Affiliated Managers Receives a Buy from Jefferies

By Carrie Williams

Jefferies analyst Daniel Fannon reiterated a Buy rating on Affiliated Managers (NYSE: AMG) today and set a price target of $226. The company’s shares opened today at $172.74.

According to, Fannon is a top 100 analyst with an average return of 16.2% and a 76.9% success rate. Fannon covers the Financial sector, focusing on stocks such as Virtus Investment Partners, Intercontinental Exchange, and Janus Henderson Group plc.

Currently, the analyst consensus on Affiliated Managers is Moderate Buy and the average price target is $224, representing a 29.7% upside.

In a report issued on April 5, Barrington also reiterated a Buy rating on the stock with a $220 price target.

Based on Affiliated Managers’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $619 million and quarterly net profit of $315 million. In comparison, last year the company earned revenue of $558 million and had a net profit of $123 million.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Samuel Byrne, a Director at AMG bought 1,981 shares for a total of $197,426.

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Affiliated Managers Group, Inc. is an asset management company with equity investments in a diverse group of growing, boutique investment management firms. The company provides assistance to investment management firms in strategic matters, marketing, distribution, product development and operations.