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NYSE:AMGAffiliated Managers Group Stock Price, Forecast & News

$64.46
-2.21 (-3.31 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$64.11
Now: $64.46
$66.71
50-Day Range
$55.36
MA: $63.78
$70.33
52-Week Range
$44.37
Now: $64.46
$94.07
Volume349,430 shs
Average Volume651,440 shs
Market Capitalization$3.04 billion
P/E Ratio16.32
Dividend Yield0.06%
Beta1.58
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: 2.1Community Rank: 2.9Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.96 out of 5 stars


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$2.24 billion
Cash Flow$18.01 per share
Book Value$71.02 per share

Profitability

Net Income$15.70 million

Miscellaneous

Employees4,000
Market Cap$3.04 billion
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Affiliated Managers Group (NYSE:AMG) Frequently Asked Questions

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

Affiliated Managers Group's stock was trading at $61.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AMG stock has increased by 4.8% and is now trading at $64.46. View which stocks have been most impacted by Coronavirus.

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.

When is Affiliated Managers Group's next earnings date?

Affiliated Managers Group is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Affiliated Managers Group.

How were Affiliated Managers Group's earnings last quarter?

Affiliated Managers Group, Inc. (NYSE:AMG) released its quarterly earnings results on Monday, April, 27th. The asset manager reported $3.16 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $3.08 by $0.08. The asset manager had revenue of $543.10 million for the quarter, compared to the consensus estimate of $496.33 million. Affiliated Managers Group had a net margin of 9.12% and a return on equity of 19.43%. The company's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $3.26 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 Tuesday, April 28th. Shareholders of record on Thursday, May 7th will be given a dividend of $0.01 per share on Thursday, May 21st. This represents a $0.04 dividend on an annualized basis and a yield of 0.06%. The ex-dividend date of this dividend is Wednesday, May 6th. View Affiliated Managers Group's dividend history.

What price target have analysts set for AMG?

6 brokerages have issued 1 year price targets for Affiliated Managers Group's shares. Their forecasts range from $48.00 to $75.00. On average, they anticipate Affiliated Managers Group's share price to reach $64.25 in the next twelve months. This suggests that the stock has a possible downside of 0.3%. View analysts' price targets for Affiliated Managers Group.

Has Affiliated Managers Group been receiving favorable news coverage?

Press coverage about AMG stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Affiliated Managers Group earned a news sentiment score of 2.0 on InfoTrie's scale. They also gave news articles about the asset manager a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutAffiliated Managers Group.

Are investors shorting Affiliated Managers Group?

Affiliated Managers Group saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 2,030,000 shares, a drop of 8.6% from the March 31st total of 2,220,000 shares. Based on an average daily volume of 745,600 shares, the days-to-cover ratio is presently 2.7 days. Currently, 4.3% of the shares of the stock are sold short. 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), Boeing (BA), Gilead Sciences (GILD), Netflix (NFLX), Starbucks (SBUX), Allergan (AGN), Bank of America (BAC), Walt Disney (DIS), Micron Technology (MU) and QUALCOMM (QCOM).

Who are Affiliated Managers Group's key executives?

Affiliated Managers Group's management team includes the following 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)

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 many different institutional and retail investors. Top institutional shareholders include EdgePoint Investment Group Inc. (18.08%), BlackRock Inc. (9.65%), Kiltearn Partners LLP (3.76%), State Street Corp (3.56%), ACR Alpine Capital Research LLC (3.33%) and Southeastern Asset Management Inc. TN (2.97%). 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 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 The Manufacturers Life Insurance Company , Legal & General Group Plc, Deutsche Bank AG, Lyrical Asset Management LP, JPMorgan Chase & Co., Wells Fargo & Company MN, Principal Financial Group Inc., and Parametric Portfolio Associates LLC. Company insiders that have sold Affiliated Managers Group company stock in the last year include Jide James Zeitlin, Nathaniel Dalton, and Patrick T Ryan. View insider buying and selling activity 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 ACR Alpine Capital Research LLC, Oppenheimer Asset Management Inc., EdgePoint Investment Group Inc., Kiltearn Partners LLP, Spyglass Capital Management LLC, APG Asset Management N.V., LGT Capital Partners LTD., and Connor Clark & Lunn Investment Management Ltd.. 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, and Thomas M Wojcik. 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 $64.46.

How big of a company is Affiliated Managers Group?

Affiliated Managers Group has a market capitalization of $3.04 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 5/26/2020 by MarketBeat.com Staff

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