Zacks Investment Research downgraded Affiliated Managers Group, Inc. (NYSE:AMG) to Sell in a statement released earlier today.
- Updated: September 20, 2016
Having a price of $143.70, Affiliated Managers Group, Inc. (NYSE:AMG) traded 1.28% lower on the day. The last stock close is down 7.15% relative to the two hundred day moving average, compared with the S&P 500 Index which has decreased -0.01% over the date range. AMG has logged a 50-day moving average of $143.37 and two hundred day average of $154.36. 371,960 shares of Affiliated Managers Group, Inc. exchanged hands, down from ann average trading volume of 537,377
Zacks Investment Research has downgraded Affiliated Managers Group, Inc.(NYSE:AMG) to Sell in a report released 9/20/2016.
A total of 9 firms have issued a report on Affiliated Managers Group, Inc.. Four analysts rate the stock a strong buy, five analysts rate the company a buy, one firm rate the company a hold, 0 rate the company to underperform, and lastly 0 analystsrate the stock as sell with a 12-month target of $207.33
Affiliated Managers Group, Inc. has a one-year low of $115.97 and a one-year high of $190.74 with a PE ratio of 17. The company’s market cap is currently $0.0.
More 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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