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Hot Stocks
Affiliated Managers announces investment in Jackson Square Partners » 08:32
11/20/20
11/20
08:32
11/20/20
08:32
AMG

Affiliated Managers

$85.75 /

-0.87 (-1.00%)

Affiliated Managers Group…

Affiliated Managers Group and the management team of Jackson Square Partners have purchased the minority equity interest in Jackson Square held by Macquarie Investment Management. Following the transaction, the partners of Jackson Square will continue to own a significant majority of the equity of the business. Jackson Square is an independent, privately owned investment manager specializing in long-only, growth-oriented equity strategies, with approximately $24B across Large-Cap Growth, Global Growth, SMID-Cap Growth, and Small-Cap Growth discretionary and non-discretionary assets under administration as of September 30, 2020. Committed to concentrated, long-term investing with a focus on intrinsic business value growth, Jackson Square is based in San Francisco and serves a diversified set of institutional clients and consultants globally. The terms of the transaction were not disclosed.

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AMG Affiliated Managers
$85.75 /

-0.87 (-1.00%)

AMG Affiliated Managers
$85.75 /

-0.87 (-1.00%)

11/11/20 Deutsche Bank
Affiliated Managers price target raised to $89 from $78 at Deutsche Bank
10/27/20 Deutsche Bank
Affiliated Managers price target raised to $78 from $74 at Deutsche Bank
10/26/20 Barrington
Affiliated Managers price target raised to $86 from $82 at Barrington
10/05/20 Jefferies
Trian involvement could by catalyst for 'beaten down' managers, says Jefferies
AMG Affiliated Managers
$85.75 /

-0.87 (-1.00%)

Recommendations
Affiliated Managers price target raised to $89 from $78 at Deutsche Bank » 06:59
11/11/20
11/11
06:59
11/11/20
06:59
AMG

Affiliated Managers

$85.50 /

+1.485 (+1.77%)

Deutsche Bank analyst…

Deutsche Bank analyst Brian Bedell raised the firm's price target on Affiliated Managers to $89 from $78 and keeps a Hold rating on the shares. The analyst is taking a "more bullish view" on equity markets and long-term interest rates post the U.S. election results and greater optimism around development of an effective Covid-19 vaccine for 2021.

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AMG Affiliated Managers
$85.50 /

+1.485 (+1.77%)

AMG Affiliated Managers
$85.50 /

+1.485 (+1.77%)

10/27/20 Deutsche Bank
Affiliated Managers price target raised to $78 from $74 at Deutsche Bank
10/26/20 Barrington
Affiliated Managers price target raised to $86 from $82 at Barrington
10/05/20 Jefferies
Trian involvement could by catalyst for 'beaten down' managers, says Jefferies
07/27/20 Barrington
Affiliated Managers price target raised to $82 from $75 at Barrington
AMG Affiliated Managers
$85.50 /

+1.485 (+1.77%)

AMG Affiliated Managers
$85.50 /

+1.485 (+1.77%)

Over a month ago
Recommendations
Affiliated Managers price target raised to $78 from $74 at Deutsche Bank » 06:47
10/27/20
10/27
06:47
10/27/20
06:47
AMG

Affiliated Managers

$78.76 /

-0.64 (-0.81%)

Deutsche Bank analyst…

Deutsche Bank analyst Brian Bedell raised the firm's price target on Affiliated Managers Group to $78 from $74 and keeps a Hold rating on the shares. The company reported "mixed" Q3 results but elevated outflows may begin to ease after Q4, Bedell tells investors in a research note.

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AMG Affiliated Managers
$78.76 /

-0.64 (-0.81%)

AMG Affiliated Managers
$78.76 /

-0.64 (-0.81%)

10/26/20 Barrington
Affiliated Managers price target raised to $86 from $82 at Barrington
10/05/20 Jefferies
Trian involvement could by catalyst for 'beaten down' managers, says Jefferies
07/27/20 Barrington
Affiliated Managers price target raised to $82 from $75 at Barrington
04/27/20 Barrington
Affiliated Managers price target raised to $75 from $70 at Barrington
AMG Affiliated Managers
$78.76 /

-0.64 (-0.81%)

AMG Affiliated Managers
$78.76 /

-0.64 (-0.81%)

Recommendations
Affiliated Managers price target raised to $86 from $82 at Barrington » 15:57
10/26/20
10/26
15:57
10/26/20
15:57
AMG

Affiliated Managers

$78.18 /

-1.22 (-1.54%)

Barrington analyst…

Barrington analyst Alexander Paris raised the firm's price target on Affiliated Managers to $86 from $82 to reflect the better-than-expected third quarter earnings, representing 12% upside from current levels. The analyst reiterates an Outperform rating on the shares as he believes Affiliated Managers' strong capital position, significant free cash flow and financial flexibility, create a meaningful advantage as the company executes on its potential opportunities, while also returning excess cash to shareholders.

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AMG Affiliated Managers
$78.18 /

-1.22 (-1.54%)

AMG Affiliated Managers
$78.18 /

-1.22 (-1.54%)

10/05/20 Jefferies
Trian involvement could by catalyst for 'beaten down' managers, says Jefferies
07/27/20 Barrington
Affiliated Managers price target raised to $82 from $75 at Barrington
04/27/20 Barrington
Affiliated Managers price target raised to $75 from $70 at Barrington
04/06/20 Keefe Bruyette
Affiliated Managers upgraded to Outperform from Market Perform at Keefe Bruyette
AMG Affiliated Managers
$78.18 /

-1.22 (-1.54%)

AMG Affiliated Managers
$78.18 /

-1.22 (-1.54%)

Earnings
Affiliated Managers reports Q3 economic EPS $3.27, consensus $2.84 » 07:05
10/26/20
10/26
07:05
10/26/20
07:05
AMG

Affiliated Managers

$79.40 /

+0.375 (+0.47%)

Jay Horgen, President and…

Jay Horgen, President and CEO of AMG, said: "AMG reported third quarter Adjusted EBITDA of $181 million, representing 12% quarter-over-quarter growth, as strong Affiliate investment returns more than offset challenges in certain quantitative strategies. AMG's Affiliates continue to generate alpha across a broad array of distinctive equity and alternative strategies, and are well-positioned to benefit as clients recognize increasing asset dispersion and engage high-performing, active managers to navigate rapidly changing markets. Independent partner-owned boutiques have historically outperformed in periods of heightened volatility, and clients view the most skilled active managers as key contributors to achieving their long-term objectives, particularly in a low-yield environment. As business activity levels continue to normalize, we have increased our focus on investing for growth and are executing on our opportunity set across both existing Affiliates and new Affiliate prospects operating in areas of strong client demand. AMG's unique investment model enables us to scale our business without the risk or cost of integration. With our three-decade track record as the partner of choice to leading independent firms, our Affiliates' long-term organic growth opportunities, and our commitment to returning excess capital to shareholders, we are confident in our ability to generate strong earnings growth and create long-term shareholder value."

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AMG Affiliated Managers
$79.40 /

+0.375 (+0.47%)

AMG Affiliated Managers
$79.40 /

+0.375 (+0.47%)

10/05/20 Jefferies
Trian involvement could by catalyst for 'beaten down' managers, says Jefferies
07/27/20 Barrington
Affiliated Managers price target raised to $82 from $75 at Barrington
04/27/20 Barrington
Affiliated Managers price target raised to $75 from $70 at Barrington
04/06/20 Keefe Bruyette
Affiliated Managers upgraded to Outperform from Market Perform at Keefe Bruyette
AMG Affiliated Managers
$79.40 /

+0.375 (+0.47%)

AMG Affiliated Managers
$79.40 /

+0.375 (+0.47%)

Recommendations
Trian involvement could by catalyst for 'beaten down' managers, says Jefferies » 07:58
10/05/20
10/05
07:58
10/05/20
07:58
AMG

Affiliated Managers

$69.03 /

+1.57 (+2.33%)

, EV

Eaton Vance

$39.35 /

+0.94 (+2.45%)

, WDR

Waddell & Reed

$15.06 /

+0.505 (+3.47%)

, WETF

WisdomTree

$3.33 /

+0.075 (+2.31%)

, LM

Legg Mason

$50.00 /

+ (+0.00%)

, LAZ

Lazard

$34.33 /

+1.17 (+3.53%)

, BEN

Franklin Resources

$20.52 /

+0.53 (+2.65%)

Jefferies analyst Daniel…

Jefferies analyst Daniel Fannon noted the news that Nelson Peltz's Trian Management has taken stakes in both Invesco (IVZ) and Janus Henderson (JHG) and is pushing for operational improvements and greater scale, pointing out that Trian "has a solid track record of making investments in this industry" with both Legg Mason (LM) and Lazard (LAZ). Given what he sees as negative investor sentiment and relatively high short interest in certain names, Fannon would view the resurgence of M&A and consolidation as a positive catalyst for several "more beaten down names" in addition to Janus and Invesco, calling out WisdomTree (WETF), Waddell & Reed (WDR), Eaton Vance (EV) and Affiliated Managers (AMG) as others that may see some relief from the Trian news.

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WETF WisdomTree
$3.33 /

+0.075 (+2.31%)

WDR Waddell & Reed
$15.06 /

+0.505 (+3.47%)

LM Legg Mason
$50.00 /

+ (+0.00%)

LAZ Lazard
$34.33 /

+1.17 (+3.53%)

EV Eaton Vance
$39.35 /

+0.94 (+2.45%)

BEN Franklin Resources
$20.52 /

+0.53 (+2.65%)

AMG Affiliated Managers
$69.03 /

+1.57 (+2.33%)

AMG Affiliated Managers
$69.03 /

+1.57 (+2.33%)

07/27/20 Barrington
Affiliated Managers price target raised to $82 from $75 at Barrington
04/27/20 Barrington
Affiliated Managers price target raised to $75 from $70 at Barrington
04/06/20 Keefe Bruyette
Affiliated Managers upgraded to Outperform from Market Perform at Keefe Bruyette
EV Eaton Vance
$39.35 /

+0.94 (+2.45%)

10/01/20 Deutsche Bank
Eaton Vance upgraded to Buy on ESG growth potential at Deutsche Bank
09/30/20 Deutsche Bank
Eaton Vance upgraded to Buy from Hold at Deutsche Bank
08/27/20 JPMorgan
JPMorgan upgrades Eaton Vance to Overweight on positive organic growth
08/27/20 Citi
Citi opens '30-Day Positive Catalyst Watch' on Eaton Vance
WDR Waddell & Reed
$15.06 /

+0.505 (+3.47%)

07/29/20 Citi
Waddell & Reed upgraded to Neutral following Q2 report at Citi
07/29/20 Citi
Waddell & Reed upgraded to Neutral from Sell at Citi
11/06/19 Citi
Artisan Partners upgraded to Buy from Neutral at Citi
10/22/19 Evercore ISI
Waddell & Reed downgraded at Evercore ISI after UBS announces new initiative
WETF WisdomTree
$3.33 /

+0.075 (+2.31%)

09/08/20 Northcoast
WisdomTree upgraded to Buy from Neutral at Northcoast
04/14/20 UBS
WisdomTree upgraded to Neutral from Sell at UBS
04/08/20 Morgan Stanley
Victory Capital downgraded to Underweight at Morgan Stanley
02/12/20 Morgan Stanley
WisdomTree upgraded to Overweight on growth inflection at Morgan Stanley
LM Legg Mason
$50.00 /

+ (+0.00%)

02/25/20 Goldman Sachs
Franklin Resources upgraded to Neutral from Sell at Goldman Sachs
02/20/20 RBC Capital
Legg Mason downgraded to Sector Perform from Outperform at RBC Capital
02/19/20 BMO Capital
Franklin Resources upgraded to Market Perform from Underperform at BMO Capital
02/18/20 Keefe Bruyette
Legg Mason downgraded to Market Perform from Outperform at Keefe Bruyette
LAZ Lazard
$34.33 /

+1.17 (+3.53%)

10/02/20 Wolfe Research
Lazard upgraded to Peer Perform from Underperform at Wolfe Research
06/22/20 Credit Suisse
Lazard initiated with a Neutral at Credit Suisse
03/25/20 Wolfe Research
Lazard downgraded to Underperform from Peer Perform at Wolfe Research
01/26/20 Keefe Bruyette
Lazard upgraded to Outperform from Market Perform at Keefe Bruyette
BEN Franklin Resources
$20.52 /

+0.53 (+2.65%)

09/29/20 JPMorgan
Franklin Resources reinstated with a Neutral at JPMorgan
09/03/20
Fly Intel: Top five analyst initiations
09/03/20 Morgan Stanley
Franklin Resources resumed with an Underweight at Morgan Stanley
WETF WisdomTree
$3.33 /

+0.075 (+2.31%)

WDR Waddell & Reed
$15.06 /

+0.505 (+3.47%)

LM Legg Mason
$50.00 /

+ (+0.00%)

LAZ Lazard
$34.33 /

+1.17 (+3.53%)

EV Eaton Vance
$39.35 /

+0.94 (+2.45%)

BEN Franklin Resources
$20.52 /

+0.53 (+2.65%)

AMG Affiliated Managers
$69.03 /

+1.57 (+2.33%)

LAZ Lazard
$34.33 /

+1.17 (+3.53%)

EV Eaton Vance
$39.35 /

+0.94 (+2.45%)

BEN Franklin Resources
$20.52 /

+0.53 (+2.65%)

WETF WisdomTree
$3.33 /

+0.075 (+2.31%)

EV Eaton Vance
$39.35 /

+0.94 (+2.45%)

AMG Affiliated Managers
$69.03 /

+1.57 (+2.33%)

LM Legg Mason
$50.00 /

+ (+0.00%)

Over a quarter ago
Hot Stocks
Affiliated Managers director Patrick Ryan resigns » 07:55
08/03/20
08/03
07:55
08/03/20
07:55
AMG

Affiliated Managers

$68.46 /

+0.06 (+0.09%)

Affiliated Managers Group…

Affiliated Managers Group announced that Patrick Ryan has decided to resign from its Board of Directors, effective immediately. Ryan has served on AMG's Board for 15 years and currently serves as Chairman and CEO of Press Ganey Associates LLC, a high growth healthcare technology and services company which was recently acquired by Leonard Green & Partners and Ares Management.

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AMG Affiliated Managers
$68.46 /

+0.06 (+0.09%)

AMG Affiliated Managers
$68.46 /

+0.06 (+0.09%)

07/27/20 Barrington
Affiliated Managers price target raised to $82 from $75 at Barrington
04/27/20 Barrington
Affiliated Managers price target raised to $75 from $70 at Barrington
04/06/20 Keefe Bruyette
Affiliated Managers upgraded to Outperform from Market Perform at Keefe Bruyette
AMG Affiliated Managers
$68.46 /

+0.06 (+0.09%)

AMG Affiliated Managers
$68.46 /

+0.06 (+0.09%)

Recommendations
Affiliated Managers price target raised to $82 from $75 at Barrington » 15:18
07/27/20
07/27
15:18
07/27/20
15:18
AMG

Affiliated Managers

$71.21 /

+0.855 (+1.22%)

Barrington analyst…

Barrington analyst Alexander Paris raised the firm's price target on Affiliated Managers to $82 from $75 and keeps an Outperform rating on the shares following the company's Q2 report. He views Affiliated's business model as "more resilient than most of its asset management peers," Paris tells investors.

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AMG Affiliated Managers
$71.21 /

+0.855 (+1.22%)

AMG Affiliated Managers
$71.21 /

+0.855 (+1.22%)

04/27/20 Barrington
Affiliated Managers price target raised to $75 from $70 at Barrington
04/06/20 Keefe Bruyette
Affiliated Managers upgraded to Outperform from Market Perform at Keefe Bruyette
07/30/19 BofA
Affiliated Managers downgraded to Underperform from Buy at BofA/Merrill
07/29/19 Barrington
Affiliated Managers price target lowered to $125 from $135 at Barrington
AMG Affiliated Managers
$71.21 /

+0.855 (+1.22%)

AMG Affiliated Managers
$71.21 /

+0.855 (+1.22%)

Earnings
Affiliated Managers reports Q2 revenue $471.1M, consensus $449.9M  07:09
07/27/20
07/27
07:09
07/27/20
07:09
AMG

Affiliated Managers

$70.36 /

-2.025 (-2.80%)

 
ShowHide Related Items >><<
AMG Affiliated Managers
$70.36 /

-2.025 (-2.80%)

AMG Affiliated Managers
$70.36 /

-2.025 (-2.80%)

04/27/20 Barrington
Affiliated Managers price target raised to $75 from $70 at Barrington
04/06/20 Keefe Bruyette
Affiliated Managers upgraded to Outperform from Market Perform at Keefe Bruyette
07/30/19 BofA
Affiliated Managers downgraded to Underperform from Buy at BofA/Merrill
07/29/19 Barrington
Affiliated Managers price target lowered to $125 from $135 at Barrington
AMG Affiliated Managers
$70.36 /

-2.025 (-2.80%)

AMG Affiliated Managers
$70.36 /

-2.025 (-2.80%)

Earnings
Affiliated Managers reports Q2 economic EPS $2.74, consensus $2.71 » 07:08
07/27/20
07/27
07:08
07/27/20
07:08
AMG

Affiliated Managers

$70.36 /

-2.025 (-2.80%)

CEO Jay Horgen said:…

CEO Jay Horgen said: "In a period of significant ongoing uncertainty, AMG reported Economic earnings per share of $2.74 for the second quarter. Net client cash flows were driven by ongoing performance headwinds concentrated in certain quantitative strategies, which offset organic growth across private markets, wealth management, and traditional and alternative fixed income strategies. While considerable market volatility persists, we continue to actively position our business for growth; through the disciplined execution of our strategy, along with the quality and diversity of our Affiliates, we are confident in our ability to create meaningful shareholder value over time. We have enhanced our financial flexibility and expanded our solution set for prospective Affiliates, further augmenting our ability to execute on unique opportunities arising from market dislocation. For three decades, AMG has demonstrated the ability to grow across market cycles, and we remain focused on generating long-term value by investing in leading independent boutique managers, through our proven partnership approach, and allocating resources toward the areas of highest growth and return across our opportunity set."

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AMG Affiliated Managers
$70.36 /

-2.025 (-2.80%)

AMG Affiliated Managers
$70.36 /

-2.025 (-2.80%)

04/27/20 Barrington
Affiliated Managers price target raised to $75 from $70 at Barrington
04/06/20 Keefe Bruyette
Affiliated Managers upgraded to Outperform from Market Perform at Keefe Bruyette
07/30/19 BofA
Affiliated Managers downgraded to Underperform from Buy at BofA/Merrill
07/29/19 Barrington
Affiliated Managers price target lowered to $125 from $135 at Barrington
AMG Affiliated Managers
$70.36 /

-2.025 (-2.80%)

AMG Affiliated Managers
$70.36 /

-2.025 (-2.80%)

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