Company News for August 02, 2016
Zacks Equity Research - Zacks Investment Research - Tue Aug 02, 9:10AM CDT
Companies in the News are: AMG,L,KERX,AMC
AMG: 141.03 (-3.46), L: 40.17 (-0.35), AMC: 27.83 (-0.63), KERX: 4.30 (-0.42)
SmarTrend Watching for Potential Rebound in Shares of Affiliated Managers After 1.74% Loss
Comtex SmarTrend(R) - Mon Aug 01, 3:01PM CDT
Affiliated Managers (NYSE:AMG) traded in a range yesterday that spanned from a low of $139.45 to a high of $146.46. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $144.39 on volume of 381,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
AMG: 141.03 (-3.46)
Affiliated Managers Falls 1.74% on Heavy Volume: Watch For Potential Rebound
Comtex SmarTrend(R) - Mon Aug 01, 3:00PM CDT
Affiliated Managers (NYSE:AMG) traded in a range yesterday that spanned from a low of $139.45 to a high of $146.46. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $144.39 on volume of 381,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
AMG: 141.03 (-3.46)
Affiliated Managers (AMG) Q2 Earnings Beat on Lower Costs
Zacks Equity Research - Zacks Investment Research - Mon Aug 01, 9:01AM CDT
Affiliated Managers reported second-quarter 2016 economic earnings of $3.06 per share, which outpaced the Zacks Consensus Estimate of $3.01.
AMG: 141.03 (-3.46), BLK: 367.08 (-1.24), IVZ: 28.27 (-0.77), WDR: 18.00 (-0.37)
Affiliated Managers (AMG) Q2 Earnings Beats, Revenue Lags
Zacks Equity Research - Zacks Investment Research - Mon Aug 01, 8:02AM CDT
Lower operating expenses mainly drove the earnings beat at Affiliated Managers.
AMG: 141.03 (-3.46)
AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2016
BusinessWire - Mon Aug 01, 6:38AM CDT
Affiliated Managers Group, Inc. (NYSE: AMG) today reported its financial and operating results for the second quarter and six months ended June 30, 2016.
AMG: 141.03 (-3.46)
Affiliated Managers (AMG) Q2 Earnings: What's in Store?
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 7:11AM CDT
Will Affiliated Managers (AMG) be able to surpass earnings estimates this time? Or will a tough industry backdrop hurt the bottom line? Let's check the factors that are expected to influence Q2 results.
PRU: 73.97 (-0.88), AMG: 141.03 (-3.46), WMC: 9.82 (-0.07), GBDC: 18.78 (-0.22)
Waddell & Reed (WDR) Tops Q2 Earnings, Outflows Increase
Zacks Equity Research - Zacks Investment Research - Wed Jul 27, 6:35AM CDT
Waddell & Reed's better-than-expected results were primarily driven by lower expenses.
BX: 25.95 (-0.52), AMG: 141.03 (-3.46), BLK: 367.08 (-1.24), WDR: 18.00 (-0.37)
Watch for Affiliated Managers to Potentially Pullback After Gaining 1.08% Yesterday
Comtex SmarTrend(R) - Mon Jul 11, 3:14PM CDT
Affiliated Managers (NYSE:AMG) traded in a range yesterday that spanned from a low of $139.67 to a high of $142.74. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $139.13 on volume of 383,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
AMG: 141.03 (-3.46)
Watch for Affiliated Managers to Potentially Rebound After Falling 1.45% Yesterday
Comtex SmarTrend(R) - Wed Jul 06, 3:12PM CDT
Affiliated Managers (NYSE:AMG) traded in a range yesterday that spanned from a low of $131.02 to a high of $133.23. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $133.21 on volume of 329,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
AMG: 141.03 (-3.46)
Affiliated Managers Falls 3.35% on Heavy Volume: Watch For Potential Rebound
Comtex SmarTrend(R) - Thu Jun 09, 3:02PM CDT
Affiliated Managers (NYSE:AMG) traded in a range yesterday that spanned from a low of $164.70 to a high of $169.18. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $169.19 on volume of 258,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
AMG: 141.03 (-3.46)
SmarTrend Watching for Potential Rebound in Shares of Affiliated Managers After 3.35% Loss
Comtex SmarTrend(R) - Thu Jun 09, 3:00PM CDT
Affiliated Managers (NYSE:AMG) traded in a range yesterday that spanned from a low of $164.70 to a high of $169.18. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $169.19 on volume of 258,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
AMG: 141.03 (-3.46)
Affluent Millennials Seek Investment Advice and Insight into Alternatives
BusinessWire - Wed Jun 08, 9:18AM CDT
Approximately 70% of Millennial investors are interested in alternative mutual funds, and wish they knew more about the benefits of alternative investing, according to a recent survey by AMG Funds, the U.S. retail distribution arm of global asset management company Affiliated Managers Group, Inc. (NYSE: AMG). The survey polled approximately 1,000 affluent individual investors with over $250,000 in household investable assets - including over 100 "Millennials" between the ages of 18 and 35 - on their forward expectations regarding equity markets and the macroeconomic environment, as well as their mindset and behaviors around investing.
AMG: 141.03 (-3.46)
AMG Announces Pricing of Public Offering of Common Stock
BusinessWire - Tue Jun 07, 7:51AM CDT
Affiliated Managers Group, Inc. (NYSE:AMG), a global asset management company, announced today the pricing of an underwritten public offering of 2,500,000 shares of its common stock, all of which are expected to be subject to the forward sale agreement described below, for expected gross proceeds of approximately $425 million before underwriting discounts and commissions and estimated offering expenses, assuming that the forward sale is physically settled in full. The underwriters have been granted a 30-day option to purchase up to 375,000 additional shares of common stock, which if exercised would increase such expected gross proceeds to $489 million.
AMG: 141.03 (-3.46)
Affiliated Managers to Buy Minority Stake in 5 Hedge Funds
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 6:46AM CDT
Affiliated Managers is buying minority stakes in five hedge funds for $800 million.
SEIC: 45.31 (-0.06), GS: 156.06 (-2.12), OMAM: 13.47 (-0.24), AMG: 141.03 (-3.46)
AMG Announces Proposed Public Offering of Common Stock
BusinessWire - Mon Jun 06, 4:18PM CDT
Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management company, announced today that it intends to offer, in an underwritten public offering, 2.5 million shares of its common stock, all of which are expected to be subject to the forward sale agreement described below. The underwriters are expected to be granted a 30-day option to purchase up to 375,000 additional shares of common stock.
AMG: 141.03 (-3.46)
AMG Announces Agreement to Invest in Leading Alternative Firms
BusinessWire - Mon Jun 06, 5:58AM CDT
Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management company, announced that it has reached a definitive agreement with Petershill Fund I, a group of investment vehicles managed by Goldman Sachs Asset Management, L.P., to acquire 100% of Petershill Fund I's minority equity interests in five leading alternative investment firms: Winton Capital Group Ltd., Capula Investment Management LLP, Partner Fund Management, L.P., Mount Lucas Management LP, and CapeView Capital LLP.
AMG: 141.03 (-3.46)
Nasdaq (NDAQ) Announces $500 Million Senior Notes Offering
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 8:04AM CDT
Nasdaq Inc. (NDAQ) has priced a new debt offering of $500 million worth 3.850% senior notes. This dollar-denominated offering is due to mature in 2026.
ECC: 16.87 (-0.12), AMG: 141.03 (-3.46), GBL: 33.64 (-1.14), NDAQ: 71.20 (-0.22)