Affiliated Managers Group (AMG) : The total negative money flow of $3.12 million on Tuesday indicates selling on strength. The inflow of money on upticks was $4.02 million, compared to $7.15 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.56. The negative money flow of $2.72 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $2.72 million. The price action in the Affiliated Managers Group (AMG) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $143.07 with a gain of $0.7 , a change of 0.49% over the previous days close. The stock registered 0.4% for the week.
Also, Deutsche Bank maintains their rating on the shares of Affiliated Managers Group (NYSE:AMG). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $183 per share from $192 per share. The rating by the firm was issued on August 5, 2016.
Shares of Affiliated Managers Group Inc. appreciated by 0.07% during the last five trading days but lost 0.51% on a 4-week basis. Affiliated Managers Group Inc. has dropped 16.77% during the last 3-month period . Year-to-Date the stock performance stands at -10.02%.
Affiliated Managers Group (NYSE:AMG): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $142.61 and $142.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $143.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $143.75, notching a gain of 0.97% for the day. The total traded volume was 261,595 . The stock had closed at $142.37 on the previous day.
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.