Affiliated Managers Group Inc. Sets New 1-Year High at $219.39 (AMG)
Affiliated Managers Group (NYSE:AMG) set a new 52-week high during mid-day trading on Tuesday, ARN reports. The stock traded as high as $219.39 and last traded at $215.33, with a volume of 115,313 shares. The stock had previously closed at $213.46.
A number of analysts have recently weighed in on AMG shares. Analysts at Zacks reiterated a “neutral” rating on shares of Affiliated Managers Group in a research note to investors on Thursday, January 2nd. They now have a $228.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 14th. They now have a $212.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Affiliated Managers Group in a research note to investors on Sunday, November 10th. They now have a $214.00 price target on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $193.30.
Affiliated Managers Group has a 52-week low of $137.58 and a 52-week high of $219.39. The stock’s 50-day moving average is $205.8 and its 200-day moving average is $188.2. The company has a market cap of $11.445 billion and a P/E ratio of 41.84.
Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $2.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.15 by $0.04. The company had revenue of $551.60 million for the quarter, compared to the consensus estimate of $556.95 million. During the same quarter in the prior year, the company posted $1.91 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Analysts expect that Affiliated Managers Group will post $9.67 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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