Deutsche Bank Maintains Affiliated Managers Group to Buy with Price Target $183.00

Brokerage firm Deutsche Bank Maintains its rating on Affiliated Managers Group(NYSE:AMG). In a research note issued to the investors, the brokerage major Lowers the price-target to $183.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Aug 5, 2016.

In a different note, On Aug 2, 2016, Keefe Bruyette & Woods said it Maintains its rating on Affiliated Managers Group. In the research note, the firm Lowers the price-target to $215.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jul 18, 2016, Deutsche Bank said it Maintains its rating on Affiliated Managers Group. In the research note, the firm Raises the price-target to $193.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 11, 2016, Jefferies said it Maintains its rating on Affiliated Managers Group. In the research note, the firm Lowers the price-target to $197.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 16, 2016, Deutsche Bank said it Maintains its rating on Affiliated Managers Group. In the research note, the firm Lowers the price-target to $210.00 per share. The shares have been rated ‘Buy’ by the firm. On May 9, 2016, ABN Amro said it Upgrades its rating on Affiliated Managers Group. In the research note, the firm Raises the price-target to $9.00 per share. The shares have been rated ‘Buy’ by the firm.

Affiliated Managers Group (AMG) made into the market gainers list on Wednesdays trading session with the shares advancing 0.38% or 0.54 points. Due to strong positive momentum, the stock ended at $141.8, which is also near the day’s high of $142.1052. The stock began the session at $141.17 and the volume stood at 4,29,873 shares. The 52-week high of the shares is $205.94 and the 52 week low is $115.97. The company has a current market capitalization of $7,639 M and it has 5,38,72,047 shares in outstanding.

Affiliated Managers Group(AMG) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $554.10M. Analysts had an estimated revenue of $566.57M. Earnings per share were $3.06. Analysts had estimated an EPS of $3.02.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2015, Nathaniel Dalton (President and COO) sold 75,000 shares at $221.85 per share price.Also, On May 5, 2015, Jay C. Horgen (CFO and Treasurer) sold 22,411 shares at $226.97 per share price.On May 5, 2015, William J Nutt (director) sold 5,625 shares at $227.25 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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 Company’s affiliates it provides advisory services to ultra-high net worth individuals and family trusts.

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