Barrington Research Lowers Affiliated Managers Group (NYSE:AMG) Price Target to $200.00

Affiliated Managers Group (NYSE:AMG) had its price objective lowered by analysts at Barrington Research from $210.00 to $200.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. Barrington Research’s target price suggests a potential upside of 12.21% from the stock’s previous close.

Other analysts have also issued reports about the stock. Bank of America increased their target price on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. StockNews.com downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their price target for the company from $226.00 to $177.00 in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Affiliated Managers Group from $219.00 to $204.00 and set a “buy” rating on the stock in a report on Tuesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $195.50.

Affiliated Managers Group Trading Up 0.7 %

AMG stock traded up $1.18 on Tuesday, hitting $178.24. 91,904 shares of the company’s stock traded hands, compared to its average volume of 240,223. Affiliated Managers Group has a 1-year low of $129.57 and a 1-year high of $199.52. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 0.62 and a beta of 1.18. The stock has a fifty day moving average of $180.34 and a 200-day moving average of $168.67.

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

Insiders Place Their Bets

In related news, CEO Jay C. Horgen sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Jay C. Horgen sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Rizwan M. Jamal sold 8,622 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $172.89, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,408 shares of company stock valued at $3,865,068. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Affiliated Managers Group during the third quarter valued at approximately $30,000. Altshuler Shaham Ltd acquired a new position in Affiliated Managers Group during the second quarter valued at approximately $28,000. UMB Bank n.a. grew its holdings in Affiliated Managers Group by 481.3% during the third quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 154 shares during the period. Daiwa Securities Group Inc. acquired a new position in Affiliated Managers Group during the second quarter valued at approximately $47,000. Finally, Goodman Advisory Group LLC acquired a new position in Affiliated Managers Group during the second quarter valued at approximately $50,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Company Profile

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.