November 28, 2016 - By Peter Erickson · 0 Comments
Affiliated Managers Group Inc (NYSE:AMG) institutional sentiment decreased to 0.94 in Q2 2016. Its down -0.15, from 1.09 in 2016Q1. The ratio dropped, as 215 institutional investors started new or increased positions, while 198 decreased and sold positions in Affiliated Managers Group Inc. The institutional investors in our partner’s database reported: 50.01 million shares, down from 52.09 million shares in 2016Q1. Also, the number of institutional investors holding Affiliated Managers Group Inc in their top 10 positions decreased from 7 to 4 for a decrease of 3. Sold All: 45 Reduced: 153 Increased: 157 New Position: 58.
Affiliated Managers Group, Inc. is an asset management firm with equity investments in boutique investment management firms . The company has a market cap of $8.16 billion. The Firm is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies. It has a 17.14 P/E ratio. The Firm manages assets in its three distribution channels: Institutional, Mutual Fund and High Net Worth.
About 3,609 shares traded hands. Affiliated Managers Group, Inc. (NYSE:AMG) has declined 15.06% since April 25, 2016 and is downtrending. It has underperformed by 21.07% the S&P500.
Analysts await Affiliated Managers Group, Inc. (NYSE:AMG) to report earnings on February, 7. They expect $3.69 EPS, up 2.22% or $0.08 from last year’s $3.61 per share. AMG’s profit will be $204.10 million for 10.00 P/E if the $3.69 EPS becomes a reality. After $3.02 actual EPS reported by Affiliated Managers Group, Inc. for the previous quarter, Wall Street now forecasts 22.19% EPS growth.
According to Zacks Investment Research, “Affiliated Managers Group Inc. is an asset management holding company which acquires majority interests in mid-sized investment management firms. AMG has developed an innovative transaction structure which it believes is a superior succession planning alternative for growing mid-sized investment management firms.”
Bruni J V & Co Co holds 4.47% of its portfolio in Affiliated Managers Group, Inc. for 160,858 shares. Consector Capital Lp owns 11,500 shares or 3.78% of their US portfolio. Moreover, Sirios Capital Management L P has 3.19% invested in the company for 471,725 shares. The California-based Philadelphia Financial Management Of San Francisco Llc has invested 2.83% in the stock. Nicholas Co Inc Wi, a Wisconsin-based fund reported 916,650 shares.#img1#
Ratings analysis reveals 88% of Affiliated Managers Group’s analysts are positive. Out of 8 Wall Street analysts rating Affiliated Managers Group, 7 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $13 while the high is $256. The stock’s average target of $177.80 is 20.52% above today’s ($147.53) share price. AMG was included in 30 notes of analysts from August 9, 2015. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) earned “Buy” rating by Jefferies on Monday, July 11. The stock has “Buy” rating given by Goldman Sachs on Monday, March 21. Deutsche Bank maintained the shares of AMG in a report on Friday, September 18 with “Buy” rating. The firm has “Buy” rating given on Friday, January 8 by Deutsche Bank. Deutsche Bank maintained Affiliated Managers Group, Inc. (NYSE:AMG) on Monday, July 18 with “Buy” rating. The stock has “Outperform” rating given by Wood on Thursday, September 3. Barrington Research maintained the shares of AMG in a report on Wednesday, February 3 with “Outperform” rating. The rating was downgraded by Deutsche Bank on Friday, November 4 to “Hold”. The firm has “Buy” rating given on Wednesday, October 7 by Jefferies. Citigroup upgraded the stock to “Buy” rating in Monday, April 25 report.
Affiliated Managers Group, Inc., incorporated on December 29, 1993, is an asset management firm with equity investments in boutique investment management firms (Affiliates). The Firm is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies. The Firm manages assets in its three distribution channels: Institutional, Mutual Fund and High Net Worth. Through its Affiliates, the Company manages active return-oriented strategies primarily through separate accounts for large institutional investors around the world, including foundations, endowments, sovereign wealth funds and retirement plans for firms and municipalities. The Company’s aggregate assets under management are $611.3 billion in over 500 investment products across a range of active return-oriented strategies and distribution channels.
More recent Affiliated Managers Group, Inc. (NYSE:AMG) news were published by: Nasdaq.com which released: “Affiliated Managers Group Inc. Becomes Oversold” on October 31, 2016. Also Bostonglobe.com published the news titled: “Affiliated Managers Group CEO paid $17.5m last year” on April 29, 2016. Fool.com‘s news article titled: “Affiliated Managers Group Attracts Cash Flows Despite Tough Markets” with publication date: October 31, 2016 was also an interesting one.
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By Peter Erickson