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Affiliated Managers Group (NYSE:AMG) Chairman John Kingston III unloaded 69,800 shares of Affiliated Managers Group stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $195.35, for a total transaction of $13,635,430.00. Following the sale, the chairman now directly owns 15,325 shares of the company’s stock, valued at approximately $2,993,739. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Affiliated Managers Group (NYSE:AMG) traded up 2.09% on Monday, hitting $195.68. 297,772 shares of the company’s stock traded hands. Affiliated Managers Group has a 1-year low of $151.23 and a 1-year high of $219.39. The stock’s 50-day moving average is $190.2 and its 200-day moving average is $197.4. The company has a market cap of $10.817 billion and a P/E ratio of 28.28.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Tuesday, April 29th. The company reported $2.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.38 by $0.10. The company had revenue of $593.10 million for the quarter, compared to the consensus estimate of $607.83 million. During the same quarter last year, the company posted $2.27 earnings per share. Affiliated Managers Group’s revenue was up 18.1% compared to the same quarter last year. Analysts expect that Affiliated Managers Group will post $11.73 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Affiliated Managers Group in a research note on Wednesday, April 30th. They now have a $240.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Affiliated Managers Group from $225.00 to $232.00 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Affiliated Managers Group from $242.00 to $252.00 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Affiliated Managers Group presently has a consensus rating of “Buy” and an average target price of $226.83.

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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