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

$85.00
+0.74 (+0.88 %)
(As of 11/17/2019 08:24 AM ET)
Today's Range
$84.30
Now: $85.00
$85.94
50-Day Range
$72.13
MA: $79.64
$87.51
52-Week Range
$71.08
Now: $85.00
$115.75
Volume236,041 shs
Average Volume557,325 shs
Market Capitalization$4.19 billion
P/E Ratio5.86
Dividend Yield1.52%
Beta1.64
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. Read More…

Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP00825210
Phone800-345-1100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.38 billion
Cash Flow$17.56 per share
Book Value$73.74 per share

Profitability

Net Income$243.60 million

Miscellaneous

Employees4,450
Market Cap$4.19 billion
Next Earnings Date2/3/2020 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Monday, October 28th. Investors of record on Thursday, November 7th will be paid a dividend of $0.32 per share on Thursday, November 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Wednesday, November 6th. View Affiliated Managers Group's Dividend History.

How will Affiliated Managers Group's stock buyback program work?

Affiliated Managers Group declared that its board has authorized a share repurchase plan 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 plans are usually an indication that the company's leadership believes its shares are undervalued.

How were Affiliated Managers Group's earnings last quarter?

Affiliated Managers Group, Inc. (NYSE:AMG) posted its quarterly earnings data on Monday, October, 28th. The asset manager reported $3.16 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $3.14 by $0.02. The asset manager earned $549 million during the quarter, compared to analysts' expectations of $547.10 million. Affiliated Managers Group had a positive return on equity of 17.83% and a negative net margin of 7.03%. The company's quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.45 EPS. View Affiliated Managers Group's Earnings History.

When is Affiliated Managers Group's next earnings date?

Affiliated Managers Group is scheduled to release their next quarterly earnings announcement on Monday, February 3rd 2020. View Earnings Estimates for Affiliated Managers Group.

What price target have analysts set for AMG?

6 Wall Street analysts have issued 12-month target prices for Affiliated Managers Group's stock. Their forecasts range from $75.00 to $123.00. On average, they expect Affiliated Managers Group's share price to reach $99.31 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price. View Analyst Price Targets for Affiliated Managers Group.

What is the consensus analysts' recommendation for Affiliated Managers Group?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Affiliated Managers Group in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating 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, "Shares of Affiliated Managers have underperformed the industry over the past six months. The company’s earnings have surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The company remains well positioned for growth, based on successful partnerships, diverse product mix, focus on strengthening retail market operations and solid assets under management (AUM) balance. Moreover, its deal to sell stake in BlueMountain is expected to be accretive to earnings. However, the presence of high levels of debt will likely limit the company’s flexibility in terms of procuring additional finance for working capital, capital expenditure, acquisitions and other purposes. Additionally, the presence of substantial intangible assets on its balance sheet remains a major near-term concern and it will likely hamper financials." (10/3/2019)
  • 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?

Headlines about AMG stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Affiliated Managers Group earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Affiliated Managers Group.

Are investors shorting Affiliated Managers Group?

Affiliated Managers Group saw a increase in short interest during the month of October. As of October 15th, there was short interest totalling 2,140,000 shares, an increase of 24.4% from the September 15th total of 1,720,000 shares. Based on an average trading volume of 533,100 shares, the days-to-cover ratio is currently 4.0 days. Currently, 4.3% of the company's stock are short sold. View Affiliated Managers Group's Current Options Chain.

Who are some of Affiliated Managers Group's key competitors?

What other stocks do shareholders of Affiliated Managers Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Affiliated Managers Group investors own include NVIDIA (NVDA), Allergan (AGN), Micron Technology (MU), Celgene (CELG), Netflix (nflx), Alibaba Group (BABA), Bank of America (bac), Biogen (BIIB), Cognizant Technology Solutions (CTSH) and Starbucks (sbux).

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 a number of of institutional and retail investors. Top institutional investors include EdgePoint Investment Group Inc. (15.18%), LGT Capital Partners LTD. (0.93%), Sumitomo Mitsui Trust Holdings Inc. (0.47%), Empire Life Investments Inc. (0.34%), California Public Employees Retirement System (0.26%) and River & Mercantile Asset Management LLP (0.25%). Company insiders that own Affiliated Managers Group stock include Dwight D Churchill, Hugh Cutler, Jay C Horgen, Jide James Zeitlin, Nathaniel Dalton, Patrick T Ryan, Peter W Macewen, Samuel T Byrne, Sean M Healey and Tracy P Palandjian. View Institutional Ownership Trends for Affiliated Managers Group.

Which major investors are selling Affiliated Managers Group stock?

AMG stock was sold by a variety of institutional investors in the last quarter, including Empire Life Investments Inc., State of New Jersey Common Pension Fund D, Calamos Advisors LLC, First Trust Advisors LP, Dupont Capital Management Corp, Teacher Retirement System of Texas, Parsec Financial Management Inc. and New York State Teachers Retirement System. Company insiders that have sold Affiliated Managers Group company stock in the last year include Dwight D Churchill, Jide James Zeitlin, Nathaniel Dalton and Tracy P Palandjian. View Insider Buying and Selling for Affiliated Managers Group.

Which major investors are buying Affiliated Managers Group stock?

AMG stock was purchased by a variety of institutional investors in the last quarter, including EdgePoint Investment Group Inc., LGT Capital Partners LTD., California Public Employees Retirement System, River & Mercantile Asset Management LLP, First National Bank of Omaha, Russell Investments Group Ltd., Fox Run Management L.L.C. and Tower Research Capital LLC TRC . Company insiders that have bought Affiliated Managers Group stock in the last two years include Hugh Cutler, Jay C Horgen and Samuel T Byrne. 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, Robinhood, Fidelity and Charles Schwab.

What is Affiliated Managers Group's stock price today?

One share of AMG stock can currently be purchased for approximately $85.00.

How big of a company is Affiliated Managers Group?

Affiliated Managers Group has a market capitalization of $4.19 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.View Additional Information About Affiliated Managers Group.

What is Affiliated Managers Group's official website?

The official website for Affiliated Managers Group is http://www.amg.com/.

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)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  571 (Vote Outperform)
Underperform Votes:  387 (Vote Underperform)
Total Votes:  958
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.
This page was last updated on 11/17/2019 by MarketBeat.com Staff

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