Affiliated Managers Group (NYSE:AMG) Given “Outperform” Rating at Barrington Research

Barrington Research reiterated their outperform rating on shares of Affiliated Managers Group (NYSE:AMG) in a report released on Wednesday, Benzinga reports. Barrington Research currently has a $210.00 target price on the asset manager’s stock.

Other research analysts have also issued research reports about the company. TD Cowen lifted their target price on Affiliated Managers Group from $201.00 to $226.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. StockNews.com lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Affiliated Managers Group from $202.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Finally, Bank of America lifted 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Affiliated Managers Group currently has a consensus rating of “Moderate Buy” and an average price target of $210.50.

Affiliated Managers Group Stock Down 0.0 %

Shares of NYSE AMG opened at $193.81 on Wednesday. The firm has a market cap of $5.78 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. The business has a 50 day moving average price of $180.27 and a two-hundred day moving average price of $168.41. Affiliated Managers Group has a fifty-two week low of $123.65 and a fifty-two week high of $199.52.

Insider Activity at Affiliated Managers Group

In related news, insider Rizwan M. Jamal sold 8,622 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 128,457 shares in the company, valued at $22,208,930.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Rizwan M. Jamal sold 8,622 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 128,457 shares in the company, valued at $22,208,930.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jay C. Horgen sold 9,000 shares of the business’s stock in a transaction that occurred on 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 owns 377,276 shares of the company’s stock, valued at $64,883,926.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,408 shares of company stock worth $3,865,068 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Affiliated Managers Group

Several hedge funds have recently added to or reduced their stakes in AMG. State of Michigan Retirement System raised its stake in Affiliated Managers Group by 2.5% during the 1st quarter. State of Michigan Retirement System now owns 8,319 shares of the asset manager’s stock valued at $1,393,000 after acquiring an additional 200 shares in the last quarter. Denali Advisors LLC raised its stake in Affiliated Managers Group by 429.2% during the 1st quarter. Denali Advisors LLC now owns 254 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 206 shares in the last quarter. Mission Wealth Management LP bought a new stake in Affiliated Managers Group during the 1st quarter valued at $1,858,000. BNP Paribas Financial Markets raised its stake 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 valued at $1,223,000 after acquiring an additional 2,447 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in Affiliated Managers Group during the 1st quarter valued at $624,000. Institutional investors own 95.30% of the company’s stock.

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.