Affiliated Managers Group (NYSE:AMG): The stock price is expected to reach $ 201.75 in the short term. The number of analysts agreeing with this consensus is 4. The higher estimate for the short term price target is at $210 while the lower estimate is at $197. The standard deviation of the price stands at $5.68.
Many analysts have stated their opinion on the company shares. Major Brokerage house, ABN Amro upgrades its ratings on Affiliated Managers Group (NYSE:AMG). In the latest research report, ABN Amro raises the target price from $9 per share to $13 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on May 9, 2016. For this week, the average consensus of the company shares are rated as a Strong Buy.
On the companys insider trading activities, Horgen Jay C., officer (CFO and Treasurer) of Affiliated Managers Group, Inc., unloaded 22,411 shares at an average price of $226.97 on May 1, 2015. The total amount of the transaction was worth $5,086,625, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Affiliated Managers Group (NYSE:AMG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 2.69 points or 1.68% at $156.99 with 876,540 shares getting traded. Post opening the session at $158.86, the shares hit an intraday low of $156.79 and an intraday high of $159.64 and the price was in this range throughout the day. The company has a market cap of $8,448 million and the number of outstanding shares have been calculated to be 53,811,550 shares. The 52-week high of Affiliated Managers Group (NYSE:AMG) is $229.12 and the 52-week low is $115.97.
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.