Affiliated Managers Group (NYSE:AMG) Hits New 1-Year High at $175.77

Affiliated Managers Group, Inc. (NYSE:AMG)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $175.77 and last traded at $175.53, with a volume of 87825 shares. The stock had previously closed at $169.27.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AMG shares. Barrington Research restated an “outperform” rating and issued a $190.00 target price on shares of Affiliated Managers Group in a report on Thursday, July 11th. TD Cowen raised their target price on shares of Affiliated Managers Group from $198.00 to $201.00 and gave the stock a “buy” rating in a report on Monday, July 8th.

Affiliated Managers Group Stock Performance

The company has a market cap of $5.56 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 0.60 and a beta of 1.22. The business’s fifty day moving average is $159.46 and its two-hundred day moving average is $158.40.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, May 6th. The asset manager reported $5.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.21 by $0.16. Affiliated Managers Group had a net margin of 33.74% and a return on equity of 16.66%. The firm had revenue of $499.90 million for the quarter, compared to the consensus estimate of $524.53 million. During the same quarter in the previous year, the firm earned $4.18 EPS. Analysts expect that Affiliated Managers Group, Inc. will post 21.59 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, May 15th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.22%.

Institutional Trading of Affiliated Managers Group

Institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC boosted its stake in Affiliated Managers Group by 80.0% in the 4th quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock worth $25,000 after purchasing an additional 72 shares in the last quarter. Denali Advisors LLC lifted its stake in Affiliated Managers Group by 429.2% during the 1st quarter. Denali Advisors LLC now owns 254 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 206 shares during the period. GAMMA Investing LLC acquired a new stake in Affiliated Managers Group during the 4th quarter valued at approximately $62,000. Quadrant Capital Group LLC lifted its stake in Affiliated Managers Group by 45.6% during the 4th quarter. Quadrant Capital Group LLC now owns 591 shares of the asset manager’s stock valued at $89,000 after acquiring an additional 185 shares during the period. Finally, Blue Trust Inc. lifted its stake in Affiliated Managers Group by 17.1% during the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock valued at $93,000 after acquiring an additional 90 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Company Profile

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.