Affiliated Managers Group Inc. Hits New 52-Week High at $187.72 (AMG)
Shares of Affiliated Managers Group (NYSE:AMG) hit a new 52-week high during mid-day trading on Monday, StockRatingsNetwork reports. The stock traded as high as $187.72 and last traded at $185.59, with a volume of 242,534 shares trading hands. The stock had previously closed at $184.44.
AMG has been the subject of a number of recent research reports. 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’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $173.78.
In other Affiliated Managers Group news, EVP Andrew Dyson unloaded 10,000 shares of Affiliated Managers Group stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $180.37, for a total value of $1,803,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Affiliated Managers Group has a 52 week low of $119.84 and a 52 week high of $187.72. The stock’s 50-day moving average is $179.1 and its 200-day moving average is $164.1. The company has a market cap of $9.798 billion and a price-to-earnings ratio of 38.64.
Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data 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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