Affiliated Managers Group's (AMG) Outperform Rating Reiterated at Barrington Research

Affiliated Managers Group (NYSE:AMG - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Barrington Research in a note issued to investors on Wednesday, Benzinga reports. They currently have a $210.00 target price on the asset manager's stock. Barrington Research's price objective points to a potential upside of 7.05% from the company's current price.

Several other research firms also recently commented on AMG. TD Cowen increased 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. StockNews.com downgraded shares of Affiliated Managers Group from a "buy" rating to a "hold" rating in a report on Tuesday, July 30th. Bank of America upped 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. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Affiliated Managers Group from $202.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Affiliated Managers Group currently has a consensus rating of "Moderate Buy" and an average target price of $210.50.

Affiliated Managers Group Trading Up 0.3 %

Affiliated Managers Group stock traded up $0.62 during mid-day trading on Wednesday, hitting $196.17. The stock had a trading volume of 177,763 shares, compared to its average volume of 239,819. The firm has a market capitalization of $6.25 billion, a P/E ratio of 10.89, a P/E/G ratio of 0.58 and a beta of 1.20. The firm's 50 day moving average is $178.97 and its 200 day moving average is $167.81. Affiliated Managers Group has a one year low of $121.56 and a one year high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results on Monday, July 29th. The asset manager reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.60 by $0.07. The company had revenue of $500.30 million during the quarter, compared to the consensus estimate of $518.03 million. Affiliated Managers Group had a net margin of 31.51% and a return on equity of 16.50%. Affiliated Managers Group's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.45 EPS. As a group, equities research analysts forecast that Affiliated Managers Group will post 21.98 earnings per share for the current year.

Insiders Place Their Bets

In other Affiliated Managers Group news, 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 value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jay C. Horgen sold 9,000 shares of the stock in a transaction that occurred 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 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 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,408 shares of company stock worth $3,865,068 in the last three months. Corporate insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Affiliated Managers Group

Several institutional investors have recently bought and sold shares of the company. Ensign Peak Advisors Inc boosted its stake in Affiliated Managers Group by 0.6% in the second quarter. Ensign Peak Advisors Inc now owns 9,902 shares of the asset manager's stock valued at $1,547,000 after acquiring an additional 60 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Affiliated Managers Group by 0.5% in the first quarter. Blair William & Co. IL now owns 12,924 shares of the asset manager's stock worth $2,164,000 after buying an additional 69 shares during the last quarter. Kendall Capital Management raised its holdings in shares of 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 buying an additional 100 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of 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 buying an additional 150 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Affiliated Managers Group by 1.9% in the second quarter. Nisa Investment Advisors LLC now owns 8,124 shares of the asset manager's stock worth $1,269,000 after buying an additional 150 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

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.