Affiliated Managers Group, Inc. (NYSE:AMG) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 17, 2016
Showing a price of $140.72, Affiliated Managers Group, Inc. (NYSE:AMG) traded 1.49% lower on the day. The last stock price close is down 6.35% from the two hundred day moving average, compared with the S&P 500 which has decreased -0.01% over the same period. Affiliated Managers Group, Inc. has recorded a 50-day moving average of $143.47 and 200-day moving average of $154.35. 751,807 shares of AMG exchanged hands, up from ann avg. volume of 540,128
Zacks Investment Research has downgraded Affiliated Managers Group, Inc.(NYSE:AMG) to Sell in a report released 8/19/2016.
On Friday August 5 2016, Deutsche Bank released a statement for Affiliated Managers Group, Inc.(NYSE:AMG) dropped the target price from $192.00 to $183.00 that indicated a possible upside of 0.25%.
Recent Performance Graph:
A total of 9 brokerages have issued a research note on the company. Four analysts rate the stock a strong buy, five firms rate the company a buy, one firm rate the stock a hold, 0 rate the company to underperform, and finally 0 firmsrate the company as sell with a 12-month target stock price of $207.33
With a market capitalization of $0.0, Affiliated Managers Group, Inc. has a 52 week low of $115.97 and a 52 week high of $190.74 with a P/E ratio of 17.
Brief Synopsis 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, and 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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