Deutsche Bank Aktiengesellschaft Lowers Affiliated Managers Group (NYSE:AMG) Price Target to $204.00

Affiliated Managers Group (NYSE:AMG) had its target price cut by investment analysts at Deutsche Bank Aktiengesellschaft from $219.00 to $204.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 15.22% from the stock’s current price.

AMG has been the topic of several other research reports. StockNews.com downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Barrington Research reiterated an “outperform” rating and issued a $210.00 price target on shares of Affiliated Managers Group in a research note on Wednesday, October 30th. TD Cowen lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $226.00 to $177.00 in a research report on Tuesday. Finally, Bank of America boosted their target price on Affiliated Managers Group from $200.00 to $201.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $198.00.

Affiliated Managers Group Price Performance

Shares of AMG stock opened at $177.06 on Tuesday. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.62 and a beta of 1.18. Affiliated Managers Group has a 1 year low of $129.57 and a 1 year high of $199.52. The firm has a fifty day moving average price of $180.34 and a 200-day moving average price 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 analysts’ consensus estimates 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 firm had revenue of $525.20 million for the quarter, compared to the consensus estimate of $521.87 million. During the same quarter in the previous year, the business posted $4.08 EPS. Affiliated Managers Group’s revenue was up 1.7% on a year-over-year basis. Equities research analysts expect that Affiliated Managers Group will post 22.02 EPS for the current year.

Insider Activity

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 completion of the sale, the chief operating officer now directly owns 84,392 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. In other Affiliated Managers Group news, CEO Jay C. Horgen sold 9,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $171.98, for a total value of $1,547,820.00. Following the completion of the sale, the chief executive officer now directly owns 377,276 shares in the company, valued at approximately $64,883,926.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Thomas M. Wojcik sold 4,786 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $172.71, for a total value of $826,590.06. Following the completion of the sale, the chief operating officer now directly owns 84,392 shares of the company’s stock, valued at approximately $14,575,342.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,408 shares of company stock worth $3,865,068. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Affiliated Managers Group

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

About Affiliated Managers Group

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.