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NYSE:AMG

Affiliated Managers Group Stock Forecast, Price & News

$91.13
+0.34 (+0.37 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$89.51
Now: $91.13
$92.04
50-Day Range
$74.11
MA: $81.03
$91.40
52-Week Range
$44.37
Now: $91.13
$92.04
Volume206,334 shs
Average Volume509,868 shs
Market Capitalization$4.13 billion
P/E Ratio39.45
Dividend Yield0.04%
Beta1.4
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.9Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.17 out of 5 stars


Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP00825210
Phone800-345-1100
Employees4,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.24 billion
Cash Flow$17.94 per share
Book Value$73.38 per share

Profitability

Net Income$15.70 million

Miscellaneous

Market Cap$4.13 billion
Next Earnings Date2/1/2021 (Estimated)
OptionableOptionable
$91.13
+0.34 (+0.37 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Affiliated Managers Group (NYSE:AMG) Frequently Asked Questions

How has Affiliated Managers Group's stock price been impacted by Coronavirus (COVID-19)?

Affiliated Managers Group's stock was trading at $61.50 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AMG shares have increased by 48.2% and is now trading at $91.13.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Affiliated Managers Group
.

What stocks does MarketBeat like better than Affiliated Managers Group?

Wall Street analysts have given Affiliated Managers Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Affiliated Managers Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Affiliated Managers Group's next earnings date?

Affiliated Managers Group is scheduled to release its next quarterly earnings announcement on Monday, February 1st 2021.
View our earnings forecast for Affiliated Managers Group
.

How were Affiliated Managers Group's earnings last quarter?

Affiliated Managers Group, Inc. (NYSE:AMG) announced its quarterly earnings data on Saturday, October, 31st. The asset manager reported $3.27 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.85 by $0.42. The asset manager had revenue of $494.80 million for the quarter, compared to analyst estimates of $469.16 million. Affiliated Managers Group had a net margin of 5.37% and a return on equity of 19.15%. The business's revenue for the quarter was down 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.16 earnings per share.
View Affiliated Managers Group's earnings history
.

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, October 26th. Stockholders of record on Thursday, November 5th will be given a dividend of $0.01 per share on Friday, November 20th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, November 4th.
View Affiliated Managers Group's dividend history
.

What price target have analysts set for AMG?

6 brokers have issued 12 month price objectives for Affiliated Managers Group's shares. Their forecasts range from $66.50 to $89.00. On average, they anticipate Affiliated Managers Group's stock price to reach $77.08 in the next year. This suggests that the stock has a possible downside of 15.4%.
View analysts' price targets for Affiliated Managers Group
.

Are investors shorting Affiliated Managers Group?

Affiliated Managers Group saw a drop in short interest in October. As of October 15th, there was short interest totaling 1,650,000 shares, a drop of 27.0% from the September 30th total of 2,260,000 shares. Based on an average daily trading volume, of 391,400 shares, the short-interest ratio is currently 4.2 days. Approximately 3.6% of the company's stock are short sold.
View Affiliated Managers Group's Short Interest
.

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), The Boeing (BA), Micron Technology (MU), QUALCOMM (QCOM), The Walt Disney (DIS), Mastercard (ma), Netflix (NFLX), AbbVie (ABBV), Adobe (ADBE) and Advanced Micro Devices (AMD).

Who are Affiliated Managers Group's key executives?

Affiliated Managers Group's management team includes the following people:
  • Mr. Jay C. Horgen, CEO, Pres & Director (Age 49, Pay $2.7M)
  • Mr. Thomas M. Wojcik, Chief Financial Officer (Age 39, Pay $1.17M)
  • Mr. David M. Billings, Gen. Counsel & Sec. (Age 57, Pay $1.53M)
  • Mr. Hugh Peter Bartholomew Cutler, Exec. Officer (Age 47, Pay $1.04M)
  • Mr. Aaron M. Galis, Sr. VP & Chief Accounting Officer
  • Mr. Stephen Pruell, Chief Information Officer & Sr. VP
  • Ms. Alexandra K. Lynn, Chief Admin. Officer
  • Ms. Anjali Aggarwal, VP of Investor Relations
  • Ms. Pam Price, Director of HR
  • Ms. Kavita Padiyar, Sr. VP of HR & Sr. Counsel

What is Affiliated Managers Group's stock symbol?

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

Who are Affiliated Managers Group's major shareholders?

Affiliated Managers Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.49%), Kiltearn Partners LLP (3.77%), State Street Corp (3.32%), ACR Alpine Capital Research LLC (3.10%), Southeastern Asset Management Inc. TN (3.09%) and LGT Capital Partners LTD. (2.94%). 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, Reuben Jeffery III, Samuel T Byrne, Thomas M Wojcik, Tracy A Atkinson 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 BlackRock Inc., Kiltearn Partners LLP, Connor Clark & Lunn Investment Management Ltd., Arrowstreet Capital Limited Partnership, Truist Financial Corp, Blair William & Co. IL, Polar Capital LLP, and Polar Capital LLP.
View insider buying and selling activity for Affiliated Managers Group
.

Which major investors are buying Affiliated Managers Group stock?

AMG stock was acquired by a variety of institutional investors in the last quarter, including Jupiter Asset Management Ltd., LGT Capital Partners LTD., First Trust Advisors LP, Great West Life Assurance Co. Can, Voloridge Investment Management LLC, JPMorgan Chase & Co., Alaska Permanent Fund Corp, and Cubist Systematic Strategies LLC. Company insiders that have bought Affiliated Managers Group stock in the last two years include Dwight D Churchill, Hugh Cutler, Jay C Horgen, Reuben Jeffery III, Samuel T Byrne, Thomas M Wojcik, and Tracy A Atkinson.
View insider buying and selling activity 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 $91.13.

How big of a company is Affiliated Managers Group?

Affiliated Managers Group has a market capitalization of $4.13 billion and generates $2.24 billion in revenue each year. The asset manager earns $15.70 million in net income (profit) each year or $14.22 on an earnings per share basis. Affiliated Managers Group employs 4,000 workers across the globe.

What is Affiliated Managers Group's official website?

The official website for Affiliated Managers Group is 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]

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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