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

Affiliated Managers Group (NYSE:AMG - Get Free Report) had its price target cut by equities researchers at Deutsche Bank Aktiengesellschaft from $219.00 to $204.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the asset manager's stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 14.83% from the stock's current price.

Other analysts also recently issued reports about the company. Bank of America upped their price objective on Affiliated Managers Group from $200.00 to $201.00 and gave the company a "neutral" rating in a research note on Tuesday, July 30th. Barrington Research reaffirmed an "outperform" rating and issued a $210.00 price objective on shares of Affiliated Managers Group in a research note on Wednesday, October 30th. TD Cowen downgraded Affiliated Managers Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $226.00 to $177.00 in a research note on Tuesday. Finally, StockNews.com cut Affiliated Managers Group from a "buy" rating to a "hold" rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $195.50.

Affiliated Managers Group Price Performance

Shares of AMG stock traded up $0.59 on Tuesday, hitting $177.65. The stock had a trading volume of 423,812 shares, compared to its average volume of 241,774. The company's 50 day moving average price is $180.34 and its 200-day moving average price is $168.67. Affiliated Managers Group has a 1 year low of $129.57 and a 1 year high of $199.52. The firm has a market capitalization of $5.30 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 (NYSE:AMG - Get Free Report) last released its quarterly earnings data 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 business had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a return on equity of 16.50% and a net margin of 31.51%. The company's revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.08 earnings per share. On average, equities analysts forecast that Affiliated Managers Group will post 22.02 EPS for the current year.

Insider Buying and Selling at Affiliated Managers Group

In other news, insider Rizwan M. Jamal sold 8,622 shares of Affiliated Managers Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $172.89, for a total transaction of $1,490,657.58. Following the sale, the insider now directly owns 128,457 shares of the company's stock, valued at approximately $22,208,930.73. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jay C. Horgen sold 9,000 shares of Affiliated Managers Group 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rizwan M. Jamal sold 8,622 shares of Affiliated Managers Group 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 completion of the transaction, the insider now owns 128,457 shares of the company's stock, valued at approximately $22,208,930.73. The trade was 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 three months. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Affiliated Managers Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ensign Peak Advisors Inc raised its holdings in Affiliated Managers Group by 0.6% during the second quarter. Ensign Peak Advisors Inc now owns 9,902 shares of the asset manager's stock worth $1,547,000 after purchasing an additional 60 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Affiliated Managers Group by 0.5% during the 1st quarter. Blair William & Co. IL now owns 12,924 shares of the asset manager's stock valued at $2,164,000 after acquiring an additional 69 shares in the last quarter. Covestor Ltd grew its holdings in shares of Affiliated Managers Group by 21.4% during the 3rd quarter. Covestor Ltd now owns 471 shares of the asset manager's stock valued at $84,000 after acquiring an additional 83 shares in the last quarter. Kendall Capital Management boosted its holdings in Affiliated Managers Group by 2.5% in the second quarter. Kendall Capital Management now owns 4,135 shares of the asset manager's stock worth $646,000 after purchasing an additional 100 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Affiliated Managers Group by 4.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,261 shares of the asset manager's stock worth $546,000 after purchasing an additional 150 shares in the last quarter. 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.