TD Cowen Remains a Buy on Affiliated Managers (AMG)
In a report released today, William Katz from TD Cowen maintained a Buy rating on Affiliated Managers, with a price target of $454.00.
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Katz covers the Financial sector, focusing on stocks such as Affiliated Managers, eToro, and Marex Group plc. According to TipRanks, Katz has an average return of 10.5% and a 60.54% success rate on recommended stocks.
Affiliated Managers has an analyst consensus of Strong Buy, with a price target consensus of $404.80.
Based on Affiliated Managers’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $544.9 million and a net profit of $110.4 million. In comparison, last year the company earned a revenue of $496.6 million and had a net profit of $72.4 million
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMG in relation to earlier this year. Earlier this month, Felix V. Matos Rodriguez, a Director at AMG sold 1,000.00 shares for a total of $300,180.00.
Read More on AMG:
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- Insiders Load Up on These 2 Stocks – Goldman Sachs Thinks Only One Is Worth Buying
- Affiliated Managers Group Signals Strength In Earnings Call
- Affiliated Managers price target raised to $400 from $392 at BofA
- Affiliated Managers price target raised to $400 from $390 at Deutsche Bank
- Affiliated Managers price target lowered to $454 from $463 at TD Cowen
