Could Affiliated Managers Group, Inc. Change Direction After Today’s Bearish Options Activity?

 Could Affiliated Managers Group, Inc. Change Direction After Today's Bearish Options Activity?

In today’s session Affiliated Managers Group, Inc. (AMG) recorded an unusually high (1,011) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious AMG decrease. With 1,011 contracts traded and 4834 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: AMG161216P00135000 closed last at: $5.3 or 15.2% up. About 196,476 shares traded hands. Affiliated Managers Group, Inc. (NYSE:AMG) has declined 18.64% since March 30, 2016 and is downtrending. It has underperformed by 21.65% 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 $154.45 million for 11.22 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. $256 is the highest target while $13 is the lowest. The $183.40 average target is 37.16% above today’s ($133.71) stock price. Affiliated Managers Group has been the topic of 29 analyst reports since August 9, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, May 9 by ABN Amro. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) has “Buy” rating given on Wednesday, October 5 by Deutsche Bank. Standpoint Research maintained Affiliated Managers Group, Inc. (NYSE:AMG) rating on Sunday, August 9. Standpoint Research has “Hold” rating and $256 price target. Deutsche Bank maintained the stock with “Buy” rating in Thursday, March 17 report. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) earned “Neutral” rating by Citigroup on Thursday, April 14. The firm earned “Buy” rating on Friday, August 5 by Deutsche Bank. The firm has “Outperform” rating by Wood given on Tuesday, August 2. The firm has “Buy” rating given on Monday, July 11 by Jefferies. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, January 26. The rating was maintained by Barrington Research with “Outperform” on Wednesday, February 3.

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.
Arizona State Retirement System accumulated 13,200 shares or 0.03% of the stock. Robeco Institutional Asset Bv accumulated 2,491 shares or 0% of the stock. Fincl Services accumulated 55 shares or 0% of the stock. Davy Asset Mgmt Ltd, a Ireland-based fund reported 6,753 shares. Ww Asset Management Inc accumulated 5,092 shares or 0.03% of the stock. Signaturefd, a Georgia-based fund reported 357 shares. Guardian L P has invested 0% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG). Moreover, Capstone Asset Mngmt has 0.01% invested in Affiliated Managers Group, Inc. (NYSE:AMG) for 3,372 shares. Alyeska Invest Gru Lp has 0.18% invested in the company for 128,502 shares. Westport Res Mngmt accumulated 0% or 55 shares. Rhumbline Advisers owns 90,663 shares or 0.04% of their US portfolio. Oregon Employees Retirement Fund last reported 6,044 shares in the company. First National Bank & Trust Of Omaha holds 0.26% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG) for 25,059 shares. Community Investment Communication accumulated 3,550 shares or 0.06% of the stock. Fincl Architects has invested 0% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG).

Affiliated Managers Group, Inc. is an asset management firm with equity investments in boutique investment management firms . The company has a market cap of $6.93 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 13.41 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 news for Affiliated Managers Group, Inc. (NYSE:AMG) were recently published by: Nasdaq.com, which released: “Affiliated Managers Group Inc. Becomes Oversold” on October 31, 2016. Bostonglobe.com‘s article titled: “Affiliated Managers Group CEO paid $17.5m last year” and published on April 29, 2016 is yet another important article.

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