Affiliated Managers Group (NYSE:AMG) Given Outperform Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of Affiliated Managers Group (NYSE:AMG) in a report published on Wednesday, Benzinga reports. They currently have a $210.00 price objective on the asset manager’s stock.

A number of other research firms also recently weighed in on AMG. Deutsche Bank Aktiengesellschaft raised their price target on shares of Affiliated Managers Group from $202.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, August 15th. TD Cowen raised their target price on Affiliated Managers Group from $201.00 to $226.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. StockNews.com downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Bank of America raised their price objective on Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $210.50.

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $193.81 on Wednesday. The company has a market capitalization of $5.78 billion, a P/E ratio of 11.38, a P/E/G ratio of 0.63 and a beta of 1.20. The stock’s 50 day moving average price is $179.87 and its 200 day moving average price is $168.18. Affiliated Managers Group has a 52 week low of $123.65 and a 52 week high of $199.52.

Insider Buying and Selling at Affiliated Managers Group

In related news, COO Thomas M. Wojcik sold 4,786 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $172.71, for a total transaction of $826,590.06. Following the completion of the sale, the chief operating officer now owns 84,392 shares in the company, valued at $14,575,342.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Jay C. Horgen sold 9,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $171.98, for a total value of $1,547,820.00. Following the sale, the chief executive officer now owns 377,276 shares in the company, valued at approximately $64,883,926.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Thomas M. Wojcik sold 4,786 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $172.71, for a total transaction of $826,590.06. Following the transaction, the chief operating officer now owns 84,392 shares of the company’s stock, valued at approximately $14,575,342.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,408 shares of company stock worth $3,865,068 over the last ninety days. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMG. Lazard Asset Management LLC grew its position in Affiliated Managers Group by 87.1% during the first quarter. Lazard Asset Management LLC now owns 18,536 shares of the asset manager’s stock worth $3,103,000 after buying an additional 8,628 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Affiliated Managers Group during the 2nd quarter worth approximately $1,293,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Affiliated Managers Group during the 1st quarter worth approximately $4,094,000. LSV Asset Management increased its position in shares of Affiliated Managers Group by 10.9% during the first quarter. LSV Asset Management now owns 238,504 shares of the asset manager’s stock valued at $39,942,000 after purchasing an additional 23,454 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Affiliated Managers Group by 40.8% in the first quarter. Sei Investments Co. now owns 48,185 shares of the asset manager’s stock valued at $8,069,000 after purchasing an additional 13,968 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.