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

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$99.16 -6.05 (-5.75 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$99.16
Today's Range$98.41 - $104.47
52-Week Range$88.46 - $190.82
Volume1.32 million shs
Average Volume489,669 shs
Market Capitalization$5.16 billion
P/E Ratio6.84
Dividend Yield1.22%
Beta1.49
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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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$16.4172 per share
Book Value$78.50 per share

Profitability

Net Income$243.60 million

Miscellaneous

Employees4,450
Market Cap$5.16 billion
Next Earnings Date4/29/2019 (Estimated)
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 declared a quarterly dividend on Tuesday, February 5th. Shareholders of record on Thursday, February 14th will be paid a dividend of $0.32 per share on Friday, March 1st. This represents a $1.28 annualized dividend and a yield of 1.29%. The ex-dividend date is Wednesday, February 13th. This is an increase from Affiliated Managers Group's previous quarterly dividend of $0.30. 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 approved a stock 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. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

How were Affiliated Managers Group's earnings last quarter?

Affiliated Managers Group, Inc. (NYSE:AMG) issued its quarterly earnings results on Monday, February, 4th. The asset manager reported $3.53 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.02. The asset manager had revenue of $564.40 million for the quarter, compared to the consensus estimate of $568.99 million. Affiliated Managers Group had a return on equity of 18.11% and a net margin of 10.24%. The company's revenue was down 6.6% on a year-over-year basis. During the same period last year, the business posted $4.68 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, April 29th 2019. View Earnings Estimates for Affiliated Managers Group.

What price target have analysts set for AMG?

7 equities research analysts have issued 1 year price targets for Affiliated Managers Group's stock. Their predictions range from $106.00 to $191.00. On average, they expect Affiliated Managers Group's stock price to reach $132.1243 in the next twelve months. This suggests a possible upside of 33.2% from the stock's current price. View Analyst Price Targets for Affiliated Managers Group.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Affiliated Managers Group in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Affiliated Managers Group.

Has Affiliated Managers Group been receiving favorable news coverage?

Media coverage about AMG stock has trended somewhat positive recently, according to InfoTrie Sentiment. 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 publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Affiliated Managers Group earned a media sentiment score of 0.6 on InfoTrie's scale. They also gave news stories about the asset manager a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days.

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), General Electric (GE), Bank of America (BAC), Gilead Sciences (GILD), Allergan (AGN), Broadcom (AVGO), Cisco Systems (CSCO) and Citigroup (C).

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 shareholders include BlackRock Inc. (6.54%), Atlanta Capital Management Co. L L C (2.54%), Ceredex Value Advisors LLC (1.63%), Kiltearn Partners LLP (1.59%), Geode Capital Management LLC (1.38%) and Geode Capital Management LLC (1.38%). Company insiders that own Affiliated Managers Group stock include Dwight D Churchill, Hugh Cutler, Jay C Horgen, Patrick T Ryan, Peter W Macewen, 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 Bank of America Corp DE, Atlanta Capital Management Co. L L C, Amundi Pioneer Asset Management Inc., American Century Companies Inc., 1832 Asset Management L.P., Toronto Dominion Bank, First Trust Advisors LP and Massachusetts Financial Services Co. MA. Company insiders that have sold Affiliated Managers Group company stock in the last year include Dwight D Churchill, Patrick T Ryan 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 Kiltearn Partners LLP, Clarkston Capital Partners LLC, Norges Bank, Two Sigma Investments LP, Ceredex Value Advisors LLC, Two Sigma Advisers LP, Teacher Retirement System of Texas and Raymond James & Associates. 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 $99.16.

How big of a company is Affiliated Managers Group?

Affiliated Managers Group has a market capitalization of $5.16 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.

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:  3.1 out of 5 (star star star)
Outperform Votes:  538 (Vote Outperform)
Underperform Votes:  343 (Vote Underperform)
Total Votes:  881
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 3/23/2019 by MarketBeat.com Staff

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