Affiliated Managers Group Stock Forecast, Price & News

Affiliated Managers Group's stock was trading at $61.50 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AMG stock has increased by 82.5% and is now trading at $112.26.
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6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Affiliated Managers Group in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Affiliated Managers Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMG, but not buy additional shares or sell existing shares.
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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.

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, topping 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 the consensus estimate of $469.16 million. Affiliated Managers Group had a return on equity of 19.15% and a net margin of 5.37%. The firm's revenue for the quarter was down 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.16 earnings per share.
View Affiliated Managers Group's earnings history.

Affiliated Managers Group announced a quarterly dividend on Monday, October 26th. Shareholders 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.

Affiliated Managers Group pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.04%. The dividend payout ratio of Affiliated Managers Group is 0.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Affiliated Managers Group will have a dividend payout ratio of 0.29% next year. This indicates that Affiliated Managers Group will be able to sustain or increase its dividend.
View Affiliated Managers Group's dividend history.

6 brokers have issued 1 year target prices for Affiliated Managers Group's shares. Their forecasts range from $66.50 to $120.00. On average, they expect Affiliated Managers Group's stock price to reach $84.08 in the next year. This suggests that the stock has a possible downside of 25.1%.
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Affiliated Managers Group saw a increase in short interest in December. As of December 31st, there was short interest totaling 2,290,000 shares, an increase of 44.0% from the December 15th total of 1,590,000 shares. Based on an average trading volume of 391,000 shares, the short-interest ratio is presently 5.9 days. Currently, 5.1% of the shares of the stock are short sold.
View Affiliated Managers Group's Short Interest.

Some companies that are related to Affiliated Managers Group include BlackRock (BLK), The Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), C3.ai (AI), Invesco (IVZ), SEI Investments (SEIC), Eaton Vance (EV), Ares Capital (ARCC), Cohen & Steers (CNS), Golub Capital BDC (GBDC) and Prospect Capital (PSEC).
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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).

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

Affiliated Managers Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include LGT Capital Partners LTD. (2.25%), Louisiana State Employees Retirement System (0.02%), State of Alaska Department of Revenue (0.02%), Raymond James Trust N.A. (0.02%), Welch & Forbes LLC (0.01%) and Crossmark Global Holdings Inc. (0.01%). 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.

AMG stock was sold by a variety of institutional investors in the last quarter, including LGT Capital Partners LTD., State of Alaska Department of Revenue, Wedge Capital Management L L P NC, Louisiana State Employees Retirement System, Raymond James Trust N.A., Welch & Forbes LLC, and Crossmark Global Holdings Inc..
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AMG stock was acquired by a variety of institutional investors in the last quarter, including Procyon Private Wealth Partners LLC, and Sowell Financial Services 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.
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Shares of AMG 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.

One share of AMG stock can currently be purchased for approximately $112.26.

Affiliated Managers Group has a market capitalization of $5.09 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.

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

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]