Affiliated Managers Group (AMG) Stock Forecast, Price & News

7 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 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AMG shares.
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7 Wall Street analysts have issued twelve-month price objectives for Affiliated Managers Group's stock. Their AMG share price forecasts range from $150.00 to $195.00. On average, they predict the company's share price to reach $180.93 in the next twelve months. This suggests a possible upside of 22.2% from the stock's current price.
View analysts price targets for AMG or view top-rated stocks among Wall Street analysts.

Affiliated Managers Group's stock was trading at $158.43 on January 1st, 2023. Since then, AMG stock has decreased by 6.6% and is now trading at $148.03.
View the best growth stocks for 2023 here.

Affiliated Managers Group saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 673,900 shares, an increase of 5.2% from the April 30th total of 640,700 shares. Based on an average daily volume of 282,300 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.9% of the company's stock are short sold.
View Affiliated Managers Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our AMG earnings forecast.

Affiliated Managers Group, Inc. (NYSE:AMG) released its quarterly earnings data on Monday, May, 1st. The asset manager reported $4.18 earnings per share for the quarter, topping the consensus estimate of $4.15 by $0.03. The asset manager had revenue of $517.40 million for the quarter, compared to analysts' expectations of $539.25 million. Affiliated Managers Group had a net margin of 50.65% and a trailing twelve-month return on equity of 19.63%. The firm's revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.65 earnings per share.

Affiliated Managers Group announced a quarterly dividend on Monday, May 1st. Investors of record on Thursday, May 11th will be paid a dividend of $0.01 per share on Thursday, May 25th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, May 10th.
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), SPDR S&P Capital Markets ETF (KCE), First Trust Financial AlphaDEX Fund (FXO), LeaderShares AlphaFactor US Core Equity ETF (LSAF), Cambria Shareholder Yield ETF (SYLD), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV), Fidelity Blue Chip Value ETF (FBCV) and WisdomTree U.S. Quality Shareholder Yield Fund (QSY).

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 0.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMG will have a dividend payout ratio of 0.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMG.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMG."

Affiliated Managers Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.68%), FMR LLC (4.69%), State Street Corp (3.58%), Southeastern Asset Management Inc. TN (2.56%), Dimensional Fund Advisors LP (2.19%) and Envestnet Asset Management Inc. (2.09%). Insiders that own company stock include Dwight D Churchill, Dwight D Churchill, Jay C Horgen, Jay C Horgen, John R Erickson, Reuben Jeffery III, Tracy A Atkinson 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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One share of AMG stock can currently be purchased for approximately $148.03.

Affiliated Managers Group (NYSE:AMG) has a market capitalization of $5.34 billion and generates $2.33 billion in revenue each year. The asset manager earns $1.15 billion in net income (profit) each year or $26.35 on an earnings per share basis.

The company employs 3,950 workers across the globe.

Affiliated Managers Group's mailing address is 777 South Flagler Drive SUITE 1201 EAST TOWER, West Palm Beach FL, 33401. The official website for the company is www.amg.com. The asset manager can be reached via phone at (800) 345-1100, via email at ir@amg.com, or via fax at 617-747-3380.