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Affiliated Managers Group (NYSE:AMG) COO Nathaniel Dalton sold 101,089 shares of Affiliated Managers Group stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $196.40, for a total value of $19,853,879.60. Following the completion of the transaction, the chief operating officer now directly owns 63,909 shares of the company’s stock, valued at approximately $12,551,728. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Affiliated Managers Group (NYSE:AMG) traded up 0.65% during mid-day trading on Wednesday, hitting $194.78. The stock had a trading volume of 405,942 shares. Affiliated Managers Group has a 1-year low of $171.81 and a 1-year high of $219.39. The stock has a 50-day moving average of $203.4 and a 200-day moving average of $194.8. The company has a market cap of $10.791 billion and a price-to-earnings ratio of 26.38.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $2.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.60 by $0.05. The company had revenue of $541.00 million for the quarter, compared to the consensus estimate of $630.56 million. During the same quarter in the prior year, the company posted $2.18 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts predict that Affiliated Managers Group will post $11.86 earnings per share for the current fiscal year.

A number of research firms have recently commented on AMG. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Affiliated Managers Group from $235.00 to $238.00 in a research note on Thursday, July 31st. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Affiliated Managers Group in a research note on Monday, July 14th. They now have a $235.00 price target on the stock, up previously from $227.00. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $229.57.

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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