Affiliated Managers Group, Inc. (NYSE:AMG)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a note issued to investors on Wednesday, The Fly reports. They presently have a $215.00 price target on the asset manager’s stock. Barrington Research’s target price points to a potential upside of 10.21% from the stock’s previous close. The analysts noted that the move was a valuation call.

AMG has been the topic of a number of other research reports. Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $186.00 target price on the stock in a report on Tuesday, July 4th. ValuEngine raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Credit Suisse Group reissued a “buy” rating and set a $207.00 target price on shares of Affiliated Managers Group in a report on Sunday, July 9th. BidaskClub raised shares of Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $200.00 target price on shares of Affiliated Managers Group in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $200.67.

Affiliated Managers Group (NYSE:AMG) traded up 1.15% during trading on Wednesday, hitting $195.08. The stock had a trading volume of 365,543 shares. The firm has a 50 day moving average price of $179.84 and a 200-day moving average price of $168.76. Affiliated Managers Group has a 1-year low of $130.48 and a 1-year high of $195.81. The firm has a market capitalization of $10.92 billion, a PE ratio of 21.61 and a beta of 1.66.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, July 31st. The asset manager reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. Affiliated Managers Group had a net margin of 35.80% and a return on equity of 14.54%. The business had revenue of $570.90 million for the quarter, compared to analysts’ expectations of $573.73 million. During the same quarter in the previous year, the firm posted $3.07 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts expect that Affiliated Managers Group will post $14.52 EPS for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Affiliated Managers Group by 5.1% in the second quarter. Vanguard Group Inc. now owns 5,574,012 shares of the asset manager’s stock worth $924,505,000 after acquiring an additional 270,929 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Affiliated Managers Group by 60.9% in the second quarter. The Manufacturers Life Insurance Company now owns 3,591,358 shares of the asset manager’s stock worth $595,663,000 after acquiring an additional 1,359,805 shares in the last quarter. BlackRock Inc. grew its position in Affiliated Managers Group by 3,178.4% in the first quarter. BlackRock Inc. now owns 3,425,390 shares of the asset manager’s stock worth $561,556,000 after acquiring an additional 3,320,906 shares in the last quarter. State Street Corp grew its position in Affiliated Managers Group by 6.7% in the second quarter. State Street Corp now owns 2,757,345 shares of the asset manager’s stock worth $457,334,000 after acquiring an additional 174,278 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C grew its position in Affiliated Managers Group by 0.6% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,973,612 shares of the asset manager’s stock worth $327,343,000 after acquiring an additional 10,982 shares in the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

About Affiliated Managers Group

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

The Fly

Analyst Recommendations for Affiliated Managers Group (NYSE:AMG)

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