What’s Propelling Affiliated Managers Group Inc (NYSE:AMG) After Lower Shorts Reported?

April 17, 2018 - By Migdalia James

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

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.22, from 0.91 in 2017Q3. It improved, as 30 investors sold Affiliated Managers Group, Inc. shares while 145 reduced holdings. 62 funds opened positions while 135 raised stakes. 49.42 million shares or 0.29% less from 49.56 million shares in 2017Q3 were reported.
1,371 are owned by Advisor Prns Limited. Engineers Gate Manager Limited Partnership has 0.11% invested in Affiliated Managers Group, Inc. (NYSE:AMG). Balyasny Asset Management Ltd owns 104,907 shares or 0.07% of their US portfolio. Numeric Invsts Ltd Com accumulated 1,000 shares. Teacher Retirement Systems Of Texas reported 18,206 shares. Ing Groep Nv owns 5,285 shares or 0.02% of their US portfolio. 1,081 were accumulated by Conning. Legal & General Group Pcl owns 283,545 shares or 0.04% of their US portfolio. Boltwood Capital Mgmt invested in 0.72% or 5,775 shares. 126,095 are owned by Morgan Stanley. Pinebridge Ltd Partnership reported 9,498 shares. Sumitomo Mitsui Asset Management has 0.01% invested in Affiliated Managers Group, Inc. (NYSE:AMG) for 4,080 shares. 2,100 were accumulated by Paradigm Asset Mngmt Ltd Company. Fuller & Thaler Asset Management Incorporated reported 300 shares. Zweig holds 3,922 shares or 0.09% of its portfolio.

Since March 7, 2018, it had 0 insider purchases, and 1 sale for $5.69 million activity.

The stock of Affiliated Managers Group Inc (NYSE:AMG) registered a decrease of 9.81% in short interest. AMG’s total short interest was 800,700 shares in April as published by FINRA. Its down 9.81% from 887,800 shares, reported previously. With 410,800 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 1.46%.

The stock increased 1.25% or $2.15 during the last trading session, reaching $173.51. About 124,873 shares traded. Affiliated Managers Group, Inc. (NYSE:AMG) has risen 16.50% since April 17, 2017 and is uptrending. It has outperformed by 4.95% 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 $9.46 billion. It provides advisory or subadvisory services to mutual funds. It has a 14.42 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 (NYSE:AMG), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Affiliated Managers has $260 highest and $20600 lowest target. $223.71’s average target is 28.93% above currents $173.51 stock price. Affiliated Managers had 13 analyst reports since December 21, 2017 according to SRatingsIntel. The company was maintained on Friday, April 6 by Deutsche Bank. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) has “Buy” rating given on Tuesday, March 6 by Deutsche Bank. As per Thursday, April 5, the company rating was maintained by Barrington. The firm earned “Buy” rating on Wednesday, January 10 by Jefferies. Deutsche Bank upgraded it to “Buy” rating and $215.0 target in Tuesday, February 13 report. As per Tuesday, April 10, the company rating was downgraded by Keefe Bruyette & Woods. Goldman Sachs downgraded Affiliated Managers Group, Inc. (NYSE:AMG) rating on Tuesday, January 9. Goldman Sachs has “Hold” rating and $216.0 target. As per Wednesday, April 11, the company rating was maintained by Jefferies. The rating was upgraded by Citigroup to “Buy” on Friday, January 19. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) earned “Neutral” rating by Credit Suisse on Wednesday, January 3.

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

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