News articles about Affiliated Managers Group (NYSE:AMG) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Affiliated Managers Group earned a news impact score of 0.23 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 47.0889402007684 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
Affiliated Managers Group stock traded down $5.57 on Friday, hitting $176.44. The company’s stock had a trading volume of 454,657 shares, compared to its average volume of 376,392. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.59 and a quick ratio of 0.59. Affiliated Managers Group has a one year low of $148.81 and a one year high of $216.99. The firm has a market capitalization of $9,918.85, a PE ratio of 12.44, a price-to-earnings-growth ratio of 0.65 and a beta of 1.51.
Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, January 29th. The asset manager reported $4.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.55 by $0.13. Affiliated Managers Group had a net margin of 29.92% and a return on equity of 18.61%. The business had revenue of $604.10 million for the quarter, compared to analyst estimates of $608.51 million. During the same quarter in the prior year, the firm earned $3.80 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. analysts predict that Affiliated Managers Group will post 17.55 earnings per share for the current fiscal year.
Affiliated Managers Group declared that its board has initiated a share repurchase plan on Monday, January 29th that allows the company to buyback 3,400,000 outstanding shares. This buyback authorization allows the asset manager to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Several analysts recently weighed in on AMG shares. ValuEngine downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded shares of Affiliated Managers Group from a “hold” rating to a “sell” rating in a report on Tuesday. Deutsche Bank boosted their target price on shares of Affiliated Managers Group from $213.00 to $215.00 and gave the stock a “buy” rating in a report on Friday. Credit Suisse Group downgraded shares of Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 target price on the stock. in a research report on Wednesday, January 3rd. Finally, Citigroup boosted their price objective on shares of Affiliated Managers Group from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $228.25.
In other Affiliated Managers Group news, CFO Jay C. Horgen sold 30,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $189.59, for a total transaction of $5,687,700.00. Following the transaction, the chief financial officer now directly owns 114,039 shares in the company, valued at approximately $21,620,654.01. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
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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.
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