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
Stock Exchange NYSE
Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNYSE:AMG
Previous Symbol
CUSIP00825210
Phone800-345-1100
Debt
Debt-to-Equity Ratio0.07
Current Ratio0.49
Quick Ratio0.42
Price-To-Earnings
Trailing P/E Ratio6.57
Forward P/E Ratio6.50
P/E Growth0.69
Sales & Book Value
Annual Sales$2.31 billion
Price / Sales2.19
Cash Flow$15.7714 per share
Price / Cash Flow6.08
Book Value$82.37 per share
Price / Book1.16
Profitability
EPS (Most Recent Fiscal Year)$14.60
Net Income$689.50 million
Net Margins29.38%
Return on Equity19.37%
Return on Assets9.98%
Miscellaneous
Employees4,400
Outstanding Shares52,670,000
Market Cap$5.37 billion
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, October 30th. Investors of record on Thursday, November 8th will be paid a dividend of $0.30 per share on Wednesday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, November 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 share repurchase program on Tuesday, January 30th 2018, which allows the company to buyback 3,400,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its shares are undervalued.
How were Affiliated Managers Group's earnings last quarter?
Affiliated Managers Group, Inc. (NYSE:AMG) announced its quarterly earnings data on Monday, October, 29th. The asset manager reported $3.45 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $3.42 by $0.03. The asset manager earned $601.30 million during the quarter, compared to analysts' expectations of $604.82 million. Affiliated Managers Group had a return on equity of 19.37% and a net margin of 29.38%. Affiliated Managers Group's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.41 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?
8 Wall Street analysts have issued 1-year price targets for Affiliated Managers Group's shares. Their forecasts range from $130.00 to $226.00. On average, they anticipate Affiliated Managers Group's stock price to reach $177.8750 in the next year. This suggests a possible upside of 83.8% from the stock's current price. View Analyst Price Targets for Affiliated Managers Group.
What is the consensus analysts' recommendation for Affiliated Managers Group?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Affiliated Managers Group in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Affiliated Managers Group.
Has Affiliated Managers Group been receiving favorable news coverage?
News coverage about AMG stock has trended somewhat positive this week, according to InfoTrie. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Affiliated Managers Group earned a daily sentiment score of 1.8 on InfoTrie's scale. They also assigned news headlines about the asset manager a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an effect on the stock's share price in the immediate future.
Who are some of Affiliated Managers Group's key competitors?
Some companies that are related to Affiliated Managers Group include Blackstone Group (BX), LEG & GEN GRP P/S (LGGNY), Franklin Resources (BEN), Ameriprise Financial (AMP), KKR & Co Inc (KKR), Invesco (IVZ), Oaktree Capital Group (OAK), Apollo Global Management (APO), Morningstar (MORN), Lazard (LAZ), Eaton Vance (EV), Janus Henderson Group (JHG), Evercore (EVR), MAN GRP PLC/ADR (MNGPY) and Houlihan Lokey (HLI).
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 57)
- Mr. Nathaniel Dalton, Pres, CEO & Director (Age 51)
- Mr. Jay C. Horgen, CFO & Treasurer (Age 47)
- Mr. David M. Billings, Gen. Counsel & Sec. (Age 55)
- Mr. Hugh Peter Bartholomew Cutler, Exec. VP & Head of Global Distribution (Age 45)
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 investors include Vanguard Group Inc (10.56%), BlackRock Inc. (6.52%), Atlanta Capital Management Co. L L C (3.49%), Lyrical Asset Management LP (2.42%), Schroder Investment Management Group (1.82%) and The Manufacturers Life Insurance Company (1.48%). Company insiders that own Affiliated Managers Group stock include Dwight D Churchill, Hugh Cutler, Jay C Horgen, Patrick T Ryan, Peter W Macewen and Sean M Healey. 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 The Manufacturers Life Insurance Company, American Century Companies Inc., Victory Capital Management Inc., FMR LLC, Canada Pension Plan Investment Board, Janus Henderson Group PLC, JPMorgan Chase & Co. and JPMorgan Chase & Co.. Company insiders that have sold Affiliated Managers Group company stock in the last year include Dwight D Churchill, Jay C Horgen and Patrick T Ryan. View Insider Buying and Selling for Affiliated Managers Group.
Which institutional investors are buying Affiliated Managers Group stock?
AMG stock was acquired by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Sirios Capital Management L P, Credit Suisse AG, LGT Capital Partners LTD., First Trust Advisors LP, Schroder Investment Management Group, Toronto Dominion Bank and Monarch Partners Asset Management LLC. 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 $96.7501.
How big of a company is Affiliated Managers Group?
Affiliated Managers Group has a market capitalization of $5.37 billion and generates $2.31 billion in revenue each year. The asset manager earns $689.50 million in net income (profit) each year or $14.60 on an earnings per share basis. Affiliated Managers Group employs 4,400 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.
