Affiliated Managers Group (NYSE:AMG) : 5 brokerage houses believe that Affiliated Managers Group (NYSE:AMG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.17.
Affiliated Managers Group (NYSE:AMG) : The highest short term price target forecast on Affiliated Managers Group (NYSE:AMG) is $208 and the lowest target price is $197. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $201.25 with a standard deviation of $4.72.
For this week, the average consensus of the company shares are rated as a Strong Buy.
Affiliated Managers Group (NYSE:AMG): stock turned positive on Tuesday. Though the stock opened at $135.7, the bulls momentum made the stock top out at $138.62 level for the day. The stock recorded a low of $134.45 and closed the trading day at $136.54, in the green by 2.87%. The total traded volume for the day was 773,352. The stock had closed at $132.73 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Horgen Jay C., officer (CFO and Treasurer) of Affiliated Managers Group, Inc., had unloaded 22,411 shares at an average price of $226.97 in a transaction dated on May 1, 2015. The total value of the transaction was worth $5,086,625.
Affiliated Managers Group, Inc. (AMG) is a global asset management company with equity investments in a diverse group of boutique investment management firms (Affiliates). The Company manages approximately $620.2 billion in assets through its affiliates across a range of asset classes and investment styles in three principal distribution channels: institutional, mutual fund and high net worth. The Companys Institutional Distribution Channel, through its Affiliates, manages assets for large institutional investors across the world, including sovereign wealth funds, foundations, endowments, and retirement plans for corporations and municipalities. As part of the Companys mutual fund distribution channel, the Company, through its Affiliates, provides advisory or sub-advisory services to mutual funds, UCITS and other retail-oriented products. Through the Companys affiliates, it provides advisory services to ultra-high net worth individuals and family trusts.