Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $193.81, but opened at $184.05. Affiliated Managers Group shares last traded at $177.25, with a volume of 42,580 shares traded.
Analysts Set New Price Targets
AMG has been the topic of several research reports. TD Cowen lifted their price objective on shares of Affiliated Managers Group from $201.00 to $226.00 and gave the company a "buy" rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Affiliated Managers Group from $202.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 15th. Barrington Research reiterated an "outperform" rating and issued a $210.00 target price on shares of Affiliated Managers Group in a report on Wednesday, October 30th. StockNews.com cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating in a report on Tuesday, July 30th. Finally, Bank of America increased their target price on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the company a "neutral" rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $210.50.
Check Out Our Latest Research Report on Affiliated Managers Group
Affiliated Managers Group Stock Performance
The stock has a 50 day moving average of $180.27 and a 200-day moving average of $168.54. The company has a market cap of $5.28 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.62 and a beta of 1.18.
Insider Buying and Selling
In related news, insider Rizwan M. Jamal sold 8,622 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $172.89, for a total value of $1,490,657.58. Following the transaction, the insider now owns 128,457 shares in the company, valued at approximately $22,208,930.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Thomas M. Wojcik sold 4,786 shares of the business'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 transaction, the chief operating officer now owns 84,392 shares of the company's stock, valued at $14,575,342.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rizwan M. Jamal sold 8,622 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $172.89, for a total value of $1,490,657.58. Following the sale, the insider now directly owns 128,457 shares in the company, valued at approximately $22,208,930.73. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,408 shares of company stock valued at $3,865,068 over the last quarter. 1.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Affiliated Managers Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake in shares of 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 in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Affiliated Managers Group during the 1st quarter worth approximately $624,000. GSA Capital Partners LLP acquired a new position in shares of Affiliated Managers Group during the 1st quarter worth approximately $712,000. Callan Capital LLC purchased a new position in shares of Affiliated Managers Group during the 1st quarter valued at approximately $292,000. Finally, Texas Permanent School Fund Corp grew its stake in Affiliated Managers Group by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 29,589 shares of the asset manager's stock valued at $4,955,000 after acquiring an additional 383 shares during the period. Institutional investors and hedge funds own 95.30% of the company's stock.
Affiliated Managers Group Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Affiliated Managers Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Affiliated Managers Group wasn't on the list.
While Affiliated Managers Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
