KBW analyst Robert Lee reiterated a Hold rating on Affiliated Managers (NYSE: AMG) on July 12 and set a price target of $174. The company’s shares closed yesterday at $148.48, close to its 52-week low of $145.
According to TipRanks.com, Lee is a 5-star analyst with an average return of 9.1% and a 69.0% success rate. Lee covers the Financial sector, focusing on stocks such as Oaktree Capital Group Llc, SEI Investments Company, and WisdomTree Investments.
Affiliated Managers has an analyst consensus of Moderate Buy, with a price target consensus of $195.50, a 31.7% upside from current levels. In a report issued on June 29, Credit Suisse also maintained a Hold rating on the stock with a $188 price target.
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Based on Affiliated Managers’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $153 million. In comparison, last year the company had a net profit of $126 million.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is neutral on the stock. Last month, Dwight Churchill, a Director at AMG sold 1,981 shares for a total of $329,401.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Affiliated Managers Group, Inc. is an asset management company with equity investments in a diverse group of growing, boutique investment management firms. The company provides assistance to investment management firms in strategic matters, marketing, distribution, product development and operations.
