Affiliated Managers Group Stock Price, News & Analysis (NYSE:AMG)

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Affiliated Managers Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AMG shares.
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3 Wall Street analysts have issued twelve-month price objectives for Affiliated Managers Group's stock. Their AMG share price targets range from $148.00 to $176.00. On average, they predict the company's stock price to reach $164.00 in the next year. This suggests a possible upside of 20.1% from the stock's current price.
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Affiliated Managers Group's stock was trading at $158.43 at the beginning of the year. Since then, AMG shares have decreased by 13.8% and is now trading at $136.58.
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Affiliated Managers Group saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 564,400 shares, a decrease of 10.8% from the October 31st total of 632,500 shares. Based on an average trading volume of 252,500 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.7% of the shares of the stock are sold short.
View Affiliated Managers Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
View our AMG earnings forecast.

Affiliated Managers Group, Inc. (NYSE:AMG) announced its earnings results on Monday, November, 6th. The asset manager reported $4.08 earnings per share for the quarter, beating analysts' consensus estimates of $3.74 by $0.34. The asset manager earned $525.50 million during the quarter, compared to the consensus estimate of $509.44 million. Affiliated Managers Group had a trailing twelve-month return on equity of 17.65% and a net margin of 59.89%. The firm's revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.21 EPS.

Affiliated Managers Group announced a quarterly dividend on Monday, November 6th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.01 per share on Thursday, November 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, November 15th.
Read our dividend analysis for AMG.

Affiliated Managers Group (NYSE:AMG) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.03%. The dividend payout ratio is 0.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMG will have a dividend payout ratio of 0.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMG.

ETFs with the largest weight of Affiliated Managers Group (NYSE:AMG) stock in their portfolio include Gabelli Financial Services Opportunities ETF (GABF), iShares Focused Value Factor ETF (FOVL), First Trust Financial AlphaDEX Fund (FXO), Vident Core U.S. Equity Fund (VUSE) and John Hancock Multifactor Small Cap ETF (JHSC).Dimensional U.S. Small Cap ETF (DFAS).

Affiliated Managers Group issued an update on its fourth quarter earnings guidance on Monday, November, 6th. The company provided earnings per share guidance of $5.43-$5.96 for the period, compared to the consensus estimate of $5.14.

7 employees have rated Affiliated Managers Group Chief Executive Officer Sean M. Healey on Glassdoor.com. Sean M. Healey has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Affiliated Managers Group investors own include NVIDIA (NVDA), Boeing (BA), Micron Technology (MU), QUALCOMM (QCOM), Walt Disney (DIS), Mastercard (ma), Netflix (NFLX), AbbVie (ABBV), Adobe (ADBE) and Advanced Micro Devices (AMD).

Affiliated Managers Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Morgan Stanley (7.32%), Clarkston Capital Partners LLC (6.42%), FMR LLC (4.68%), Ariel Investments LLC (3.51%), Bank of New York Mellon Corp (1.08%) and Charles Schwab Investment Management Inc. (0.99%). Insiders that own company stock include Dwight D Churchill, Jay C Horgen, Jay C Horgen, John R Erickson, Reuben Jeffery III and Tracy P Palandjian.
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Shares of AMG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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