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

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

AMG has been the subject of several other research reports. TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $226.00 to $177.00 in a report on Tuesday. Bank of America increased their target price on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the stock 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 research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft dropped 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 research report on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $195.50.

Affiliated Managers Group Price Performance

Shares of Affiliated Managers Group stock traded up $1.18 on Tuesday, hitting $178.24. The company had a trading volume of 91,904 shares, compared to its average volume of 240,223. The firm has a market capitalization of $5.31 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.62 and a beta of 1.18. Affiliated Managers Group has a twelve month low of $129.57 and a twelve month high of $199.52. The stock has a 50-day moving average of $180.34 and a 200-day moving average of $168.67.

Affiliated Managers Group (NYSE:AMG) last announced 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 return on equity of 16.50% and a net margin of 31.51%. The business had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. During the same quarter in the previous year, the company posted $4.08 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts predict that Affiliated Managers Group will post 22.02 EPS for the current year.

Insider Activity

In other news, CEO Jay C. Horgen sold 9,000 shares of the stock in a transaction dated 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 directly owns 377,276 shares of the company’s stock, valued at $64,883,926.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Thomas M. Wojcik sold 4,786 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $172.71, for a total value of $826,590.06. Following the transaction, the chief operating officer now directly owns 84,392 shares in the company, valued at approximately $14,575,342.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jay C. Horgen sold 9,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 377,276 shares in the company, valued at $64,883,926.48. This trade represents 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 over the last ninety days. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Affiliated Managers Group

Institutional investors and hedge funds have recently modified their holdings of the business. Altshuler Shaham Ltd acquired a new position in shares of Affiliated Managers Group in the second quarter valued at about $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at approximately $30,000. UMB Bank n.a. raised its holdings in Affiliated Managers Group by 481.3% in the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after buying an additional 154 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in Affiliated Managers Group during the 2nd quarter worth approximately $47,000. Finally, Goodman Advisory Group LLC bought a new position in Affiliated Managers Group during the 2nd quarter worth approximately $50,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

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.