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

$85.65
-0.30 (-0.35 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$85.47
Now: $85.65
$87.20
50-Day Range
$74.35
MA: $79.72
$88.75
52-Week Range
$73.90
Now: $85.65
$147.94
Volume671,650 shs
Average Volume545,438 shs
Market Capitalization$4.34 billion
P/E Ratio5.91
Dividend Yield1.49%
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$17.1643 per share
Book Value$78.50 per share

Profitability

Net Income$243.60 million

Miscellaneous

Employees4,450
Market Cap$4.34 billion
Next Earnings Date11/4/2019 (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 announced a quarterly dividend on Monday, July 29th. Stockholders of record on Thursday, August 8th will be given a dividend of $0.32 per share on Thursday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, August 7th. View Affiliated Managers Group's Dividend History.

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

Affiliated Managers Group announced that its Board of Directors has authorized a stock repurchase program on Tuesday, January 30th 2018, which authorizes the company to buyback 3,400,000 shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

How were Affiliated Managers Group's earnings last quarter?

Affiliated Managers Group, Inc. (NYSE:AMG) issued its quarterly earnings data on Monday, July, 29th. The asset manager reported $3.33 EPS for the quarter, beating the consensus estimate of $3.19 by $0.14. The asset manager had revenue of $591.90 million for the quarter, compared to analyst estimates of $540.89 million. Affiliated Managers Group had a negative net margin of 5.19% and a positive return on equity of 17.68%. The business's quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $3.61 earnings per share. 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, November 4th 2019. View Earnings Estimates for Affiliated Managers Group.

What price target have analysts set for AMG?

6 analysts have issued 1-year price targets for Affiliated Managers Group's shares. Their predictions range from $85.00 to $125.00. On average, they anticipate Affiliated Managers Group's stock price to reach $107.3117 in the next year. This suggests a possible upside of 25.3% 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, "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?

Media stories about AMG stock have been trending negative recently, according to InfoTrie. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Affiliated Managers Group earned a coverage optimism score of -2.9 on InfoTrie's scale. They also gave headlines about the asset manager a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Affiliated Managers Group.

Are investors shorting Affiliated Managers Group?

Affiliated Managers Group saw a increase in short interest in August. As of August 31st, there was short interest totalling 2,169,000 shares, an increase of 27.8% from the July 31st total of 1,697,700 shares. Based on an average trading volume of 517,000 shares, the short-interest ratio is currently 4.2 days. Currently, 4.3% of the shares of the 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), Micron Technology (MU), Alibaba Group (BABA), Allergan (AGN), Twitter (TWTR), Advanced Micro Devices (AMD), Starbucks (sbux), Visa (v), Wells Fargo & Co (wfc) and Baidu (BIDU).

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 retail and institutional investors. Top institutional shareholders include EdgePoint Investment Group Inc. (11.24%), Vanguard Group Inc. (11.15%), BlackRock Inc. (6.80%), BlackRock Inc. (6.80%), Invesco Ltd. (3.42%) and Kiltearn Partners LLP (2.41%). 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 institutional investors are selling Affiliated Managers Group stock?

AMG stock was sold by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Atlanta Capital Management Co. L L C, Renaissance Technologies LLC, Jennison Associates LLC, Jennison Associates LLC, APG Asset Management N.V., Charles Schwab Investment Management Inc. and Bank of America Corp DE. Company insiders that have sold Affiliated Managers Group company stock in the last year include Dwight D Churchill, Jide James Zeitlin, Nathaniel Dalton, 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 Prudential Financial Inc., EdgePoint Investment Group Inc., Clarkston Capital Partners LLC, Kiltearn Partners LLP, Nuveen Asset Management LLC, Janus Henderson Group PLC, Janus Henderson Group PLC and Marshall Wace LLP. 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 $85.65.

How big of a company is Affiliated Managers Group?

Affiliated Managers Group has a market capitalization of $4.34 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:  565 (Vote Outperform)
Underperform Votes:  378 (Vote Underperform)
Total Votes:  943
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 9/21/2019 by MarketBeat.com Staff

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