Affiliated Managers Group Rating Increased to Focus List at Credit Suisse (AMG)
In other Affiliated Managers Group news, CEO Sean M. Healey sold 144,247 shares of Affiliated Managers Group stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $200.85, for a total value of $28,972,009.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other firms have also 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. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $227.80.
Affiliated Managers Group (NYSE:AMG) traded up 4.40% on Tuesday, hitting $213.23. 1,115,453 shares of the company’s stock traded hands. Affiliated Managers Group has a one year low of $171.81 and a one year high of $219.39. The stock has a 50-day moving average of $201.7 and a 200-day moving average of $194.9. The company has a market cap of $11.845 billion and a price-to-earnings ratio of 27.84.
Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $2.18 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts expect that Affiliated Managers Group will post $11.86 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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