Citigroup Maintains Affiliated Managers Group to Neutral with Price Target $170.00

Brokerage firm Citigroup Maintains its rating on Affiliated Managers Group(NYSE:AMG). In a research note issued to the investors, the brokerage major Raises the price-target to $170.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Apr 14, 2016.

In a different note, On Mar 21, 2016, Goldman Sachs said it Maintains its rating on Affiliated Managers Group. In the research note, the firm Raises the price-target to $175.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 17, 2016, Deutsche Bank said it Maintains its rating on Affiliated Managers Group. In the research note, the firm Raises the price-target to $185.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 9, 2016, Deutsche Bank said it Maintains its rating on Affiliated Managers Group. In the research note, the firm Lowers the price-target to $187.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 3, 2016, Keefe Bruyette & Woods said it Maintains its rating on Affiliated Managers Group. In the research note, the firm Lowers the price-target to $205.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jan 26, 2016, Deutsche Bank said it Maintains its rating on Affiliated Managers Group. According to the research note, Deutsche Bank Lowers the price target to $187 per share from a prior target of $188. The shares have been rated ‘Buy’ by the firm. On Jan 19, 2016, Deutsche Bank said it Maintains its rating on Affiliated Managers Group. According to the research note, Deutsche Bank Lowers the price target to $188 per share from a prior target of $206. The shares have been rated ‘Buy’ by the firm.

Affiliated Managers Group (AMG) made into the market gainers list on Mondays trading session with the shares advancing 0.15% or 0.26 points. Due to strong positive momentum, the stock ended at $170.25, which is also near the day’s high of $170.88. The stock began the session at $168.45 and the volume stood at 6,29,913 shares. The 52-week high of the shares is $230.63 and the 52 week low is $115.97. The company has a current market capitalization of $9,195 M and it has 5,40,06,452 shares in outstanding.

Affiliated Managers Group(AMG) last announced its earnings results on Feb 2, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $589.80M. Analysts had an estimated revenue of $616.31M. Earnings per share were $3.61. Analysts had estimated an EPS of $3.61.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2015, Nathaniel Dalton (President and COO) sold 75,000 shares at $221.85 per share price.Also, On May 5, 2015, Jay C. Horgen (CFO and Treasurer) sold 22,411 shares at $226.97 per share price.On May 5, 2015, William J Nutt (director) sold 5,625 shares at $227.25 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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 Company’s affiliates it provides advisory services to ultra-high net worth individuals and family trusts.

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