Affiliated Managers Group (AMG) Earning Positive Media Coverage, Analysis Shows

News headlines about Affiliated Managers Group (NYSE:AMG) have been trending positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Affiliated Managers Group earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 46.41405084356 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Affiliated Managers Group (NYSE AMG) traded up $0.21 during trading hours on Tuesday, reaching $203.01. The company’s stock had a trading volume of 387,241 shares, compared to its average volume of 292,200. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $11,272.01, a PE ratio of 21.97, a PEG ratio of 0.73 and a beta of 1.71. Affiliated Managers Group has a twelve month low of $139.52 and a twelve month high of $207.67.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, beating the Zacks’ consensus estimate of $3.36 by $0.05. The business had revenue of $585.70 million for the quarter, compared to analysts’ expectations of $586.55 million. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $3.02 earnings per share. research analysts forecast that Affiliated Managers Group will post 14.48 EPS for the current year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $225.00 price target on the stock in a report on Tuesday, January 9th. Credit Suisse Group cut Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 price target on the stock. in a report on Wednesday, January 3rd. Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 price target on the stock. in a report on Tuesday, January 9th. Barrington Research reissued an “outperform” rating and set a $215.00 price target on shares of Affiliated Managers Group in a report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, Jefferies Group reissued a “buy” rating and set a $226.00 price target on shares of Affiliated Managers Group in a report on Thursday, October 12th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $211.00.

In other Affiliated Managers Group news, CEO Sean M. Healey sold 69,800 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $185.48, for a total transaction of $12,946,504.00. Following the sale, the chief executive officer now directly owns 194,943 shares of the company’s stock, valued at $36,158,027.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Peter W. Macewen sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $197.67, for a total value of $1,976,700.00. Following the transaction, the insider now owns 37,682 shares of the company’s stock, valued at approximately $7,448,600.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,585 shares of company stock worth $16,734,012. Insiders own 1.40% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Affiliated Managers Group (NYSE:AMG)

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