Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Affiliated Managers Group (AMG) Share Price
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:
- Affiliated Managers Group (AMG) Downgraded by BidaskClub (americanbankingnews.com)
- Affiliated Managers Group (AMG) Earns Buy Rating from Jefferies Group (americanbankingnews.com)
- Affiliated Managers Group (AMG) Receives “Buy” Rating from Keefe, Bruyette & Woods (americanbankingnews.com)
- Q2 2018 EPS Estimates for Affiliated Managers Group (AMG) Decreased by Jefferies Group (americanbankingnews.com)
- Keefe, Bruyette & Woods Downgrades Affiliated Managers Group (AMG) to Market Perform (streetinsider.com)
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 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.
ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Affiliated Managers Group (AMG) Share Price” was originally published by Daily Political and is owned by of Daily Political. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.dailypolitical.com/2018/04/16/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-affiliated-managers-group-amg-share-price.html.
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.
Receive News & Ratings for Affiliated Managers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group and related companies with MarketBeat.com's FREE daily email newsletter.