Affiliated Managers Group (AMG) Shares are Down -0.98%

Affiliated Managers Group (AMG) : During the past 4 weeks, traders have been relatively bearish on Affiliated Managers Group (AMG), hence the stock is down -3.12% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.95% relative to the S&P 500. The 4-week change in the price of the stock is -2.74% and the stock has fallen -0.98% in the past 1 week.

Affiliated Managers Group Inc. has dropped 14.28% during the last 3-month period . Year-to-Date the stock performance stands at -11.29%. The stock has recorded a 20-day Moving Average of 1.56% and the 50-Day Moving Average is 2.45%.


Affiliated Managers Group (NYSE:AMG): The stock opened at $141.16 on Friday but the bulls could not build on the opening and the stock topped out at $142.17 for the day. The stock traded down to $140.45 during the day, due to lack of any buying support eventually closed down at $141.73 with a loss of -0.01% for the day. The stock had closed at $141.75 on the previous day. The total traded volume was 267,521 shares.

Also, Deutsche Bank maintains its view on Affiliated Managers Group (NYSE:AMG) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Deutsche Bank lowers the price target from $192 per share to $183 per share on Affiliated Managers Group . The rating by the firm was issued on August 5, 2016.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.