Media headlines about Affiliated Managers Group (NYSE:AMG) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Affiliated Managers Group earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 47.2151283846027 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several analysts have issued reports on AMG shares. Citigroup raised shares of Affiliated Managers Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. Credit Suisse Group restated a “hold” rating and issued a $215.00 price target on shares of Affiliated Managers Group in a research note on Friday, January 12th. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $230.00 price target on the stock in a research note on Tuesday, January 2nd. Barrington Research increased their price objective on shares of Affiliated Managers Group to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. They noted that the move was a valuation call. Finally, Deutsche Bank raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and dropped their target price for the stock from $216.00 to $215.00 in a report on Tuesday, February 13th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $228.00.
Shares of Affiliated Managers Group (AMG) traded down $0.99 during mid-day trading on Wednesday, hitting $193.96. 7,828 shares of the stock traded hands, compared to its average volume of 416,319. The firm has a market cap of $10,612.05, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 0.70 and a beta of 1.55. Affiliated Managers Group has a one year low of $148.81 and a one year high of $216.99. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.23.
Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, January 29th. The asset manager reported $4.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.55 by $0.13. Affiliated Managers Group had a net margin of 29.92% and a return on equity of 18.61%. The business had revenue of $604.10 million during the quarter, compared to the consensus estimate of $608.51 million. During the same quarter last year, the firm posted $3.80 EPS. Affiliated Managers Group’s revenue was up 9.8% compared to the same quarter last year. equities analysts expect that Affiliated Managers Group will post 17.55 EPS for the current year.
Affiliated Managers Group declared that its Board of Directors has authorized a stock repurchase plan on Monday, January 29th that authorizes the company to buyback 3,400,000 outstanding shares. This buyback authorization authorizes the asset manager to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, February 7th. This is a boost from Affiliated Managers Group’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 0.62%. Affiliated Managers Group’s dividend payout ratio (DPR) is 9.94%.
In other Affiliated Managers Group news, CFO Jay C. Horgen sold 30,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $189.59, for a total transaction of $5,687,700.00. Following the transaction, the chief financial officer now directly owns 114,039 shares in the company, valued at approximately $21,620,654.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.
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Affiliated Managers Group Company Profile
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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