TipRanksStock Market NewsAMG NewsAffiliated Managers (AMG) Receives a Hold from Jefferies

Affiliated Managers (AMG) Receives a Hold from Jefferies

Jefferies analyst Daniel Fannon maintained a Hold rating on Affiliated Managers (AMGResearch Report) today and set a price target of $184.00. The company’s shares closed last Monday at $146.97.

According to TipRanks.com, Fannon is a 5-star analyst with an average return of 12.5% and a 69.2% success rate. Fannon covers the Financial sector, focusing on stocks such as Intercontinental Exchange, WisdomTree Investments, and Janus Henderson Group.

Currently, the analyst consensus on Affiliated Managers is a Moderate Buy with an average price target of $215.20.

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Affiliated Managers’ market cap is currently $5.96B and has a P/E ratio of 12.87.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMG in relation to earlier this year.

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 firm provides assistance to investment management firms in strategic matters, marketing, distribution, product development and operations. The company was founded by William J. Nutt in December 1993 and is headquartered in West Palm Beach, FL.

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