In a report released today, Brian Bedell from Deutsche Bank maintained a Buy rating on Affiliated Managers (AMG), with a price target of $158. The company’s shares closed yesterday at $113.29, close to its 52-week low of $108.95.
According to TipRanks.com, Bedell is a 4-star analyst with an average return of 3.9% and a 52.5% success rate. Bedell covers the Financial sector, focusing on stocks such as WisdomTree Investments, Franklin Resources, and E*Trade Financial.
Currently, the analyst consensus on Affiliated Managers is a Strong Buy with an average price target of $151.
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Based on Affiliated Managers’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $125 million. In comparison, last year the company had a net profit of $125 million.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2018, Samuel Byrne, a Director at AMG bought 2,034 shares for a total of $183,507.
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.
