Affiliated Managers Group Inc. (NYSE:AMG) – Equities researchers at William Blair raised their Q4 2016 earnings per share estimates for Affiliated Managers Group in a report released on Monday. William Blair analyst C. Shutler now forecasts that the brokerage will post earnings per share of $3.80 for the quarter, up from their prior estimate of $3.74. William Blair also issued estimates for Affiliated Managers Group’s FY2017 earnings at $14.95 EPS.
AMG has been the topic of a number of other reports. Deutsche Bank AG restated a “buy” rating on shares of Affiliated Managers Group in a research note on Sunday, July 10th. Citigroup Inc. upped their price target on Affiliated Managers Group from $140.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, April 14th. Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a research report on Monday, April 11th. Credit Suisse Group AG reiterated a “buy” rating and set a $238.00 price target on shares of Affiliated Managers Group in a research report on Wednesday, June 8th. Finally, TheStreet upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, April 8th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $190.00.
Shares of Affiliated Managers Group (NYSE:AMG) traded up 0.95% on Wednesday, reaching $146.32. 380,288 shares of the company were exchanged. The firm has a market capitalization of $7.87 billion and a PE ratio of 16.39. The stock’s 50-day moving average is $147.51 and its 200 day moving average is $150.86. Affiliated Managers Group has a 12-month low of $115.97 and a 12-month high of $214.86.
A hedge fund recently raised its stake in Affiliated Managers Group stock. MUFG Americas increased its position in shares of Affiliated Managers Group Inc. (NYSE:AMG) by 31.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,550 shares of the company’s stock after buying an additional 2,519 shares during the period. MUFG Americas’ holdings in Affiliated Managers Group were worth $1,804,000 at the end of the most recent reporting period.
Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.
