Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. 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 company also offers investment products in various investment styles in the institutional distribution channel, including small, small/mid, mid, and large capitalization value and growth equity, and emerging markets. In addition, it offers quantitative, alternative, and fixed income products, and manages assets for foundations and endowments, defined benefit, and defined contribution plans for corporations and municipalities. Affiliated Managers Group provides investment management or customized investment counseling and fiduciary services. The company was formed as a corporation under the laws of Delaware in 1993. Affiliated Managers Group is based in Prides Crossing, Massachusetts.
Industry, Sector and Symbol
Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone800-345-1100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.38 billion
Profitability
Miscellaneous
Employees4,450
Next Earnings Date7/29/2019 (Estimated)
OptionableOptionable
Affiliated Managers Group (NYSE:AMG) Frequently Asked Questions
What is Affiliated Managers Group's stock symbol?
Affiliated Managers Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMG."
How often does Affiliated Managers Group pay dividends? What is the dividend yield for Affiliated Managers Group?
Affiliated Managers Group announced a quarterly dividend on Tuesday, May 7th. Investors of record on Thursday, May 16th will be given a dividend of $0.32 per share on Thursday, May 30th. This represents a $1.28 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, May 15th. View Affiliated Managers Group's Dividend History.
How will Affiliated Managers Group's stock buyback program work?
Affiliated Managers Group declared that its Board of Directors has initiated a share buyback program on Tuesday, January 30th 2018, which allows the company to repurchase 3,400,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.
How were Affiliated Managers Group's earnings last quarter?
Affiliated Managers Group, Inc. (NYSE:AMG) released its quarterly earnings data on Monday, May, 6th. The asset manager reported $3.26 earnings per share for the quarter, missing the Zacks' consensus estimate of $3.27 by $0.01. The asset manager had revenue of $543.10 million for the quarter, compared to analyst estimates of $541.42 million. Affiliated Managers Group had a negative net margin of 4.77% and a positive return on equity of 17.72%. The business's revenue for the quarter was down 11.3% on a year-over-year basis. During the same period last year, the firm earned $3.92 earnings per share. View Affiliated Managers Group's Earnings History.
When is Affiliated Managers Group's next earnings date?
What price target have analysts set for AMG?
7 brokers have issued 1 year price targets for Affiliated Managers Group's stock. Their predictions range from $103.00 to $191.00. On average, they anticipate Affiliated Managers Group's stock price to reach $131.6957 in the next twelve months. This suggests a possible upside of 48.1% from the stock's current price. View Analyst Price Targets for Affiliated Managers Group.
What is the consensus analysts' recommendation for Affiliated Managers Group?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Affiliated Managers Group in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Affiliated Managers Group.
What are Wall Street analysts saying about Affiliated Managers Group stock?
Here are some recent quotes from research analysts about Affiliated Managers Group stock:
- 1. According to Zacks Investment Research, "Affiliated Managers’ shares have underperformed the industry over the past six months. The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The company's first-quarter 2019 results were hurt by lower revenues and fall in assets under management (AUM). The company remains well positioned for growth, based on successful partnerships, diverse product mix, focus on strengthening retail market operations and solid AUM balance. Moreover, its enhanced capital deployment plan reflects a strong balance sheet position. However, high debt levels will likely limit the company’s flexibility. Moreover, the presence of substantial intangible assets on its balance sheet remains a major concern as it might hurt financials." (5/8/2019)
- 2. Barrington Research analysts commented, "We project that Affiliated Managers Group will report the financial results of its first quarter ended March 31, on or about the market open. Since reporting Q4/18 results on the stock markets in the U.S. (S&P 500 up 4.7%), overseas (DJ in emerging markets (DJ 2.0%) were all up. As a rule of thumb, each 1% up or down adds or takes away $0.14 per share on a full-year basis." (4/30/2019)
Has Affiliated Managers Group been receiving favorable news coverage?
News articles about AMG stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Affiliated Managers Group earned a news impact score of 1.9 on InfoTrie's scale. They also assigned media headlines about the asset manager a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are some of Affiliated Managers Group's key competitors?
Some companies that are related to Affiliated Managers Group include Franklin Resources (BEN), KKR & Co Inc (KKR), Invesco (IVZ), Oaktree Capital Group LLC Unit (OAK), Apollo Global Management (APO), Morningstar (MORN), Lazard (LAZ), Eaton Vance (EV), Janus Henderson Group (JHG), Evercore (EVR), Federated Investors (FII), Houlihan Lokey (HLI), MAN GRP PLC/ADR (MNGPY), Legg Mason (LM) and AllianceBernstein (AB).
What other stocks do shareholders of Affiliated Managers Group own?
Who are Affiliated Managers Group's key executives?
Affiliated Managers Group's management team includes the folowing people:
- Mr. Sean Michael Healey, Exec. Chairman (Age 58)
- Mr. Nathaniel Dalton, CEO & Director (Age 52)
- Mr. Jay C. Horgen, Pres, CFO & Treasurer (Age 48)
- Mr. David M. Billings, Gen. Counsel & Sec. (Age 56)
- Mr. Hugh Peter Bartholomew Cutler, Exec. VP & Head of Global Distribution (Age 46)
Who are Affiliated Managers Group's major shareholders?
Affiliated Managers Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include EdgePoint Investment Group Inc. (9.76%), BlackRock Inc. (6.72%), Renaissance Technologies LLC (2.50%), The Manufacturers Life Insurance Company (2.30%), Geode Capital Management LLC (1.60%) and Clarkston Capital Partners LLC (1.46%). Company insiders that own Affiliated Managers Group stock include Dwight D Churchill, Hugh Cutler, Jay C Horgen, Patrick T Ryan, Peter W Macewen, Sean M Healey and Tracy P Palandjian. View Institutional Ownership Trends for Affiliated Managers Group.
Which institutional investors are selling Affiliated Managers Group stock?
AMG stock was sold by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Jennison Associates LLC, BNP Paribas Arbitrage SA, Goldman Sachs Group Inc., Wells Fargo & Company MN, Charles Schwab Investment Management Inc., Morgan Stanley and State of Wisconsin Investment Board. Company insiders that have sold Affiliated Managers Group company stock in the last year include Dwight D Churchill, Patrick T Ryan and Tracy P Palandjian. View Insider Buying and Selling for Affiliated Managers Group.
Which institutional investors are buying Affiliated Managers Group stock?
AMG stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, EdgePoint Investment Group Inc., Renaissance Technologies LLC, Clarkston Capital Partners LLC, Geode Capital Management LLC, Janus Henderson Group PLC, Parametric Portfolio Associates LLC and Bank of Montreal Can. Company insiders that have bought Affiliated Managers Group stock in the last two years include Hugh Cutler and Jay C Horgen. View Insider Buying and Selling for Affiliated Managers Group.
How do I buy shares of Affiliated Managers Group?
Shares of AMG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Affiliated Managers Group's stock price today?
One share of AMG stock can currently be purchased for approximately $88.92.
How big of a company is Affiliated Managers Group?
Affiliated Managers Group has a market capitalization of $4.55 billion and generates $2.38 billion in revenue each year. The asset manager earns $243.60 million in net income (profit) each year or $14.50 on an earnings per share basis. Affiliated Managers Group employs 4,450 workers across the globe.
What is Affiliated Managers Group's official website?
How can I contact Affiliated Managers Group?
Affiliated Managers Group's mailing address is 777 South Flagler Drive SUITE 1201 EAST TOWER, West Palm Beach FL, 33401. The asset manager can be reached via phone at 800-345-1100 or via email at [email protected]
MarketBeat Community Rating for Affiliated Managers Group (NYSE AMG)
MarketBeat's community ratings are surveys of what our community members think about Affiliated Managers Group and other stocks. Vote "Outperform" if you believe AMG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AMG will underperform the S&P 500 over the long term. You may vote once every thirty days.
