Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Affiliated Managers Group (AMG) Share Price
Media stories about Affiliated Managers Group (NYSE:AMG) have been trending somewhat positive on Saturday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. 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 0.08 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 47.4236196722172 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
NYSE:AMG opened at $146.59 on Friday. The company has a market capitalization of $7.92 billion, a PE ratio of 10.04, a P/E/G ratio of 0.73 and a beta of 1.52. Affiliated Managers Group has a 1 year low of $142.79 and a 1 year high of $216.99. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.33 and a quick ratio of 1.33.
Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, July 30th. The asset manager reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.02. The business had revenue of $600.10 million during the quarter, compared to analyst estimates of $604.68 million. Affiliated Managers Group had a return on equity of 19.44% and a net margin of 29.59%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $3.33 EPS. research analysts expect that Affiliated Managers Group will post 15.48 EPS for the current fiscal year.
Several equities analysts have weighed in on the company. ValuEngine cut Affiliated Managers Group from a “hold” rating to a “sell” rating in a report on Friday, June 1st. Citigroup raised their price target on Affiliated Managers Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Deutsche Bank cut their price target on Affiliated Managers Group from $207.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, July 31st. Zacks Investment Research cut Affiliated Managers Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. Finally, Keefe, Bruyette & Woods upgraded Affiliated Managers Group from a “market perform” rating to an “outperform” rating and set a $191.00 price target for the company in a report on Monday, July 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $207.63.
In other news, Director Dwight D. Churchill sold 1,981 shares of the firm’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $166.28, for a total value of $329,400.68. Following the completion of the sale, the director now directly owns 6,469 shares of the company’s stock, valued at approximately $1,075,665.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by company insiders.
Affiliated Managers Group Company Profile
Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.
Further Reading: Outstanding Shares
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