Affiliated Managers Group, Inc. (NYSE:AMG) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded Affiliated Managers Group, Inc. (NYSE:AMG) to Hold in a statement released on 10/12/2016.
On Tuesday October 04, 2016, Zacks Investment Research released a statement for Affiliated Managers Group, Inc. (NYSE:AMG) bumped up the target price from $0.00 to $164.00 that suggested an upside of 0.12%.
Boasting a price of $146.25, Affiliated Managers Group, Inc. (NYSE:AMG) traded -0.57% lower on the day. With the last stock price close down -4.99% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Affiliated Managers Group, Inc. has recorded a 50-day average of $144.93 and a two hundred day average of $153.47. Volume of trade was up over the average, with 469,097 shares of AMG changing hands over the typical 452,283
With a total market value of $0, Affiliated Managers Group, Inc. has price-earnings ratio of 16.96 with a one year low of $115.97 and a one year high of $190.74 .
In addition to Zacks Investment Research reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $207.33 with 4 firms rating the stock a strong buy, 5 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Affiliated Managers Group, Inc. (NYSE:AMG)
Affiliated Managers Group, Inc. is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies. The Company manages assets in its three distribution channels: Institutional, Mutual Fund and High Net Worth. Through its Affiliates, the Company manages active return-oriented strategies primarily through separate accounts for large institutional investors around the world, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities. The Company's aggregate assets under management are $611.3 billion in over 500 investment products across a range of active return-oriented strategies and distribution channels.
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