Affiliated Managers Group (AMG) : 5 Wall Street analysts covering Affiliated Managers Group (AMG) believe that the average level the stock could reach for the short term is $189. The maximum price target given is $200 and the minimum target for short term is around $170, hence the standard deviation is calculated at $12.17.
Affiliated Managers Group (AMG) has an average broker rating of 1.17, which is interpreted as a Strong Buy, as rated by 6 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
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.
Affiliated Managers Group (NYSE:AMG): The stock opened at $142.33 on Thursday but the bulls could not build on the opening and the stock topped out at $142.61 for the day. The stock traded down to $138.26 during the day, due to lack of any buying support eventually closed down at $139.81 with a loss of -1.58% for the day. The stock had closed at $142.05 on the previous day. The total traded volume was 474,155 shares.
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.