Deutsche Bank Aktiengesellschaft Lowers Affiliated Managers Group (NYSE:AMG) Price Target to $204.00

Affiliated Managers Group (NYSE:AMG) had its target price dropped by equities researchers at Deutsche Bank Aktiengesellschaft from $219.00 to $204.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 15.22% from the company’s previous close.

Several other research firms have also recently weighed in on AMG. Barrington Research reiterated an “outperform” rating and issued a $210.00 price objective on shares of Affiliated Managers Group in a report on Wednesday, October 30th. Bank of America lifted their price target on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. StockNews.com lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, TD Cowen lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their target price for the company from $226.00 to $177.00 in a research note on Tuesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Affiliated Managers Group currently has an average rating of “Hold” and a consensus price target of $198.00.

Affiliated Managers Group Stock Performance

Shares of AMG stock opened at $177.06 on Tuesday. Affiliated Managers Group has a fifty-two week low of $129.57 and a fifty-two week high of $199.52. The company has a market capitalization of $5.28 billion, a P/E ratio of 10.40, a PEG ratio of 0.62 and a beta of 1.18. The stock has a 50 day moving average price of $180.34 and a two-hundred day moving average price of $168.67.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing the consensus estimate of $4.84 by ($0.02). The firm had revenue of $525.20 million for the quarter, compared to analysts’ expectations of $521.87 million. Affiliated Managers Group had a net margin of 31.51% and a return on equity of 16.50%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.08 EPS. As a group, equities analysts predict that Affiliated Managers Group will post 22.02 earnings per share for the current year.

Insider Transactions at Affiliated Managers Group

In related news, insider Rizwan M. Jamal sold 8,622 shares of Affiliated Managers Group stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $172.89, for a total transaction of $1,490,657.58. Following the completion of the transaction, the insider now directly owns 128,457 shares of the company’s stock, valued at $22,208,930.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Affiliated Managers Group news, insider Rizwan M. Jamal sold 8,622 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $172.89, for a total value of $1,490,657.58. Following the sale, the insider now directly owns 128,457 shares of the company’s stock, valued at approximately $22,208,930.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jay C. Horgen sold 9,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $171.98, for a total value of $1,547,820.00. Following the transaction, the chief executive officer now owns 377,276 shares of the company’s stock, valued at $64,883,926.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,408 shares of company stock valued at $3,865,068 in the last three months. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMG. BNP Paribas Financial Markets lifted its stake in Affiliated Managers Group by 50.4% during the 1st quarter. BNP Paribas Financial Markets now owns 7,300 shares of the asset manager’s stock valued at $1,223,000 after acquiring an additional 2,447 shares during the period. GSA Capital Partners LLP bought a new stake in Affiliated Managers Group in the 1st quarter worth approximately $712,000. Texas Permanent School Fund Corp grew its position in Affiliated Managers Group by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 29,589 shares of the asset manager’s stock worth $4,955,000 after purchasing an additional 383 shares during the period. LSV Asset Management lifted its holdings in shares of Affiliated Managers Group by 10.9% during the 1st quarter. LSV Asset Management now owns 238,504 shares of the asset manager’s stock valued at $39,942,000 after buying an additional 23,454 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Affiliated Managers Group in the 1st quarter worth $4,094,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

About Affiliated Managers Group

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.