Affiliated Managers Group (AMG) Earning Favorable Media Coverage, Accern Reports

Press coverage about Affiliated Managers Group (NYSE:AMG) has trended positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Affiliated Managers Group earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned media headlines about the asset manager an impact score of 46.41405084356 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Affiliated Managers Group (AMG) traded down $0.26 during midday trading on Tuesday, hitting $200.27. The stock had a trading volume of 304,798 shares, compared to its average volume of 274,333. Affiliated Managers Group has a twelve month low of $139.52 and a twelve month high of $207.67. The stock has a market capitalization of $11,130.00, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 0.82 and a beta of 1.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, beating the consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The business had revenue of $585.70 million during the quarter, compared to the consensus estimate of $586.55 million. During the same period in the prior year, the business posted $3.02 earnings per share. Affiliated Managers Group’s revenue was up 7.5% compared to the same quarter last year. research analysts anticipate that Affiliated Managers Group will post 14.47 earnings per share for the current fiscal year.

Several analysts have recently weighed in on AMG shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $229.00 price objective on shares of Affiliated Managers Group in a report on Thursday, October 12th. Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 price objective for the company in a report on Monday, October 2nd. Jefferies Group restated a “buy” rating and issued a $226.00 price objective on shares of Affiliated Managers Group in a report on Thursday, October 12th. Credit Suisse Group lowered Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 price objective for the company. in a report on Wednesday, January 3rd. Finally, Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 price objective for the company. in a report on Tuesday. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $211.63.

In related news, Director Dwight D. Churchill sold 2,080 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $184.28, for a total value of $383,302.40. Following the completion of the sale, the director now directly owns 6,104 shares of the company’s stock, valued at approximately $1,124,845.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Patrick T. Ryan sold 7,705 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $185.27, for a total value of $1,427,505.35. Following the completion of the sale, the director now directly owns 6,797 shares of the company’s stock, valued at $1,259,280.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,585 shares of company stock valued at $16,734,012. 1.40% of the stock is currently owned by company insiders.

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About Affiliated Managers Group

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, 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 corporations and municipalities.

Insider Buying and Selling by Quarter for Affiliated Managers Group (NYSE:AMG)

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