The stock of Affiliated Managers Group, Inc. (NYSE:AMG) is a huge mover today! About 756,129 shares traded hands or 32.29% up from the average. Affiliated Managers Group, Inc. (NYSE:AMG) has declined 11.42% since April 8, 2016 and is downtrending. It has underperformed by 17.07% the S&P500.
The move comes after 8 months positive chart setup for the $8.74B company. It was reported on Nov, 10 by Barchart.com. We have $242.64 PT which if reached, will make NYSE:AMG worth $5.33B more.
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 $172.82M for 12.64 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), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Affiliated Managers Group has been the topic of 30 analyst reports since August 9, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Affiliated Managers Group, Inc. (NYSE:AMG) on Wednesday, October 5 with “Buy” rating. The firm has “Buy” rating by Goldman Sachs given on Monday, March 21. The company was maintained on Thursday, September 3 by Wood. Citigroup upgraded the shares of AMG in a report on Monday, April 25 to “Buy” rating. The rating was maintained by Deutsche Bank on Tuesday, January 26 with “Buy”. Deutsche Bank maintained Affiliated Managers Group, Inc. (NYSE:AMG) on Thursday, March 17 with “Buy” rating. Wood maintained Affiliated Managers Group, Inc. (NYSE:AMG) on Tuesday, August 2 with “Outperform” rating. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) has “Buy” rating given on Friday, January 8 by Deutsche Bank. Keefe Bruyette & Woods maintained it with “Outperform” rating and $163 target price in Wednesday, February 3 report. Barrington Research maintained it with “Outperform” rating and $165 target price in Wednesday, February 3 report.
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 Q2 2016. 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.
Twin Focus Capital Prtn Ltd Liability Com accumulated 0.22% or 2,000 shares. City Hldgs Company last reported 0% of its portfolio in the stock. Exxonmobil Inv Tx holds 0.04% or 13,929 shares in its portfolio. Meeder Asset Mngmt Inc holds 65 shares or 0% of its portfolio. Arizona State Retirement Sys, a Arizona-based fund reported 13,200 shares. Samsung Asset (New York) Inc owns 15,010 shares or 1.64% of their US portfolio. Royal London Asset Mgmt Ltd last reported 0.04% of its portfolio in the stock. Calvert Mngmt holds 0.03% or 4,083 shares in its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt Corporation holds 54,815 shares or 0.09% of its portfolio. Daiwa Gp Incorporated accumulated 0% or 1,300 shares. Strs Ohio accumulated 3,033 shares or 0% of the stock. Numeric Investors Limited Liability Corporation owns 1,500 shares or 0% of their US portfolio. Meiji Yasuda Asset Mngmt accumulated 0.05% or 2,472 shares. Pennsylvania has 0.03% invested in the company for 2,376 shares. Alkeon Capital Limited Liability Corp, a New York-based fund reported 301,845 shares.
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.
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.
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