In a report released today, William Katz from Citigroup maintained a Buy rating on Affiliated Managers (NYSE: AMG), with a price target of $200. The company’s shares opened today at $164.03.
According to TipRanks.com, Katz is a 4-star analyst with an average return of 4.8% and a 59.3% success rate. Katz covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, WisdomTree Investments, and Federated Investors.
Currently, the analyst consensus on Affiliated Managers is Moderate Buy and the average price target is $213.17, representing a 30.0% upside.
In a report released yesterday, Barrington also reiterated a Buy rating on the stock with a $220 price target.
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Affiliated Managers’ market cap is currently $9.64B and has a P/E ratio of 13.66. The company has a book value ratio of 2.5232.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is neutral on the stock. Last month, Samuel Byrne, a Director at AMG bought 1,981 shares for a total of $197,426.
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.
