Affiliated Managers Group (NYSE:AMG) Receives Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Affiliated Managers Group (NYSE:AMG) in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a $190.00 price target on the asset manager’s stock.

Affiliated Managers Group Trading Down 1.1 %

Shares of NYSE AMG opened at $155.55 on Tuesday. The stock has a market cap of $5.05 billion, a P/E ratio of 8.97, a PEG ratio of 0.56 and a beta of 1.31. The business’s fifty day simple moving average is $161.50 and its 200-day simple moving average is $150.00. Affiliated Managers Group has a 12-month low of $120.22 and a 12-month high of $169.65.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, May 6th. The asset manager reported $5.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.21 by $0.16. The business had revenue of $499.90 million during the quarter, compared to analysts’ expectations of $524.53 million. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. During the same quarter last year, the business posted $4.18 EPS. On average, equities analysts forecast that Affiliated Managers Group will post 22.03 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.23%.

Institutional Trading of Affiliated Managers Group

A number of institutional investors have recently bought and sold shares of AMG. Lindbrook Capital LLC lifted its stake in Affiliated Managers Group by 80.0% during the fourth quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Denali Advisors LLC raised its holdings in Affiliated Managers Group by 429.2% during the first quarter. Denali Advisors LLC now owns 254 shares of the asset manager’s stock worth $43,000 after purchasing an additional 206 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Affiliated Managers Group during the 4th quarter worth approximately $62,000. Quadrant Capital Group LLC boosted its holdings in shares of Affiliated Managers Group by 45.6% in the 4th quarter. Quadrant Capital Group LLC now owns 591 shares of the asset manager’s stock valued at $89,000 after buying an additional 185 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Affiliated Managers Group by 17.1% in the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock valued at $93,000 after buying an additional 90 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

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.