market capitalization of $8.59 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 0.57 and a beta of 1.21. Affiliated Managers Group has a 52-week low of $139.22 and a 52-week high of $333.99. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30.

Institutional Investors Weigh In On Affiliated Managers Group

A number of hedge funds have recently added to or reduced their stakes in AMG. AlphaCore Capital LLC grew its holdings in shares of Affiliated Managers Group by 3.4% in the fourth quarter. AlphaCore Capital LLC now owns 1,083 shares of the asset manager’s stock worth $312,000 after acquiring an additional 36 shares during the period. Allworth Financial LP grew its stake in shares of Affiliated Managers Group by 10.3% during the 4th quarter. Allworth Financial LP now owns 482 shares of the asset manager’s stock valued at $139,000 after purchasing an additional 45 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of Affiliated Managers Group by 2.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,400 shares of the asset manager’s stock valued at $692,000 after purchasing an additional 46 shares during the period. US Bancorp DE increased its position in shares of Affiliated Managers Group by 1.4% during the 3rd quarter. US Bancorp DE now owns 3,561 shares of the asset manager’s stock valued at $849,000 after purchasing an additional 49 shares during the last quarter. Finally, Procyon Advisors LLC lifted its stake in shares of Affiliated Managers Group by 3.1% in the 3rd quarter. Procyon Advisors LLC now owns 1,648 shares of the asset manager’s stock worth $393,000 after purchasing an additional 50 shares during the period. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

About Affiliated Managers Group

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.