In today’s session Affiliated Managers Group, Inc. (AMG) registered an unusually high (503) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious AMG increase. With 503 contracts traded and 824 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: AMG161118C00150000 closed last at: $8.1 or 65.3% up. About 146,697 shares traded hands. Affiliated Managers Group, Inc. (NYSE:AMG) has risen 0.80% since March 4, 2016 and is uptrending. It has underperformed by 7.24% the S&P500.
Analysts await Affiliated Managers Group, Inc. (NYSE:AMG) to report earnings on November, 14. They expect $2.98 earnings per share, up 1.71% or $0.05 from last year’s $2.93 per share. AMG’s profit will be $162.35 million for 12.83 P/E if the $2.98 EPS becomes a reality. After $3.06 actual earnings per share reported by Affiliated Managers Group, Inc. for the previous quarter, Wall Street now forecasts -2.61% negative EPS growth.
Affiliated Managers Group, Inc. (NYSE:AMG) Ratings Coverage
Out of 8 analysts covering Affiliated Managers Group (NYSE:AMG), 8 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Affiliated Managers Group has been the topic of 29 analyst reports since August 9, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, December 15 by Citigroup. The rating was upgraded by ABN Amro to “Buy” on Monday, May 9. As per Friday, January 8, the company rating was maintained by Deutsche Bank. Keefe Bruyette & Woods maintained the shares of AMG in a report on Wednesday, February 3 with “Outperform” rating. The rating was maintained by Jefferies on Monday, July 11 with “Buy”. The stock has “Buy” rating given by Deutsche Bank on Wednesday, October 5. The rating was maintained by Deutsche Bank with “Buy” on Friday, September 9. Deutsche Bank maintained Affiliated Managers Group, Inc. (NYSE:AMG) on Monday, July 18 with “Buy” rating. On Thursday, April 14 the stock rating was maintained by Citigroup with “Neutral”. The rating was maintained by Wood on Tuesday, August 2 with “Outperform”.
According to Zacks Investment Research, “Affiliated Managers Group Inc. is an asset management holding company which acquires majority interests in mid-sized investment management firms. AMG has developed an innovative transaction structure which it believes is a superior succession planning alternative for growing mid-sized investment management firms.”
Insitutional Activity: The institutional sentiment increased to 1.09 in 2016 Q2. Its up 0.15, from 0.94 in 2016Q1. The ratio is positive, as 45 funds sold all Affiliated Managers Group, Inc. shares owned while 153 reduced positions. 58 funds bought stakes while 157 increased positions. They now own 50.01 million shares or 3.99% less from 52.09 million shares in 2016Q1.
Morgan Stanley has 0.03% invested in the company for 639,364 shares. Great West Life Assurance Com Can, a Manitoba – Canada-based fund reported 28,483 shares. Fdx Advsrs Incorporated last reported 11,276 shares in the company. High Point Financial Bank Communications accumulated 0.01% or 143 shares. Capstone Asset Management, a Texas-based fund reported 3,372 shares. Smithfield Tru last reported 3,000 shares in the company. Honeywell Inc accumulated 156,650 shares or 0.56% of the stock. Highbridge Capital Mngmt Limited Co, a New York-based fund reported 56,848 shares. Icon Advisers Incorporated accumulated 0.04% or 4,500 shares. Fifth Third Bancorp has 0.01% invested in the company for 4,723 shares. Trexquant Invest L P has 9,600 shares for 0.18% of their US portfolio. Visium Asset Mgmt L P has 15,225 shares for 0.15% of their US portfolio. Osborne Prtn Capital Ltd Liability has invested 0.09% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG). Toronto Dominion Bank accumulated 0% or 297 shares. Group accumulated 20,816 shares or 0% of the stock.
Affiliated Managers Group, Inc. is an asset management firm with equity investments in boutique investment management firms . The company has a market cap of $8.33 billion. The Firm 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. It has a 17.8 P/E ratio. The Firm manages assets in its three distribution channels: Institutional, Mutual Fund and High Net Worth.
AMG Company Profile
Affiliated Managers Group, Inc., incorporated on December 29, 1993, is an asset management firm with equity investments in boutique investment management firms (Affiliates). The Firm 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. The Firm manages assets in its three distribution channels: Institutional, Mutual Fund and High Net Worth. Through its Affiliates, the Company manages active return-oriented strategies primarily through separate accounts for large institutional investors around the world, including foundations, endowments, sovereign wealth funds and retirement plans for firms and municipalities. The Company’s aggregate assets under management are $611.3 billion in over 500 investment products across a range of active return-oriented strategies and distribution channels.
More recent Affiliated Managers Group, Inc. (NYSE:AMG) news were published by: Bostonglobe.com which released: “Affiliated Managers Group CEO paid $17.5m last year” on April 29, 2016. Also Nasdaq.com published the news titled: “Zacks.com featured highlights: Activision Blizzard, Aetna, Boston Scientific …” on October 07, 2016. Fool.com‘s news article titled: “Affiliated Managers Group Continues to Weather Uncertainty” with publication date: August 05, 2016 was also an interesting one.
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