Investment Analysts’ Weekly Ratings Changes for Affiliated Managers Group (AMG)

Several analysts have recently updated their ratings and price targets for Affiliated Managers Group (NYSE: AMG):

  • 1/12/2018 – Affiliated Managers Group had its “hold” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $215.00 price target on the stock.
  • 1/9/2018 – Affiliated Managers Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $225.00 price target on the stock. According to Zacks, “Affiliated Managers’ shares have outperformed the industry, over the past twelve months. This was supported by the company’s impressive earnings surprise history, as it surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The company remains well positioned for growth based on successful partnerships, a diverse product mix and initiatives undertaken to strengthen its retail market operations. Further, inflows are expected to get impetus with broad distribution across channels and product categories. However, pressure on revenues and high debt levels remain major near-term concerns for the company.”
  • 1/9/2018 – Affiliated Managers Group was downgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “neutral” rating. They now have a $216.00 price target on the stock.
  • 1/4/2018 – Affiliated Managers Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Affiliated Managers’ shares have outperformed the industry, over the past six months. This was supported by the company’s impressive earnings surprise history, as it surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The company remains well positioned for growth based on successful partnerships, a diverse product mix and initiatives undertaken to strengthen its retail market operations. Further, inflows are expected to get impetus with broad distribution across channels and product categories. However, pressure on revenues remains a major concern for the company. Also, its use of high levels of debt could restrict it from procuring additional finance for working capital and other purposes.”
  • 1/3/2018 – Affiliated Managers Group was downgraded by analysts at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating. They now have a $220.00 price target on the stock.
  • 1/2/2018 – Affiliated Managers Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $230.00 price target on the stock. According to Zacks, “Affiliated Managers’ shares have outperformed the industry, over the past six months. This was supported by the company’s impressive earnings surprise history, as it surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The company remains well positioned for growth based on successful partnerships, a diverse product mix and initiatives undertaken to strengthen its retail market operations. Further, inflows are expected to get impetus with broad distribution across channels and product categories. However, pressure on revenues, higher debt levels and intangibles in the balance sheet remain major near-term concerns.”

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) traded up $0.21 during trading hours on Tuesday, hitting $203.01. The stock had a trading volume of 387,241 shares, compared to its average volume of 292,200. The stock has a market capitalization of $11,272.01, a P/E ratio of 21.97, a P/E/G ratio of 0.73 and a beta of 1.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61. Affiliated Managers Group, Inc. has a twelve month low of $139.52 and a twelve month high of $207.67.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The firm had revenue of $585.70 million during the quarter, compared to the consensus estimate of $586.55 million. During the same quarter in the previous year, the business earned $3.02 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. research analysts forecast that Affiliated Managers Group, Inc. will post 14.48 earnings per share for the current year.

In other Affiliated Managers Group news, insider Peter W. Macewen sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $197.67, for a total transaction of $1,976,700.00. Following the transaction, the insider now owns 37,682 shares in the company, valued at $7,448,600.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sean M. Healey sold 69,800 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $185.48, for a total value of $12,946,504.00. Following the transaction, the chief executive officer now owns 194,943 shares in the company, valued at approximately $36,158,027.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,585 shares of company stock valued at $16,734,012. 1.40% of the stock is owned by company insiders.

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

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