Media coverage about Affiliated Managers Group (NYSE:AMG) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Affiliated Managers Group earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 47.3544678344028 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern’s analysis:

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NYSE AMG traded up $2.11 on Monday, reaching $171.36. 497,083 shares of the stock traded hands, compared to its average volume of 431,678. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $9,223.48, a P/E ratio of 11.74, a PEG ratio of 0.72 and a beta of 1.51. Affiliated Managers Group has a 12 month low of $148.81 and a 12 month high of $216.99.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, January 29th. The asset manager reported $4.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.55 by $0.13. The firm had revenue of $604.10 million during the quarter, compared to analyst estimates of $608.51 million. Affiliated Managers Group had a return on equity of 18.61% and a net margin of 29.92%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $3.80 EPS. research analysts predict that Affiliated Managers Group will post 16.92 earnings per share for the current fiscal year.

Affiliated Managers Group declared that its Board of Directors has initiated a share repurchase plan on Monday, January 29th that permits the company to buyback 3,400,000 shares. This buyback authorization permits the asset manager to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Several analysts recently commented on AMG shares. Citigroup raised their target price on Affiliated Managers Group from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Deutsche Bank lowered their target price on Affiliated Managers Group from $215.00 to $213.00 and set a “buy” rating on the stock in a research report on Tuesday, March 6th. Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $225.00 target price on the stock in a research report on Tuesday, January 9th. Jefferies Group restated a “buy” rating and issued a $226.00 target price on shares of Affiliated Managers Group in a research report on Wednesday, April 11th. Finally, ValuEngine cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Affiliated Managers Group currently has a consensus rating of “Buy” and a consensus target price of $225.38.

In other Affiliated Managers Group news, CFO Jay C. Horgen sold 30,000 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $189.59, for a total transaction of $5,687,700.00. Following the completion of the transaction, the chief financial officer now directly owns 114,039 shares of the company’s stock, valued at approximately $21,620,654.01. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

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Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

Insider Buying and Selling by Quarter for Affiliated Managers Group (NYSE:AMG)

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