Could Affiliated Managers Group Inc (NYSE:AMG) Skyrocket? The Stock Has Too Many Sellers

September 14, 2018 - By Ash Maslow

Affiliated Managers Group, Inc. (NYSE:AMG) Logo

Investors sentiment increased to 0.91 in 2018 Q2. Its up 0.12, from 0.79 in 2018Q1. It improved, as 55 investors sold Affiliated Managers Group, Inc. shares while 142 reduced holdings. 55 funds opened positions while 125 raised stakes. 47.51 million shares or 3.55% less from 49.26 million shares in 2018Q1 were reported.
Invesco Ltd holds 0.05% or 977,062 shares in its portfolio. Amg Comml Bank reported 0.01% stake. Tru Of Vermont has 55 shares for 0% of their portfolio. Credit Suisse Ag has 113,298 shares. 13,440 are held by State Of Alaska Department Of Revenue. Tiverton Asset Mgmt Ltd Liability Corporation stated it has 40,770 shares or 0.3% of all its holdings. State Street holds 0.03% or 2.62M shares in its portfolio. Cwm Limited Com owns 190 shares. State Of Tennessee Treasury Department holds 13,086 shares. 514,959 were accumulated by National Bank & Trust Of New York Mellon. 65,548 were accumulated by Channing Cap Mngmt Lc. Earnest Ptnrs Ltd Liability Corp holds 0% or 19 shares in its portfolio. Brandywine Global Inv Mngmt Ltd Liability Company holds 0.01% or 12,255 shares. New Jersey Better Educational Savings Trust owns 2,000 shares. Stifel Financial holds 0.02% or 46,448 shares.

Since June 6, 2018, it had 0 insider buys, and 1 sale for $329,401 activity.

The stock of Affiliated Managers Group Inc (NYSE:AMG) registered an increase of 37.9% in short interest. AMG’s total short interest was 897,200 shares in September as published by FINRA. Its up 37.9% from 650,600 shares, reported previously. With 399,500 shares average volume, it will take short sellers 2 days to cover their AMG’s short positions. The short interest to Affiliated Managers Group Inc’s float is 1.69%.

The stock increased 1.63% or $2.29 during the last trading session, reaching $142.99. About 71,347 shares traded. Affiliated Managers Group, Inc. (NYSE:AMG) has declined 20.51% since September 14, 2017 and is downtrending. It has underperformed by 36.13% the S&P500.

Affiliated Managers Group, Inc., through its affiliates, operates as an asset management firm providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. The company has market cap of $7.64 billion. It provides advisory or subadvisory services to mutual funds. It has a 11.3 P/E ratio. 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.

Affiliated Managers Group, Inc. (NYSE:AMG) Ratings Coverage

Among 8 analysts covering Affiliated Managers Group (NYSE:AMG), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Affiliated Managers Group has $22600 highest and $191 lowest target. $207.86’s average target is 45.37% above currents $142.99 stock price. Affiliated Managers Group had 13 analyst reports since April 6, 2018 according to SRatingsIntel. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) earned “Buy” rating by Deutsche Bank on Thursday, August 16. Credit Suisse maintained the shares of AMG in report on Tuesday, May 1 with “Neutral” rating. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) has “Buy” rating given on Tuesday, May 1 by Citigroup. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) earned “Outperform” rating by Wood on Tuesday, July 31. Barrington maintained the stock with “Buy” rating in Thursday, April 5 report. The firm has “Buy” rating given on Monday, April 30 by Barrington. The rating was downgraded by Wood to “Market Perform” on Wednesday, April 11. Keefe Bruyette & Woods downgraded Affiliated Managers Group, Inc. (NYSE:AMG) rating on Tuesday, April 10. Keefe Bruyette & Woods has “Hold” rating and $20600 target. Citigroup maintained Affiliated Managers Group, Inc. (NYSE:AMG) on Tuesday, July 31 with “Buy” rating. On Tuesday, July 31 the stock rating was maintained by Deutsche Bank with “Buy”.

Affiliated Managers Group, Inc. (NYSE:AMG) Institutional Positions Chart

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