Zacks Research Downgrades Affiliated Managers Group (NYSE:AMG) to Hold

Affiliated Managers Group (NYSE:AMG) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports. Zacks Research also issued estimates for Affiliated Managers Group’s Q1 2026 earnings at $6.40 EPS, Q2 2026 earnings at $6.08 EPS, Q3 2026 earnings at $6.43 EPS, Q4 2026 earnings at $8.96 EPS, FY2026 earnings at $27.88 EPS, Q1 2027 earnings at $7.00 EPS, Q2 2027 earnings at $7.34 EPS, Q3 2027 earnings at $7.96 EPS and FY2027 earnings at $32.20 EPS.

A number of other research firms also recently issued reports on AMG. UBS Group set a $295.00 target price on shares of Affiliated Managers Group in a research report on Tuesday, November 4th. Cowen reissued a “buy” rating on shares of Affiliated Managers Group in a research note on Monday. Wall Street Zen lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Saturday. TD Cowen upped their target price on shares of Affiliated Managers Group to $485.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Barrington Research upped their price target on Affiliated Managers Group from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and an average price target of $328.67.

Affiliated Managers Group Trading Down 0.2%

Shares of AMG stock opened at $274.94 on Monday. The company has a market capitalization of $7.73 billion, a P/E ratio of 16.40, a P/E/G ratio of 0.62 and a beta of 1.22. Affiliated Managers Group has a 12-month low of $139.22 and a 12-month high of $283.21. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $254.97 and a 200 day moving average price of $227.85.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, November 3rd. The asset manager reported $6.10 earnings per share for the quarter, topping the consensus estimate of $5.88 by $0.22. The company had revenue of $528.00 million during the quarter, compared to analyst estimates of $543.39 million. Affiliated Managers Group had a net margin of 26.01% and a return on equity of 16.75%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $4.82 earnings per share. Research analysts forecast that Affiliated Managers Group will post 22.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Affiliated Managers Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMG. Voya Investment Management LLC raised its position in Affiliated Managers Group by 52.2% during the 1st quarter. Voya Investment Management LLC now owns 28,703 shares of the asset manager’s stock worth $4,823,000 after purchasing an additional 9,845 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Affiliated Managers Group by 79.4% in the second quarter. Cullen Frost Bankers Inc. now owns 601 shares of the asset manager’s stock valued at $118,000 after acquiring an additional 266 shares during the last quarter. Atlanta Consulting Group Advisors LLC acquired a new stake in Affiliated Managers Group during the 2nd quarter valued at approximately $226,000. First Trust Advisors LP lifted its position in shares of Affiliated Managers Group by 18.1% in the 2nd quarter. First Trust Advisors LP now owns 234,679 shares of the asset manager’s stock worth $46,178,000 after purchasing an additional 36,045 shares during the period. Finally, QRG Capital Management Inc. bought a new stake in shares of Affiliated Managers Group in the 2nd quarter valued at $269,000. 95.30% of the stock is currently owned by 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.