Investment Analysts’ Weekly Ratings Changes for Affiliated Managers Group (AMG)

Several analysts have recently updated their ratings and price targets for Affiliated Managers Group (NYSE: AMG):

• 11/11/2024 – Affiliated Managers Group had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $204.00 to $208.00. They now have a “buy” rating on the stock.
• 11/5/2024 – Affiliated Managers Group had its price target lowered by analysts at Barrington Research from $210.00 to $200.00. They now have an “outperform” rating on the stock.
• 11/5/2024 – Affiliated Managers Group was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $177.00 price target on the stock, down previously from $226.00.
• 11/5/2024 – Affiliated Managers Group had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $219.00 to $204.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Affiliated Managers Group had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $210.00 price target on the stock.

Affiliated Managers Group Stock Up 1.5 %

NYSE AMG traded up $2.78 during trading hours on Wednesday, hitting $186.83. 254,298 shares of the company were exchanged, compared to its average volume of 240,521. The stock has a market cap of $5.57 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.67 and a beta of 1.18. The stock has a 50-day moving average price of $181.67 and a 200 day moving average price of $169.65. Affiliated Managers Group, Inc. has a 52 week low of $131.34 and a 52 week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). The business had revenue of $525.20 million for the quarter, compared to the consensus estimate of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.08 EPS. As a group, sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 21.01 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be issued a $0.01 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s payout ratio is 0.26%.

Insider Activity at Affiliated Managers Group

In other Affiliated Managers Group news, CEO Jay C. Horgen sold 9,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the completion of the sale, the chief executive officer now owns 377,276 shares in the company, valued at $64,883,926.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Affiliated Managers Group news, CEO Jay C. Horgen sold 9,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the sale, the chief executive officer now directly owns 377,276 shares of the company’s stock, valued at approximately $64,883,926.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Thomas M. Wojcik sold 4,786 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $172.71, for a total transaction of $826,590.06. Following the sale, the chief operating officer now directly owns 84,392 shares in the company, valued at approximately $14,575,342.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,408 shares of company stock worth $3,865,068. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Affiliated Managers Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ensign Peak Advisors Inc boosted its holdings in shares of Affiliated Managers Group by 0.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 9,902 shares of the asset manager’s stock worth $1,547,000 after buying an additional 60 shares during the period. Blair William & Co. IL raised its stake in Affiliated Managers Group by 0.5% during the 1st quarter. Blair William & Co. IL now owns 12,924 shares of the asset manager’s stock valued at $2,164,000 after purchasing an additional 69 shares during the last quarter. Covestor Ltd raised its stake in Affiliated Managers Group by 21.4% during the 3rd quarter. Covestor Ltd now owns 471 shares of the asset manager’s stock valued at $84,000 after purchasing an additional 83 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in Affiliated Managers Group by 1.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,712 shares of the asset manager’s stock valued at $838,000 after purchasing an additional 90 shares during the last quarter. Finally, Kendall Capital Management raised its stake in Affiliated Managers Group by 2.5% during the 2nd quarter. Kendall Capital Management now owns 4,135 shares of the asset manager’s stock valued at $646,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

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.