Credit Suisse Sticks to Their Hold Rating for Affiliated Managers

By Ryan Adsit

Credit Suisse analyst Craig Siegenthaler maintained a Hold rating on Affiliated Managers (NYSE: AMG) yesterday and set a price target of $188. The company’s shares closed yesterday at $148.67, close to its 52-week low of $148.64.

According to TipRanks.com, Siegenthaler is a 4-star analyst with an average return of 7.9% and a 64.1% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Raymond James Financial, WisdomTree Investments, and OM Asset Management.

Affiliated Managers has an analyst consensus of Moderate Buy, with a price target consensus of $209.17.

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The company has a one-year high of $217.00 and a one-year low of $148.64. Currently, Affiliated Managers has an average volume of 459.5K.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMG in relation to earlier this year. Earlier this month, Dwight Churchill, a Director at AMG sold 1,981 shares for a total of $329,401.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.