Affiliated Managers Group Inc. (NYSE:AMG)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $142.55, but opened at $142.92. Affiliated Managers Group shares last traded at $145.09, with a volume of 286,545 shares changing hands.

AMG has been the subject of a number of analyst reports. Deutsche Bank AG raised their target price 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. Goldman Sachs Group Inc. raised shares of Affiliated Managers Group from a “buy” rating to a “conviction-buy” rating and raised their target price for the company from $175.00 to $190.00 in a research note on Monday, March 21st. Zacks Investment Research raised shares of Affiliated Managers Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 24th. TheStreet raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, April 8th. Finally, Jefferies Group raised their target price on shares of Affiliated Managers Group to $197.00 in a research note on Tuesday, April 12th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Affiliated Managers Group currently has an average rating of “Buy” and an average price target of $191.09.

The company has a 50 day moving average price of $153.14 and a 200-day moving average price of $151.31. The company has a market capitalization of $7.76 billion and a price-to-earnings ratio of 16.15.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.02. The business earned $635 million during the quarter, compared to analysts’ expectations of $583.37 million. Affiliated Managers Group’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.91 EPS. On average, analysts expect that Affiliated Managers Group Inc. will post $12.93 earnings per share for the current year.

Several large investors have made changes to their positions in the company. Winton Capital Group Ltd boosted its stake in shares of Affiliated Managers Group by 321.9% in the fourth quarter. Winton Capital Group Ltd now owns 273,418 shares of the company’s stock valued at $43,681,000 after buying an additional 208,617 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in shares of 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 valued at $1,149,000 after buying an additional 328 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Affiliated Managers Group by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 4,550,660 shares of the company’s stock valued at $727,014,000 after buying an additional 106,825 shares during the last quarter. Monarch Partners Asset Management LLC acquired a new stake in shares of Affiliated Managers Group during the fourth quarter valued at $13,006,000. Finally, Regal Investment Advisors LLC boosted its stake in shares of Affiliated Managers Group by 9.1% in the fourth quarter. Regal Investment Advisors LLC now owns 18,805 shares of the company’s stock valued at $3,004,000 after buying an additional 1,575 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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