Affiliated Managers Group Inc. (NYSE:AMG) saw unusually-strong trading volume on Wednesday . Approximately 1,331,882 shares traded hands during trading, an increase of 55% from the previous session’s volume of 856,625 shares.The stock last traded at $132.45 and had previously closed at $134.19.

Several analysts recently issued reports on AMG shares. Zacks Investment Research cut shares of Affiliated Managers Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Sidoti cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $46.00 price objective for the company. in a research note on Friday, May 13th. TheStreet cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. ABN Amro raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Monday, May 9th. Finally, Deutsche Bank AG upped their price objective on shares of Affiliated Managers Group from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, March 18th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $191.25.

The stock has a 50 day moving average price of $157.71 and a 200-day moving average price of $152.02. The firm has a market cap of $7.13 billion and a P/E ratio of 14.84.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.02. The firm earned $635 million during the quarter, compared to analyst estimates of $583.37 million. During the same period in the prior year, the firm earned $2.91 EPS. The business’s quarterly revenue was down 14.1% on a year-over-year basis. Equities research analysts predict that Affiliated Managers Group Inc. will post $13.23 earnings per share for the current year.

Other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in Affiliated Managers Group by 4.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 7,190 shares of the company’s stock worth $1,149,000 after buying an additional 328 shares in the last quarter. Marshall Wace LLP bought a new stake in Affiliated Managers Group during the fourth quarter worth about $1,291,000. Intrust Bank NA increased its stake in Affiliated Managers Group by 42.2% in the fourth quarter. Intrust Bank NA now owns 8,688 shares of the company’s stock worth $1,388,000 after buying an additional 2,580 shares during the last quarter. GAM Holding AG increased its stake in Affiliated Managers Group by 633.4% in the fourth quarter. GAM Holding AG now owns 9,013 shares of the company’s stock worth $1,440,000 after buying an additional 7,784 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in Affiliated Managers Group by 21.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 10,086 shares of the company’s stock worth $1,784,000 after buying an additional 1,764 shares during the last quarter.

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.

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