Affiliated Managers Group (NYSE:AMG) Price Target Raised to $208.00 at Deutsche Bank Aktiengesellschaft

Affiliated Managers Group (NYSE:AMG - Get Free Report) had its target price boosted by analysts at Deutsche Bank Aktiengesellschaft from $204.00 to $208.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the asset manager's stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 11.33% from the stock's current price.

AMG has been the topic of several other research reports. StockNews.com cut Affiliated Managers Group from a "buy" rating to a "hold" rating in a report on Tuesday, July 30th. Bank of America upped their price target on Affiliated Managers Group from $200.00 to $201.00 and gave the company a "neutral" rating in a report on Tuesday, July 30th. Barrington Research lowered their price objective on shares of Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Finally, TD Cowen cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $196.50.

Affiliated Managers Group Trading Up 1.0 %

NYSE:AMG traded up $1.88 during midday trading on Monday, hitting $186.83. 114,234 shares of the stock were exchanged, compared to its average volume of 201,428. Affiliated Managers Group has a one year low of $129.99 and a one year high of $199.52. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 0.65 and a beta of 1.18. The business has a 50-day moving average price of $181.40 and a two-hundred day moving average price of $169.48.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.84 by ($0.02). The company had revenue of $525.20 million during the quarter, compared to the consensus estimate of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. Affiliated Managers Group's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.08 EPS. Sell-side analysts forecast that Affiliated Managers Group will post 21.25 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jay C. Horgen sold 9,000 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now directly owns 377,276 shares in the company, valued at $64,883,926.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Thomas M. Wojcik sold 4,786 shares of the company's stock in a transaction on 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 in the company, valued at approximately $14,575,342.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 on Monday, August 19th. The stock was sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 22,408 shares of company stock worth $3,865,068 in the last ninety days. Corporate insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Affiliated Managers Group

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in Affiliated Managers Group by 50.4% during the 1st quarter. BNP Paribas Financial Markets now owns 7,300 shares of the asset manager's stock worth $1,223,000 after acquiring an additional 2,447 shares during the last quarter. Sei Investments Co. lifted its position in Affiliated Managers Group by 40.8% during the 1st quarter. Sei Investments Co. now owns 48,185 shares of the asset manager's stock worth $8,069,000 after acquiring an additional 13,968 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Affiliated Managers Group by 1.0% during the 1st quarter. Russell Investments Group Ltd. now owns 78,279 shares of the asset manager's stock worth $13,109,000 after acquiring an additional 789 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in Affiliated Managers Group during the 1st quarter worth $411,000. Finally, State Board of Administration of Florida Retirement System lifted its position in Affiliated Managers Group by 41.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 45,074 shares of the asset manager's stock worth $7,549,000 after acquiring an additional 13,206 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

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.