Affiliated Managers Group, Inc. (NYSE:AMG) Receives $122.84 Average Target Price from Analysts

Affiliated Managers Group, Inc. (NYSE:AMG) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $122.84.

AMG has been the topic of several research reports. Deutsche Bank set a €230.00 ($267.44) price objective on shares of adidas and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Citigroup lowered shares of Apergy from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $41.00 to $34.00 in a research note on Tuesday, July 9th. Bank of America set a $20.00 price objective on shares of Fiat Chrysler Automobiles and gave the stock a “hold” rating in a research note on Thursday, June 6th. Finally, Barrington Research reiterated a “buy” rating and set a $135.00 price objective on shares of Affiliated Managers Group in a research note on Tuesday, April 30th.

In other news, insider Jay C. Horgen bought 11,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was purchased at an average price of $93.19 per share, for a total transaction of $1,025,090.00. Following the transaction, the insider now owns 115,527 shares in the company, valued at $10,765,961.13. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jide James Zeitlin sold 54,350 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $92.22, for a total transaction of $5,012,157.00. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by corporate insiders.



Hedge funds and other institutional investors have recently bought and sold shares of the business. Osborn Williams & Donohoe LLC bought a new position in Affiliated Managers Group in the 1st quarter worth about $39,000. CSat Investment Advisory L.P. grew its position in Affiliated Managers Group by 173.5% in the 4th quarter. CSat Investment Advisory L.P. now owns 517 shares of the asset manager’s stock worth $50,000 after purchasing an additional 328 shares during the last quarter. Covington Capital Management bought a new position in Affiliated Managers Group in the 4th quarter worth about $52,000. Bronfman E.L. Rothschild L.P. grew its position in Affiliated Managers Group by 20.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 601 shares of the asset manager’s stock worth $59,000 after purchasing an additional 100 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in Affiliated Managers Group in the 2nd quarter worth about $74,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

AMG traded up $0.45 on Friday, hitting $88.37. 335,584 shares of the company’s stock were exchanged, compared to its average volume of 459,381. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 0.64 and a beta of 1.63. Affiliated Managers Group has a twelve month low of $83.10 and a twelve month high of $163.55. The company’s fifty day simple moving average is $88.96.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, May 6th. The asset manager reported $3.26 earnings per share for the quarter, missing the consensus estimate of $3.27 by ($0.01). The business had revenue of $543.10 million for the quarter, compared to analyst estimates of $541.42 million. Affiliated Managers Group had a positive return on equity of 17.72% and a negative net margin of 4.77%. Affiliated Managers Group’s revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.92 EPS. As a group, equities analysts forecast that Affiliated Managers Group will post 13.71 earnings per share for the current fiscal year.

About Affiliated Managers Group

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

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Analyst Recommendations for Affiliated Managers Group (NYSE:AMG)

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