Affiliated Managers Group (AMG) Getting Positive Media Coverage, Report Shows
News headlines about Affiliated Managers Group (NYSE:AMG) have trended positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Affiliated Managers Group earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 46.6429959665398 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Financial Comparison: Noah (NOAH) versus Affiliated Managers Group (AMG) (americanbankingnews.com)
- Principal Financial (PFG) to Consolidate Presence in India – Nasdaq (nasdaq.com)
- Lowered Expectations: Legg Mason, AMG Downgraded – Barron’s (barrons.com)
- 4 Reasons to Add Affiliated Managers to Your Portfolio Now (finance.yahoo.com)
AMG has been the subject of several research reports. Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 target price for the company in a research note on Monday, October 2nd. Jefferies Group restated a “buy” rating and issued a $226.00 target price on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $229.00 price target on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Credit Suisse Group downgraded Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 price target for the company. in a research note on Wednesday. Finally, Barrington Research reiterated an “outperform” rating and set a $215.00 price target on shares of Affiliated Managers Group in a research note on Wednesday, October 4th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $211.71.
Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.36 by $0.05. The business had revenue of $585.70 million during the quarter, compared to the consensus estimate of $586.55 million. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.02 EPS. equities research analysts expect that Affiliated Managers Group will post 14.47 earnings per share for the current year.
In other Affiliated Managers Group news, CEO Sean M. Healey sold 69,800 shares of Affiliated Managers Group stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $185.48, for a total transaction of $12,946,504.00. Following the completion of the transaction, the chief executive officer now owns 194,943 shares in the company, valued at approximately $36,158,027.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter W. Macewen sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $197.67, for a total value of $1,976,700.00. Following the completion of the transaction, the insider now owns 37,682 shares in the company, valued at approximately $7,448,600.94. The disclosure for this sale can be found here. Insiders have sold a total of 89,585 shares of company stock valued at $16,734,012 in the last quarter. Company insiders own 1.40% of the company’s stock.
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Affiliated Managers Group Company Profile
Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.
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