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Stock impact report

Affiliated Managers Group (AMG) Stock Is Up, What You Need To Know [Yahoo! Finance]

Affiliated Managers Group, Inc. (AMG) 
Last affiliated managers group, inc. earnings: 4/27 07:03 am Check Earnings Report
US:NYSE Investor Relations: ir.amg.com
Company Research Source: Yahoo! Finance
Analysts reacted favorably to the company's trajectory. For instance, TD Cowen raised its price target for Affiliated Managers Group to $485, while Jefferies also adjusted its price target upward to $282. This confidence was rooted in the company's solid growth, as its assets under management (AUM) reached $803.6 billion, a 10.3% year-over-year increase. Furthermore, economic earnings per share climbed 15.4%, beating estimates. Adding to the positive signals, the company's management had been aggressively buying back shares. The stock's climb also occurred during a day of broad market strength, with major indexes tracking higher. After the initial pop the shares cooled down to $302.65, up 4.8% from previous close. Is now the time to buy Affiliated Managers Group? Access our full analysis report here Affiliated Managers Group's shares are not very volatile and have only had 4 moves greater than 5% over the last year. In that context, today's move indicates the market considers t Show less Read more
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