Affiliated Managers Receives a Hold from Credit Suisse

By Ryan Adsit

In a report released yesterday, Craig Siegenthaler from Credit Suisse maintained a Hold rating on Affiliated Managers (NYSE: AMG), with a price target of $215. The company’s shares opened today at $201.75, close to its 52-week high of $207.67.

According to, Siegenthaler is a 5-star analyst with an average return of 10.4% and a 72.3% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Virtus Investment Partners, and Huntington Bancshares Inc.

Currently, the analyst consensus on Affiliated Managers is Moderate Buy and the average price target is $227.75, representing a 12.9% upside.

In a report issued on January 9, Goldman Sachs also downgraded the stock to Hold with a $216 price target.

The company has a one-year high of $207.67 and a one-year low of $139.52. Currently, Affiliated Managers has an average volume of 283.1K.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2017, Jide James Zeitlin, a Director at AMG bought 7,705 shares for a total of $853,774.

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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.