Deutsche Bank Aktiengesellschaft Increases Affiliated Managers Group (NYSE:AMG) Price Target to $171.00

Affiliated Managers Group (NYSE:AMGGet Rating) had its target price upped by analysts at Deutsche Bank Aktiengesellschaft from $161.00 to $171.00 in a note issued to investors on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 10.32% from the stock’s current price.

Other analysts have also issued reports about the company. Barrington Research increased their price objective on Affiliated Managers Group from $145.00 to $155.00 in a report on Monday, November 7th. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 8th. Finally, Credit Suisse Group boosted their price objective on shares of Affiliated Managers Group from $140.00 to $163.50 and gave the stock an “outperform” rating in a research report on Tuesday, November 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Affiliated Managers Group currently has a consensus rating of “Moderate Buy” and an average target price of $174.58.

Affiliated Managers Group Stock Down 0.7 %

AMG opened at $155.00 on Tuesday. The firm has a market cap of $5.84 billion, a PE ratio of 11.84, a P/E/G ratio of 0.99 and a beta of 1.28. The business has a fifty day simple moving average of $125.42 and a 200-day simple moving average of $125.98. Affiliated Managers Group has a fifty-two week low of $108.12 and a fifty-two week high of $179.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Clarkston Capital Partners LLC raised its position in Affiliated Managers Group by 2.4% in the third quarter. Clarkston Capital Partners LLC now owns 2,077,383 shares of the asset manager’s stock worth $232,355,000 after acquiring an additional 49,201 shares during the period. Captrust Financial Advisors grew its stake in Affiliated Managers Group by 429.9% in the 3rd quarter. Captrust Financial Advisors now owns 9,788 shares of the asset manager’s stock worth $1,095,000 after buying an additional 7,941 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Affiliated Managers Group by 19.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 13,423 shares of the asset manager’s stock worth $1,501,000 after buying an additional 2,189 shares in the last quarter. Algert Global LLC boosted its stake in shares of Affiliated Managers Group by 16.1% in the 3rd quarter. Algert Global LLC now owns 25,658 shares of the asset manager’s stock valued at $2,870,000 after purchasing an additional 3,550 shares in the last quarter. Finally, River & Mercantile Asset Management LLP boosted its stake in shares of Affiliated Managers Group by 47.2% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 56,834 shares of the asset manager’s stock valued at $8,587,000 after purchasing an additional 18,216 shares in the last quarter. 96.62% of the stock is currently owned by institutional investors and hedge funds.

About Affiliated Managers Group

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Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.

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