Affiliated Managers Group, Inc. (NYSE:AMG) announced a quarterly dividend on Monday, October 30th, NASDAQ reports. Investors of record on Thursday, November 9th will be given a dividend of 0.20 per share by the asset manager on Wednesday, November 22nd. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date is Wednesday, November 8th.

Affiliated Managers Group has a payout ratio of 5.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Affiliated Managers Group to earn $16.51 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 4.8%.

Shares of Affiliated Managers Group (AMG) opened at 185.50 on Tuesday. The firm has a market capitalization of $10.38 billion, a P/E ratio of 20.55 and a beta of 1.66. Affiliated Managers Group has a 52-week low of $130.48 and a 52-week high of $198.40. The company’s 50-day moving average is $189.35 and its 200 day moving average is $173.05.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.36 by $0.05. The business had revenue of $585.70 million during the quarter, compared to analyst estimates of $586.55 million. Affiliated Managers Group had a return on equity of 17.45% and a net margin of 22.99%. Affiliated Managers Group’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.02 earnings per share. Analysts expect that Affiliated Managers Group will post $14.48 EPS for the current fiscal year.

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A number of analysts have recently weighed in on AMG shares. Zacks Investment Research lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Barrington Research reissued an “outperform” rating and set a $215.00 price objective on shares of Affiliated Managers Group in a research note on Wednesday, October 4th. They noted that the move was a valuation call. Credit Suisse Group reissued a “buy” rating and set a $207.00 price objective on shares of Affiliated Managers Group in a research note on Sunday, July 9th. Jefferies Group LLC reissued a “buy” rating and set a $226.00 price objective on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Finally, BidaskClub raised Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Affiliated Managers Group currently has a consensus rating of “Buy” and a consensus target price of $207.25.

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.

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