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Jefferies Remains a Buy on Affiliated Managers (AMG)

Tipranks - Wed Jun 24, 8:36AM CDT

In a report released today, from Jefferies maintained a Buy rating on Affiliated Managers, with a price target of $376.00.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Affiliated Managers with a $400.00 average price target.

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 35 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, Jay Horgen, the President & CEO of AMG sold 17,500.00 shares for a total of $5,919,725.00.

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