Affiliated Managers Group (NYSE:AMG – Get Free Report)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a report released on Tuesday, Benzinga reports. They presently have a $190.00 price target on the asset manager’s stock. Barrington Research’s price objective would indicate a potential upside of 21.11% from the stock’s current price.
Affiliated Managers Group Price Performance
Shares of AMG stock opened at $156.88 on Tuesday. The company’s fifty day simple moving average is $161.51 and its two-hundred day simple moving average is $150.05. Affiliated Managers Group has a 1 year low of $120.22 and a 1 year high of $169.65. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.56 and a beta of 1.31.
Affiliated Managers Group (NYSE:AMG – Get Free Report) last issued its earnings results on Monday, May 6th. The asset manager reported $5.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.21 by $0.16. The business had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $524.53 million. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. During the same quarter in the previous year, the firm posted $4.18 EPS. Equities research analysts anticipate that Affiliated Managers Group will post 22.03 EPS for the current year.
Institutional Inflows and Outflows
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.
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