Bank of America Securities analyst Craig Siegenthaler maintained a Buy rating on Affiliated Managers yesterday. The company’s shares closed yesterday at $366.41.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Siegenthaler is a 5-star analyst with an average return of 12.7% and a 55.60% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Ares Management, Raymond James Financial, and Coinbase Global.
Currently, the analyst consensus on Affiliated Managers is a Strong Buy with an average price target of $400.00.
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 34 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. Last month, Jay Horgen, the President & CEO of AMG sold 17,500.00 shares for a total of $5,919,725.00.
