Affiliated Managers Group, Inc. (NYSE:AMG) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Wednesday, July 12th.

Other research analysts also recently issued research reports about the stock. TheStreet raised shares of Affiliated Managers Group from a “c+” rating to a “b” rating in a research report on Monday, March 20th. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a research note on Tuesday, July 4th. ValuEngine upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Jefferies Group LLC lifted their price objective on shares of Affiliated Managers Group from $195.00 to $197.00 and gave the company a “buy” rating in a research note on Friday, April 7th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $185.00 price objective on shares of Affiliated Managers Group in a research note on Tuesday, April 4th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $193.50.

Shares of Affiliated Managers Group (AMG) opened at 180.63 on Wednesday. The company’s 50-day moving average price is $171.23 and its 200-day moving average price is $162.48. The firm has a market cap of $10.17 billion, a P/E ratio of 20.01 and a beta of 1.65. Affiliated Managers Group has a 12 month low of $130.48 and a 12 month high of $187.08.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, July 31st. The asset manager reported $3.33 EPS for the quarter, beating the consensus estimate of $3.24 by $0.09. Affiliated Managers Group had a net margin of 22.99% and a return on equity of 17.45%. The business had revenue of $570.90 million during the quarter, compared to analyst estimates of $573.73 million. During the same quarter in the previous year, the business posted $3.07 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that Affiliated Managers Group will post $14.54 EPS for the current year.

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In related news, Director Patrick T. Ryan sold 8,902 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $152.89, for a total value of $1,361,026.78. Following the completion of the sale, the director now owns 10,342 shares of the company’s stock, valued at $1,581,188.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sean M. Healey sold 56,928 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $161.07, for a total transaction of $9,169,392.96. Following the completion of the sale, the chief executive officer now directly owns 206,689 shares of the company’s stock, valued at approximately $33,291,397.23. The disclosure for this sale can be found here. Insiders have sold 69,107 shares of company stock valued at $11,065,554 in the last ninety days. Insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in AMG. Paradigm Asset Management Co. LLC bought a new position in shares of Affiliated Managers Group during the second quarter valued at $4,047,000. First Interstate Bank raised its position in shares of Affiliated Managers Group by 159.8% in the second quarter. First Interstate Bank now owns 2,089 shares of the asset manager’s stock valued at $346,000 after buying an additional 1,285 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI bought a new position in shares of Affiliated Managers Group during the second quarter valued at $315,000. American Century Companies Inc. raised its position in shares of Affiliated Managers Group by 24.3% in the second quarter. American Century Companies Inc. now owns 694,845 shares of the asset manager’s stock valued at $115,247,000 after buying an additional 135,663 shares during the period. Finally, Aviva PLC raised its position in shares of Affiliated Managers Group by 2.6% in the second quarter. Aviva PLC now owns 34,519 shares of the asset manager’s stock valued at $5,726,000 after buying an additional 870 shares during the period. 94.86% of the stock is owned by institutional investors.

About Affiliated Managers Group

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

Analyst Recommendations for Affiliated Managers Group (NYSE:AMG)

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