Fintel reports that on April 5, 2023,
B of A Securities
maintained
coverage of Affiliated Managers Group (NYSE:AMG) with
a Neutral recommendation.
Analyst Price Forecast Suggests 44.82% Upside
As of March 30, 2023,
the average one-year price target for Affiliated Managers Group is $198.61.
The forecasts range from a low of $183.82 to a high of $210.00.
The average price target represents an increase of 44.82% from its latest reported closing price of $137.14.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Affiliated Managers Group
is $2,258MM, a decrease of 3.07%.
The projected annual non-GAAP EPS
is $19.48.
What are Other Shareholders Doing?
Citadel Advisors
holds 466K shares
representing 1.30% ownership of the company.
In it’s prior filing, the firm reported owning 385K shares, representing
an increase
of 17.35%.
The firm
increased
its portfolio allocation in AMG by 75.66% over the last quarter.
Legal & General Group
holds 56K shares
representing 0.16% ownership of the company.
In it’s prior filing, the firm reported owning 56K shares, representing
a decrease
of 0.26%.
The firm
increased
its portfolio allocation in AMG by 37.77% over the last quarter.
ISCB – iShares Morningstar Small-Cap ETF
holds 2K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 2K shares, representing
a decrease
of 0.93%.
The firm
increased
its portfolio allocation in AMG by 27.14% over the last quarter.
Illinois Municipal Retirement Fund
holds 5K shares
representing 0.01% ownership of the company.
No change in the last quarter.
Renaissance Technologies
holds 74K shares
representing 0.21% ownership of the company.
In it’s prior filing, the firm reported owning 39K shares, representing
an increase
of 47.91%.
The firm
increased
its portfolio allocation in AMG by 162.97% over the last quarter.
What is the Fund Sentiment?
There are 747 funds or institutions reporting positions in Affiliated Managers Group.
This is an increase
of
56
owner(s) or 8.10% in the last quarter.
Average portfolio weight of all funds dedicated to AMG is 0.25%,
an increase
of 5.23%.
Total shares owned by institutions increased
in the last three months by 1.80% to 44,097K shares.
The put/call ratio of AMG is 0.72, indicating a
bullish
outlook.
Affiliated Managers Group Background Information
(This description is provided by the company.)
AMG is a global asset management company with equity investments in leading boutique investment management firms. AMG’s strategy is to generate long-term value by investing in leading independent active investment managers, through a proven partnership approach, and allocating resources across the Company’s unique opportunity set to the areas of highest growth and return. AMG’s innovative partnership approach allows each Affiliate’s management team to own significant equity in their firm while maintaining operational autonomy. In addition, AMG provides centralized assistance to its Affiliates on strategy, marketing, distribution, and product development. As of September 30, 2020, AMG’s aggregate assets under management were approximately $654 billion, across a broad range of active, return-oriented strategies.
See all Affiliated Managers Group regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
