Goldman Sachs analyst Alexander Blostein reiterated a Buy rating on Affiliated Managers (AMG – Research Report) today. The company’s shares opened today at $157.88.
According to TipRanks, Blostein is a 5-star analyst with an average return of 16.1% and a 71.54% success rate. Blostein covers the Financial sector, focusing on stocks such as Invesco, Franklin Resources, and KKR & Co.
Currently, the analyst consensus on Affiliated Managers is a Strong Buy with an average price target of $199.33.
Based on Affiliated Managers’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $502.7 million and a net profit of $196.1 million. In comparison, last year the company earned a revenue of $539.6 million and had a net profit of $777.9 million
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Affiliated Managers (AMG) Company Description:
Affiliated Managers Group, Inc. is an asset management company with equity investments in a diverse group of growing, boutique investment management firms. The firm provides assistance to investment management firms in strategic matters, marketing, distribution, product development and operations. The company was founded by William J. Nutt in December 1993 and is headquartered in West Palm Beach, FL.
Read More on AMG:
- AMG to Announce First-Quarter Results on May 6, 2024
- Affiliated Managers Group (AMG) Q1 Earnings Cheat Sheet
- Affiliated Managers price target raised to $190 from $175 at Barrington
- Affiliated Managers Group Announces Executive Leadership Changes
- Affiliated Managers appoints Thomas Wojcik as COO, Dava Ritchea as CFO
