Citigroup Reports Affiliated Managers (AMG) Downgrade from “Buy”; Holowesko Partners LTD Decreased Procter And Gamble Co (PG) Stake By $41.36 Million

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

Holowesko Partners Ltd decreased Procter And Gamble Co (PG) stake by 41.4% reported in 2018Q3 SEC filing. Holowesko Partners Ltd sold 498,300 shares as Procter And Gamble Co (PG)’s stock rose 12.93%. The Holowesko Partners Ltd holds 705,300 shares with $58.70M value, down from 1.20 million last quarter. Procter And Gamble Co now has $226.42 billion valuation. The stock decreased 0.97% or $0.89 during the last trading session, reaching $90.88. About 3.50 million shares traded. The Procter & Gamble Company (NYSE:PG) has risen 3.25% since January 14, 2018 and is uptrending. It has outperformed by 3.25% the S&P500. Some Historical PG News: 19/04/2018 – TEVA PHARMACEUTICAL INDUSTRIES LTD – SEPARATION IS NOT EXPECTED TO HAVE A MATERIAL EFFECT (IMPACT) ON TEVA’S 2018 FINANCIAL OUTLOOK; 19/04/2018 – CORRECT: P&G SEES FY CORE EPS GROWTH +6% TO +8%; 10/04/2018 – Procter & Gamble Raises Dividend By 4% To 71.72 Cents — MarketWatch; 19/03/2018 – New Documentary Raises Global Water Crisis Awareness As 844 Million People Still Lack Access to Clean Drinking Water; 18/04/2018 – Balfour Beatty’s 10 Top-Valued Projects Driven by Needs for Energy Services, Infrastructure, an Industrial Info News Alert; 13/03/2018 – P&G – RESOLVED ITS PATENT INFRINGEMENT DISPUTE WITH RANIR, LLC REGARDING RANIR’S TOOTH WHITENING STRIP PRODUCTS IN UNITED STATES AND CANADA; 25/04/2018 – New Cascade Platinum Lets the Diswasher Be a Dish Washer; 18/04/2018 – PACIFIC GREEN TECH. PGTK PG MARINE AGREES TO 7 UNITS W/ UNION; 19/04/2018 – Procter & Gamble Raises FY Guidance for Core EPS Growth From 5%-8% to 6%-8%; 22/03/2018 – CORRECTED-Derek Jeter’s Players’ Tribune expands into Europe

In a analysts note issued to investors and clients on Monday, 14 January, Citigroup stated it was downgrading Affiliated Managers (NYSE:AMG) stock rating from a “Buy” to a “Neutral”.

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 $5.41 billion. It provides advisory or subadvisory services to mutual funds. It has a 8 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.

The stock increased 0.56% or $0.57 during the last trading session, reaching $102.68. About 240,857 shares traded. Affiliated Managers Group, Inc. (NYSE:AMG) has declined 49.31% since January 14, 2018 and is downtrending. It has underperformed by 49.31% the S&P500. Some Historical AMG News: 10/04/2018 – AMG ADVANCED METALLURGICAL GROUP NV AMG.AS – NEGOTIATIONS TO FORM PARTNERSHIP EXPANDING CO’S GLOBAL SPENT-CATALYST PROCESSING CAPACITY; 06/04/2018 – AFFILIATED MANAGERS GROUP INC AMG.N : DEUTSCHE BANK RAISES TARGET PRICE TO $215 FROM $213; 10/04/2018 – AMG, CRITERION TALKS FOR SOLUTION FOR SPENT-CATALYST MGMT; 29/05/2018 – AMG Names Dalton as CEO Replacing Longtime Leader Sean Healey; 19/03/2018 – AMG Managers Pictet International Adds Shinsei Bank; 08/03/2018 – Affiliated Managers Group Enters $385M Credit Facility; 10/04/2018 – AMG ADVANCED METALLURGICAL GROUP NV AMG.AS – HAS ENTERED INTO EXCLUSIVE NEGOTIATIONS WITH CRITERION CATALYST AND TECHNOLOGIES; 06/03/2018 – Mercedes-Benz Extends Its AMG Line With a Four-Door Sports Car; 29/05/2018 – Affiliated Managers Names Nathaniel Dalton CEO; 08/03/2018 – AMG ADVANCED METALLURGICAL GROUP NV AMG.AS – TOTAL 2017 DIVIDEND PROPOSED OF EUR 0.28 PER ORDINARY SHARE

Among 4 analysts covering Affiliated Managers Group (NYSE:AMG), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Affiliated Managers Group has $202 highest and $106 lowest target. $145.33’s average target is 41.54% above currents $102.68 stock price. Affiliated Managers Group had 11 analyst reports since July 16, 2018 according to SRatingsIntel. Citigroup maintained Affiliated Managers Group, Inc. (NYSE:AMG) rating on Tuesday, October 30. Citigroup has “Buy” rating and $140 target. On Wednesday, December 19 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by Barrington Research with “Outperform” on Monday, July 16. Citigroup maintained the shares of AMG in report on Tuesday, July 31 with “Buy” rating. On Tuesday, October 30 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was maintained by Deutsche Bank with “Buy” on Thursday, August 16. Wood upgraded the stock to “Outperform” rating in Tuesday, July 31 report. As per Friday, January 11, the company rating was downgraded by Deutsche Bank. The firm earned “Buy” rating on Thursday, October 11 by Deutsche Bank. On Tuesday, July 31 the stock rating was maintained by Deutsche Bank with “Buy”.

Another recent and important Affiliated Managers Group, Inc. (NYSE:AMG) news was published by Seekingalpha.com which published an article titled: “Centene finishes first, Coty last on S&P 500 for 2018 – Seeking Alpha” on December 31, 2018.

Investors sentiment increased to 0.95 in 2018 Q3. Its up 0.04, from 0.91 in 2018Q2. It improved, as 40 investors sold Affiliated Managers Group, Inc. shares while 148 reduced holdings. 55 funds opened positions while 123 raised stakes. 45.26 million shares or 4.72% less from 47.51 million shares in 2018Q2 were reported. Midas Mngmt Corporation invested in 0.06% or 900 shares. Dupont Mngmt holds 0.02% or 5,540 shares. Bnp Paribas Asset Mngmt Sa invested in 0.03% or 24,595 shares. Scotia Capital accumulated 0.02% or 10,979 shares. Bb&T Corp, North Carolina-based fund reported 9,007 shares. California State Teachers Retirement Sys holds 91,218 shares or 0.02% of its portfolio. Sg Americas Securities Limited Co holds 0.03% or 34,082 shares. Amer Gp reported 27,991 shares. Qs Ltd Co holds 649 shares. 35,047 were accumulated by Stifel Fin Corp. The Korea-based Mirae Asset Global Invs Ltd has invested 0% in Affiliated Managers Group, Inc. (NYSE:AMG). Massachusetts Financial Ser Ma holds 0% or 77,475 shares in its portfolio. Sumitomo Mitsui Tru reported 0.03% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG). Royal London Asset Management Limited accumulated 35,547 shares. First Personal Svcs has invested 0% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG).

Since November 16, 2018, it had 0 buys, and 2 sales for $454,213 activity. Shares for $229,395 were sold by Ryan Patrick T. On Wednesday, November 21 the insider Churchill Dwight D. sold $224,818.

Analysts await Affiliated Managers Group, Inc. (NYSE:AMG) to report earnings on February, 4. They expect $3.76 earnings per share, down 19.66% or $0.92 from last year’s $4.68 per share. AMG’s profit will be $198.07 million for 6.83 P/E if the $3.76 EPS becomes a reality. After $3.45 actual earnings per share reported by Affiliated Managers Group, Inc. for the previous quarter, Wall Street now forecasts 8.99% EPS growth.

Investors sentiment increased to 0.79 in 2018 Q3. Its up 0.01, from 0.78 in 2018Q2. It increased, as 37 investors sold PG shares while 756 reduced holdings. 139 funds opened positions while 490 raised stakes. 1.41 billion shares or 1.36% less from 1.43 billion shares in 2018Q2 were reported. Callahan Advsrs Ltd holds 1.81% or 117,150 shares. Mogy Joel R Counsel Inc has 147,744 shares. Cibc World holds 0.21% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 578,112 shares. Cap Counsel holds 47,786 shares. Korea Corp holds 0.7% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 1.82 million shares. Registered Advisor Incorporated invested in 0.75% or 17,245 shares. Thomasville Bankshares owns 140,563 shares. Moreover, Camelot Portfolios Lc has 0.21% invested in The Procter & Gamble Company (NYSE:PG). Birch Hill Investment owns 318,452 shares for 1.94% of their portfolio. Whittier Trust Of Nevada, a Nevada-based fund reported 113,832 shares. Moreover, Fincl Bank has 0.09% invested in The Procter & Gamble Company (NYSE:PG) for 3,696 shares. Philadelphia Com accumulated 393,044 shares or 2.68% of the stock. Donaldson Mngmt Ltd Liability owns 14,810 shares. Mitchell Mcleod Pugh Williams Inc stated it has 1.04% in The Procter & Gamble Company (NYSE:PG). Veritable LP holds 427,390 shares.

Among 8 analysts covering Procter \u0026 Gamble (NYSE:PG), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Procter \u0026 Gamble had 16 analyst reports since July 19, 2018 according to SRatingsIntel. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 1 report. Morgan Stanley upgraded the stock to “Overweight” rating in Friday, December 14 report. The stock of The Procter & Gamble Company (NYSE:PG) earned “Buy” rating by Bank of America on Thursday, December 13. The stock has “Outperform” rating by Macquarie Research on Monday, October 22. Morgan Stanley maintained it with “Equal-Weight” rating and $91 target in Tuesday, October 23 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, August 1. The firm earned “Neutral” rating on Thursday, October 4 by Bank of America. The stock of The Procter & Gamble Company (NYSE:PG) earned “Buy” rating by Citigroup on Friday, July 20. Bank of America maintained The Procter & Gamble Company (NYSE:PG) rating on Tuesday, January 8. Bank of America has “Buy” rating and $108 target. The firm has “Neutral” rating given on Thursday, July 19 by UBS.

Analysts await The Procter & Gamble Company (NYSE:PG) to report earnings on January, 23 before the open. They expect $1.21 EPS, up 1.68% or $0.02 from last year’s $1.19 per share. PG’s profit will be $3.01B for 18.78 P/E if the $1.21 EPS becomes a reality. After $1.12 actual EPS reported by The Procter & Gamble Company for the previous quarter, Wall Street now forecasts 8.04% EPS growth.

Holowesko Partners Ltd increased Jd Com Inc (NASDAQ:JD) stake by 252,000 shares to 2.36M valued at $61.53M in 2018Q3. It also upped Kraft Heinz Co stake by 172,100 shares and now owns 1.11 million shares. Schlumberger Ltd (NYSE:SLB) was raised too.

Since August 13, 2018, it had 0 buys, and 58 sales for $98.11 million activity. Another trade for 1,074 shares valued at $99,989 was sold by Posada Juan Fernando. Majoras Deborah P sold $926,985 worth of stock. Another trade for 15,923 shares valued at $1.50 million was sold by Tassel Loic. Jejurikar Shailesh also sold $284,810 worth of The Procter & Gamble Company (NYSE:PG) shares. Another trade for 11,931 shares valued at $996,196 was sold by Fish Kathleen B. The insider Magesvaran Suranjan sold $131,509. Shares for $418,112 were sold by FergusonMchugh MaryLynn on Wednesday, August 22.

The Procter & Gamble Company (NYSE:PG) Institutional Positions Chart

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