Affiliated Managers Group, Inc. (AMG) Reaches $166.56 Formed H&S; Metropolitan Life Insurance Company Has Decreased Its Diamondrock Hospitality Reit (DRH) Holding

May 16, 2018 - By Martha Paddon

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

Metropolitan Life Insurance Company decreased Diamondrock Hospitality Reit (DRH) stake by 50.24% reported in 2017Q4 SEC filing. Metropolitan Life Insurance Company sold 72,683 shares as Diamondrock Hospitality Reit (DRH)’s stock declined 10.64%. The Metropolitan Life Insurance Company holds 71,999 shares with $813,000 value, down from 144,682 last quarter. Diamondrock Hospitality Reit now has $2.34B valuation. The stock decreased 2.02% or $0.24 during the last trading session, reaching $11.65. About 1.73 million shares traded. DiamondRock Hospitality Company (NYSE:DRH) has declined 5.84% since May 16, 2017 and is downtrending. It has underperformed by 17.39% the S&P500.

Affiliated Managers Group, Inc. (AMG) formed H&S with $156.57 target or 6.00% below today’s $166.56 share price. Affiliated Managers Group, Inc. (AMG) has $9.05 billion valuation. The stock increased 0.42% or $0.7 during the last trading session, reaching $166.56. About 345,715 shares traded. Affiliated Managers Group, Inc. (NYSE:AMG) has risen 16.50% since May 16, 2017 and is uptrending. It has outperformed by 4.95% the S&P500.

Among 17 analysts covering Diamondrock Hospitality Company (NYSE:DRH), 6 have Buy rating, 3 Sell and 8 Hold. Therefore 35% are positive. Diamondrock Hospitality Company has $15 highest and $9 lowest target. $11.23’s average target is -3.61% below currents $11.65 stock price. Diamondrock Hospitality Company had 46 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Hold” on Monday, October 23. On Monday, May 7 the stock rating was maintained by Boenning & Scattergood with “Sell”. On Monday, December 4 the stock rating was upgraded by Evercore to “Outperform”. The rating was downgraded by KeyBanc Capital Markets on Monday, October 5 to “Sector Weight”. Boenning & Scattergood maintained the shares of DRH in report on Wednesday, April 19 with “Underperform” rating. Credit Suisse maintained DiamondRock Hospitality Company (NYSE:DRH) rating on Wednesday, March 23. Credit Suisse has “Outperform” rating and $10.50 target. The company was downgraded on Monday, September 26 by Morgan Stanley. The stock has “Neutral” rating by Goldman Sachs on Tuesday, April 11. Raymond James upgraded the stock to “Outperform” rating in Friday, July 14 report. JMP Securities downgraded the shares of DRH in report on Monday, January 11 to “Mkt Perform” rating.

Since March 2, 2018, it had 1 insider buy, and 1 sale for $32,486 activity. $132,286 worth of DiamondRock Hospitality Company (NYSE:DRH) shares were sold by RAY GILBERT T. Brugger Mark W had bought 10,000 shares worth $99,800 on Friday, March 2.

Metropolitan Life Insurance Company increased Six Flags Entertainment Corp (NYSE:SIX) stake by 19,918 shares to 24,990 valued at $1.66 million in 2017Q4. It also upped Ishares Russell Value Etf Trust (IWD) stake by 18,700 shares and now owns 51,500 shares. Interactive Brokers Group Inc Clas (NASDAQ:IBKR) was raised too.

Analysts await DiamondRock Hospitality Company (NYSE:DRH) to report earnings on August, 6. They expect $0.32 earnings per share, 0.00% or $0.00 from last year’s $0.32 per share. DRH’s profit will be $64.19M for 9.10 P/E if the $0.32 EPS becomes a reality. After $0.17 actual earnings per share reported by DiamondRock Hospitality Company for the previous quarter, Wall Street now forecasts 88.24% EPS growth.

More news for DiamondRock Hospitality Company (NYSE:DRH) were recently published by: Seekingalpha.com, which released: “DiamondRock Hospitality’s (DRH) CEO Mark Brugger on Q1 2018 Results – Earnings Call Transcript” on May 04, 2018. Seekingalpha.com‘s article titled: “Plaza Hotel Investors Reach Deal Valuing Luxury Icon at $600M: WSJ” and published on May 09, 2018 is yet another important article.

Investors sentiment decreased to 1.14 in Q4 2017. Its down 0.19, from 1.33 in 2017Q3. It worsened, as 12 investors sold DRH shares while 75 reduced holdings. 24 funds opened positions while 75 raised stakes. 208.87 million shares or 2.18% less from 213.52 million shares in 2017Q3 were reported. Schroder Inv Management Group reported 1.26M shares stake. South Dakota Investment Council holds 43,900 shares or 0.01% of its portfolio. Nuveen Asset Mngmt stated it has 0.08% of its portfolio in DiamondRock Hospitality Company (NYSE:DRH). Deutsche Bancorp Ag holds 1.61M shares or 0.01% of its portfolio. Employees Retirement Systems Of Texas has 0.01% invested in DiamondRock Hospitality Company (NYSE:DRH) for 95,000 shares. Indexiq Advsrs Limited Co has 346,281 shares. Ls Invest Advsrs Ltd Liability Com reported 5,797 shares. Amp Invsts reported 59,813 shares or 0% of all its holdings. Pinebridge Investments LP reported 223,882 shares. Northern Tru has 6.75M shares. Tiaa Cref Investment Management Ltd Liability Com holds 0.01% or 680,398 shares. Morgan Stanley invested 0.01% of its portfolio in DiamondRock Hospitality Company (NYSE:DRH). Pggm Investments has 0.11% invested in DiamondRock Hospitality Company (NYSE:DRH) for 1.81M shares. Arizona State Retirement accumulated 336,658 shares or 0.04% of the stock. Parametric Port Associates Ltd Liability holds 514,545 shares.

Since March 7, 2018, it had 0 insider buys, and 1 sale for $5.69 million activity. Shares for $5.69 million were sold by Horgen Jay C..

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 $199.34M for 11.35 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.

Among 10 analysts covering Affiliated Managers Group (NYSE:AMG), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Affiliated Managers Group has $260 highest and $13 lowest target. $192.18’s average target is 15.38% above currents $166.56 stock price. Affiliated Managers Group had 57 analyst reports since August 9, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Wednesday, February 3. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) earned “Buy” rating by Deutsche Bank on Friday, September 9. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) earned “Neutral” rating by Credit Suisse on Tuesday, May 1. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, April 10. Deutsche Bank maintained the shares of AMG in report on Thursday, June 16 with “Buy” rating. The stock has “Buy” rating by Goldman Sachs on Monday, March 21. The stock has “Buy” rating by Citigroup on Tuesday, May 1. Deutsche Bank maintained Affiliated Managers Group, Inc. (NYSE:AMG) rating on Friday, August 5. Deutsche Bank has “Buy” rating and $183 target. Jefferies maintained the stock with “Buy” rating in Wednesday, April 11 report. The rating was downgraded by Goldman Sachs on Tuesday, January 9 to “Hold”.

Investors sentiment increased to 1.13 in 2017 Q4. 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. State Bank Of Ny Mellon Corporation accumulated 579,976 shares. 1,920 are held by Tower Research Limited Liability (Trc). Cap Fund Management Sa reported 0% in Affiliated Managers Group, Inc. (NYSE:AMG). Prudential Financial Inc invested 0.03% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG). The New York-based Neuberger Berman Gp Llc has invested 0.03% in Affiliated Managers Group, Inc. (NYSE:AMG). Vanguard Gp Incorporated reported 0.05% in Affiliated Managers Group, Inc. (NYSE:AMG). First Financial Bank Of Omaha invested in 50,987 shares. Dimensional Fund Advsrs L P reported 295,279 shares. Pennsylvania Tru Co holds 0.01% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG) for 1,275 shares. Pictet Asset Management Ltd stated it has 0.02% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG). Mastrapasqua Asset Mgmt Inc holds 4,520 shares. Mu Investments owns 160 shares. 1,724 are held by Bb&T Secs Limited Company. Captrust owns 29 shares. The New York-based Cornerstone Cap Management Ltd Liability Company has invested 0.01% in Affiliated Managers Group, Inc. (NYSE:AMG).

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