Will Affiliated Managers Group, Inc. (AMG) Short Squeeze Soon? The Stock Formed a Bearish Wedge Down

May 25, 2018 - By Michael Collier

Affiliated Managers Group, Inc. (NYSE:AMG) Logo

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.22, from 0.91 in 2017Q3. It increased, as 30 investors sold Affiliated Managers Group, Inc. shares while 145 reduced holdings. 62 funds opened positions while 135 raised stakes. 49.42 million shares or 0.29% less from 49.56 million shares in 2017Q3 were reported.
Raymond James & Associates holds 0.02% in Affiliated Managers Group, Inc. (NYSE:AMG) or 58,889 shares. Rafferty Asset Mngmt Ltd Llc holds 0.04% or 12,103 shares. National Bank Of America De reported 1.83M shares or 0.06% of all its holdings. Prudential Public Limited Com has 133,200 shares. Nelson Van Denburg And Campbell Wealth Management Group reported 6 shares or 0% of all its holdings. Stifel Fincl Corp reported 0.04% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG). 3,428 are owned by Kentucky Retirement. Canada Pension Plan Invest Board invested in 9,049 shares or 0% of the stock. Cap One Association reported 1,738 shares. Aperio Grp Incorporated Limited Liability Company stated it has 0.03% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG). United Kingdom-based Aviva Public Ltd Company has invested 0.04% in Affiliated Managers Group, Inc. (NYSE:AMG). Amica Mutual Insurance holds 0.41% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG) for 20,403 shares. 1,081 were reported by Conning. Bank & Trust Of Nova Scotia has 0.01% invested in Affiliated Managers Group, Inc. (NYSE:AMG). Dupont Mgmt has 0.16% invested in Affiliated Managers Group, Inc. (NYSE:AMG) for 34,376 shares.

Since March 7, 2018, it had 0 insider buys, and 1 insider sale for $5.69 million activity.

The stock of Affiliated Managers Group, Inc. (AMG) formed a down wedge with $151.67 target or 7.00 % below today’s $163.09 share price. The 9 months wedge indicates high risk for the $8.86 billion company. If the $151.67 price target is reached, the company will be worth $620.06M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 0.53% or $0.87 during the last trading session, reaching $163.09. About 46,487 shares traded. Affiliated Managers Group, Inc. (NYSE:AMG) has risen 16.50% since May 25, 2017 and is uptrending. It has outperformed by 4.95% the S&P500.

Analysts await Affiliated Managers Group, Inc. (NYSE:AMG) to report earnings on July, 30. They expect $3.67 EPS, up 10.21 % or $0.34 from last year’s $3.33 per share. AMG’s profit will be $199.33 million for 11.11 P/E if the $3.67 EPS becomes a reality. After $3.92 actual EPS reported by Affiliated Managers Group, Inc. for the previous quarter, Wall Street now forecasts -6.38 % negative EPS growth.

Affiliated Managers Group, Inc. (NYSE:AMG) Ratings Coverage

Among 8 analysts covering Affiliated Managers (NYSE:AMG), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Affiliated Managers had 16 analyst reports since December 21, 2017 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Buy” on Friday, April 6. Citigroup maintained the stock with “Buy” rating in Tuesday, May 1 report. Goldman Sachs downgraded the shares of AMG in report on Tuesday, January 9 to “Hold” rating. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) earned “Neutral” rating by Credit Suisse on Wednesday, January 3. Jefferies maintained it with “Buy” rating and $230.0 target in Wednesday, January 10 report. The firm has “Buy” rating given on Monday, April 30 by Barrington. Wood downgraded Affiliated Managers Group, Inc. (NYSE:AMG) on Wednesday, April 11 to “Market Perform” rating. Jefferies maintained it with “Buy” rating and $22600 target in Wednesday, April 11 report. The firm has “Buy” rating given on Tuesday, February 13 by Deutsche Bank. The rating was maintained by Deutsche Bank on Tuesday, March 6 with “Buy”.

More news for Affiliated Managers Group, Inc. (NYSE:AMG) were recently published by: Fool.com, which released: “How Affiliated Managers Group Has Defied Market Turbulence” on May 02, 2018. Bizjournals.com‘s article titled: “Boston wealth manager strikes out on its own, defying trend” and published on April 26, 2018 is yet another important article.

Affiliated Managers Group, Inc., through its affiliates, operates as an asset management firm providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. The company has market cap of $8.86 billion. It provides advisory or subadvisory services to mutual funds. It has a 13.56 P/E ratio. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

Affiliated Managers Group, Inc. (NYSE:AMG) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: