Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Affiliated Managers Group (NYSE:AMG) Stock Price

Affiliated Managers Group (NYSE:AMG) had its price objective cut by analysts at Deutsche Bank Aktiengesellschaft from $219.00 to $204.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 9.56% from the stock’s current price.

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

Affiliated Managers Group Trading Up 4.7 %

Shares of AMG opened at $186.20 on Tuesday. The company’s 50 day simple moving average is $180.73 and its 200-day simple moving average is $168.93. The firm has a market cap of $5.55 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.62 and a beta of 1.18. Affiliated Managers Group has a 12-month low of $129.57 and a 12-month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued 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). Affiliated Managers Group had a return on equity of 16.50% and a net margin of 31.51%. The business had revenue of $525.20 million for the quarter, compared to analysts’ expectations of $521.87 million. During the same period in the previous year, the business posted $4.08 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts forecast that Affiliated Managers Group will post 22.02 EPS for the current fiscal year.

Insider Activity at Affiliated Managers Group

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 4,786 shares of the stock in a transaction on 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 in the company, valued at approximately $14,575,342.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Thomas M. Wojcik sold 4,786 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $172.71, for a total transaction of $826,590.06. Following the sale, the chief operating officer now owns 84,392 shares of the company’s stock, valued at approximately $14,575,342.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jay C. Horgen sold 9,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 377,276 shares of the company’s stock, valued at approximately $64,883,926.48. This trade 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 over the last three months. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Affiliated Managers Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in shares of Affiliated Managers Group in the second quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new stake in Affiliated Managers Group in the 3rd quarter valued at about $30,000. UMB Bank n.a. grew its stake in Affiliated Managers Group by 481.3% in the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 154 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in Affiliated Managers Group during the 2nd quarter valued at about $47,000. Finally, Goodman Advisory Group LLC acquired a new position in Affiliated Managers Group during the second quarter worth about $50,000. 95.30% of the stock is 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.