Affiliated Managers Group EVP Andrew Dyson Sells 10,000 Shares (AMG)
Affiliated Managers Group (NYSE:AMG) EVP Andrew Dyson sold 10,000 shares of the stock on the open market in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $180.37, for a total transaction of $1,803,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Affiliated Managers Group (NYSE:AMG) in a research note to investors on Wednesday, July 31st. They now have a $190.00 price target on the stock. Analysts at Citigroup Inc. raised their price target on shares of Affiliated Managers Group (NYSE:AMG) from $160.00 to $180.00 in a research note to investors on Wednesday, July 31st. They now have a “neutral” rating on the stock.
Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $173.78.
Affiliated Managers Group (NYSE:AMG) traded down 0.14% on Thursday, hitting $183.36. The stock had a trading volume of 218,664 shares. Affiliated Managers Group has a 52 week low of $119.84 and a 52 week high of $186.72. The stock has a 50-day moving average of $178.2 and a 200-day moving average of $163.2. The company has a market cap of $9.691 billion and a P/E ratio of 38.47.
Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.08. The company had revenue of $541.00 million for the quarter, compared to the consensus estimate of $527.10 million. During the same quarter in the previous year, the company posted $1.66 earnings per share. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. Analysts expect that Affiliated Managers Group will post $9.46 EPS for the current fiscal year.
Affiliated Managers Group, Inc (NYSE:AMG) is a global asset management company with equity investments in a diverse group of boutique investment management firms (Affiliates).
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