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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Affiliated Managers Group in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AMG shares.
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6 equities research analysts have issued twelve-month price objectives for Affiliated Managers Group's stock. Their AMG share price forecasts range from $163.50 to $192.00. On average, they anticipate the company's stock price to reach $180.08 in the next twelve months. This suggests a possible upside of 37.0% 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 at the start of the year. Since then, AMG shares have decreased by 17.0% and is now trading at $131.43.
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Affiliated Managers Group saw a increase in short interest in September. As of September 15th, there was short interest totaling 679,600 shares, an increase of 7.4% from the August 31st total of 632,500 shares. Based on an average daily volume of 249,100 shares, the short-interest ratio is presently 2.7 days. Currently, 2.0% of the shares of the company are short sold.
View Affiliated Managers Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our AMG earnings forecast.

Affiliated Managers Group, Inc. (NYSE:AMG) announced its earnings results on Wednesday, July, 26th. The asset manager reported $4.45 EPS for the quarter, topping the consensus estimate of $4.23 by $0.22. The asset manager had revenue of $512.50 million for the quarter, compared to analysts' expectations of $540.32 million. Affiliated Managers Group had a net margin of 53.54% and a trailing twelve-month return on equity of 18.93%. Affiliated Managers Group's quarterly revenue was down 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.03 earnings per share.

Affiliated Managers Group announced a quarterly dividend on Wednesday, July 26th. Investors of record on Monday, August 7th will be given a dividend of $0.01 per share on Monday, August 21st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Friday, August 4th.
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 (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 0.20% 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.62%), State Street Corp (3.60%), Ariel Investments LLC (3.04%), Kiltearn Partners LLP (2.25%), Dimensional Fund Advisors LP (2.24%) and Geode Capital Management LLC (1.69%). 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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One share of AMG stock can currently be purchased for approximately $131.43.

Affiliated Managers Group (NYSE:AMG) has a market capitalization of $4.61 billion and generates $2.33 billion in revenue each year. The asset manager earns $1.15 billion in net income (profit) each year or $26.92 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.