Economy

Affiliated Managers Group, Inc. (NYSE:AMG) Experiences Lighter than Usual Trading Volume

Vanguard Group Inc. now owns 5,574,012 shares of the asset manager's stock valued at $924,505,000 after buying an additional 270,929 shares during the last quarter.

Affiliated Managers Group, Inc., launched on December 29, 1993, is an asset management company with equity investments in boutique investment management firms (Affiliates). (:AMG)'s stock was 34.36%. It has underperformed by 22.30% the S&P500. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Therefore 80% are positive.

Several research analysts have recently issued reports on the company. The rating was maintained by Jefferies on Wednesday, October 7 with "Buy". The stock of Primoris Services Corp (NASDAQ:PRIM) earned "Hold" rating by KeyBanc Capital Markets on Monday, September 18. The rating was upgraded by Citigroup to "Buy" on Monday, April 25. The firm earned "Outperform" rating on Tuesday, August 2 by Wood. The rating was maintained by Deutsche Bank with "Buy" on Monday, July 18. Wunderlich maintained it with "Buy" rating and $26 target in Thursday, November 12 report.

Investors sentiment decreased to 0.9 in 2017 Q2. Its down 0.13, from 1.09 in 2017Q1.

Affiliated Managers Group (AMG)'s Williams Percent Range or 14 day Williams %R is now sitting at -9.25. 43 funds opened positions while 143 raised stakes. Osborne Ptnrs Limited Liability has invested 0.1% in Affiliated Managers Group, Inc. (NYSE:AMG) on Monday, June 12. Congress Asset Management Ma holds 30,678 shares. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager's stock worth $125,000 after acquiring an additional 16 shares during the last quarter. Monarch Asset Management Ltd Liability invested in 0.51% or 31,346 shares. New Mexico Educational Retirement Board accumulated 5,300 shares or 0.05% of the stock. Citadel Advisors Ltd Limited Liability Company holds 0.11% or 818,266 shares. (NYSE:AMG). California State Teachers Retirement System reported 107,025 shares stake. Virtus Investment Advisers Inc reported 0.01% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG). 2,700 are owned by Smithfield Tru. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt Corp has 32,300 shares.

Tracking stock levels, Affiliated Managers Group (AMG) has a 14-day Commodity Channel Index (CCI) of 101.67. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group, Inc. with MarketBeat.com's FREE daily email newsletter. (NYSE:AMG). Amica Mutual Insurance has invested 0.57% in Affiliated Managers Group, Inc. Moreover, Meiji Yasuda Life Insur has 0.06% invested in Affiliated Managers Group, Inc. The company has a market capitalization of $10.92 billion, a P/E ratio of 21.63 and a beta of 1.66. The Firm operates in three divisions, 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 firms and municipalities. The correct version of this piece of content can be accessed at https://weekherald.com/2017/10/06/prudential-plc-buys-19545-shares-of-affiliated-managers-group-inc-amg.html. Therefore 78% are positive. Finally, Credit Suisse Group lifted their target price on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the company an outperform rating in a research report on Friday, August 11th. Deutsche Bank maintained Affiliated Managers Group, Inc.

Watching shares of Affiliated Managers Group (AMG), we have recently seen that the SuperTrend is now lower than recent stock price levels.

Analysts expect Affiliated Managers Group, Inc. On Monday, June 27 the stock rating was downgraded by JP Morgan to "Underweight". The stock has "Buy" rating by Jefferies on Thursday, August 17. On Friday, November 4 the stock rating was downgraded by Deutsche Bank to "Hold". Deutsche Bank maintained the shares of AMG in report on Wednesday, October 5 with "Buy" rating.

03/31/2014 - Affiliated Managers Group, Inc. was upgraded to "buy" by analysts at Citic Securities. The rating was maintained by Wood on Wednesday, April 5 with "Buy". Keefe Bruyette & Woods has "Outperform" rating and $163 target.

Since May 19, 2017, it had 0 buys, and 3 sales for $11.07 million activity. 3,277 shares were sold by Churchill Dwight D. Shares for $9.17 million were sold by HEALEY SEAN M. (NYSE:AMG) for 274,941 shares. Penn Management invested in 10,323 shares. Primoris Services Corp (NASDAQ:PRIM) has risen 10.63% since October 3, 2016 and is uptrending. It has underperformed by 10.01% the S&P500.

Investors sentiment increased to 1.2 in Q2 2017. Its up 0.11, from 0.93 in 2017Q1. Oppenheimer Asset Mngmt Inc owns 6,590 shares or 0.03% of their U.S. portfolio. 50 funds opened positions while 76 raised stakes. (NYSE:AMG). Caisse De Depot Et Placement Du Quebec owns 6,589 shares for 0% of their portfolio. Cibc Corporation accumulated 8,000 shares. Voya Investment Ltd Llc owns 11,591 shares. Bar Harbor Ser stated it has 168,550 shares or 2.21% of all its holdings. 2,580 were accumulated by Intrust Savings Bank Na. Assetmark owns 104 shares for 0% of their portfolio.



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