Media headlines about Affiliated Managers Group (NYSE:AMG) have trended positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Affiliated Managers Group earned a news sentiment score of 0.30 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 47.1948997519755 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- $586.97 Million in Sales Expected for Affiliated Managers Group, Inc. (AMG) This Quarter (americanbankingnews.com)
- Keefe, Bruyette & Woods Reaffirms Buy Rating for Affiliated Managers Group, Inc. (AMG) (americanbankingnews.com)
- Zacks: Analysts Expect Affiliated Managers Group, Inc. (AMG) Will Post Earnings of $3.35 Per Share (americanbankingnews.com)
- FY2018 EPS Estimates for Affiliated Managers Group, Inc. Raised by Jefferies Group (AMG) (americanbankingnews.com)
- Q3 2017 EPS Estimates for Affiliated Managers Group, Inc. (AMG) Boosted by Analyst (americanbankingnews.com)
AMG has been the topic of a number of research reports. ValuEngine upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. BidaskClub upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $186.00 price objective on the stock in a report on Tuesday, July 4th. Credit Suisse Group restated a “buy” rating and issued a $207.00 price objective on shares of Affiliated Managers Group in a report on Sunday, July 9th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $200.00 price objective on shares of Affiliated Managers Group in a report on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $207.25.
Shares of Affiliated Managers Group (NYSE:AMG) opened at 193.79 on Wednesday. The stock has a market capitalization of $10.84 billion, a P/E ratio of 21.47 and a beta of 1.66. Affiliated Managers Group has a one year low of $130.48 and a one year high of $196.77. The company’s 50 day moving average price is $184.12 and its 200 day moving average price is $170.54.
Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, July 31st. The asset manager reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.09. Affiliated Managers Group had a net margin of 22.99% and a return on equity of 17.45%. The company had revenue of $570.90 million for the quarter, compared to analysts’ expectations of $573.73 million. During the same quarter in the previous year, the firm posted $3.07 earnings per share. Affiliated Managers Group’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts expect that Affiliated Managers Group will post $14.48 earnings per share for the current year.
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About Affiliated Managers Group
Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.
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