Revenue Update on Affiliated Managers Group(NYSE:AMG)

Affiliated Managers Group(NYSE:AMG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 1, 2016. Company reported revenue of $554.10M. Analysts estimated a revenue of $566.57M. Earnings per share were $3.06. Analysts had estimated an EPS of $3.02.

In a different note, 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) shares turned negative on Mondays trading session with the shares closing down -1.46 points or -1.00% at a volume of 2,98,578. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $148.37. The peak price level was also seen at $148.37 while the days lowest was $144.58. Finally the shares closed at $144.82. The 52-week high of the shares is $212.47 while the 52-week low is $115.97. According to the latest information available, the market cap of the company is $7,793 M.

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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