A number of research firms have changed their ratings and price targets for Affiliated Managers Group (NYSE: AMG):

  • 9/20/2016 – Affiliated Managers Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Affiliated Managers’ mounting expenses are expected to hurt the company’s bottom line as the company continues to invest in affiliates. Further, intangible assets, which form a substantial part of its balance sheet, face the risk of impairment. Moreover, high debt level can restrict the company from procuring additional finance and might drag it into a relatively disadvantageous position. Nonetheless, the company remains well positioned based on successful partnerships and global distribution capability along with a diverse product mix and initiatives undertaken to strengthen the retail market operations.”
  • 9/9/2016 – Affiliated Managers Group had its price target raised by analysts at Deutsche Bank AG from $184.00 to $191.00. They now have a “buy” rating on the stock.
  • 9/9/2016 – Affiliated Managers Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Affiliated Managers remains well positioned based on successful partnerships and global distribution capability along with a diverse product mix and initiatives undertaken to strengthen the retail market operations. Moreover, performance fees are anticipated to rise, given the growing demand for the company’s alternative products. However, an expected increase in expenses due to continued investment in affiliates will likely hurt bottom line. Further, increased debt levels and higher intangibles are expected to adversely impact the company’s financials.”
  • 9/8/2016 – Affiliated Managers Group had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $212.00 price target on the stock.
  • 9/1/2016 – Affiliated Managers Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Affiliated Managers remains well positioned based on successful partnerships and global distribution capability along with a diverse product mix and initiatives undertaken to strengthen retail market operations. Also, the company has considerable capabilities to invest in other companies, given its strong balance sheet and liquidity position. However, an expected increase in expenses, due to its continued investment in affiliates, will dampen results. Further, increased debt levels and higher intangibles are expected to adversely impact the company’s financials.”
  • 8/19/2016 – Affiliated Managers Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Affiliated Managers’ second-quarter 2016 economic earnings surpassed the Zacks Consensus Estimate. Results reflected a fall in operating expenses, partly offset by lower revenues. The company remains well positioned based on successful partnerships and global distribution capability along with a diverse product mix and initiatives undertaken to strengthen retail market operations. However, an expected increase in expenses, due to its continued investment in affiliates, will dampen results. Further, increased debt levels and higher intangibles are expected to adversely impact the company’s financials.”
  • 8/11/2016 – Affiliated Managers Group had its “buy” rating reaffirmed by analysts at Jefferies Group.
  • 8/8/2016 – Affiliated Managers Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Affiliated Managers’ second-quarter 2016 economic earnings surpassed the Zacks Consensus Estimate. Results reflected a fall in operating expenses, partly offset by lower revenues. The company remains well positioned based on successful partnerships and global distribution capability along with a diverse product mix and initiatives undertaken to strengthen retail market operations. However, an expected increase in expenses, due to its continued investment in affiliates, will dampen results. Additionally, management lowered its 2016 ENI guidance based on the dismal market performance to date. Further, increased debt levels and higher intangibles are expected to adversely impact the company’s financials.”
  • 8/5/2016 – Affiliated Managers Group had its price target lowered by analysts at Deutsche Bank AG from $192.00 to $183.00. They now have a “buy” rating on the stock.
  • 8/2/2016 – Affiliated Managers Group had its price target lowered by analysts at Keefe, Bruyette & Woods from $215.00 to $196.00. They now have an “outperform” rating on the stock.

Affiliated Managers Group, Inc. (NYSE:AMG) opened at 144.63 on Thursday. The firm has a 50 day moving average of $143.43 and a 200-day moving average of $154.22. The stock has a market cap of $7.79 billion, a PE ratio of 16.82 and a beta of 1.55. Affiliated Managers Group, Inc. has a 12-month low of $115.97 and a 12-month high of $190.74.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/affiliated-managers-group-amg-analysts-recent-ratings-updates.html

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, August 1st. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.05. Affiliated Managers Group had a net margin of 20.47% and a return on equity of 18.39%. The business earned $646.60 million during the quarter, compared to analysts’ expectations of $565.16 million. During the same period last year, the business earned $3.08 earnings per share. The business’s revenue for the quarter was down 14.3% on a year-over-year basis. On average, analysts expect that Affiliated Managers Group, Inc. will post $12.86 earnings per share for the current year.

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.

5 Day Chart for NYSE:AMG

Receive News & Ratings for Affiliated Managers Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.