Affiliated Managers Group (AMG) : Traders are bullish on Affiliated Managers Group (AMG) as it has outperformed the S&P 500 by a wide margin of 3.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.02%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.19% in the last 1 week, and is up 3.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.47% and the 50-Day Moving Average is 0.7%.The 200 Day SMA reached 3.24%
Affiliated Managers Group (NYSE:AMG): After opening at $142.71, the stock dipped to an intraday low of $141.29 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $145.27 and the buying power remained strong till the end. The stock closed at $144.7 for the day, a gain of 2.91% for the day session. The total traded volume was 581,856. The stocks close on the previous trading day was $144.7.
Affiliated Managers Group (AMG) : The highest level Affiliated Managers Group (AMG) is projected to reach is $200 for the short term and the lowest estimate is at $170. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $189.4 and the possibility the share price can swing is $11.99.
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.