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
Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone800-345-1100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.38 billion
Profitability
Miscellaneous
Employees4,450
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 announced a quarterly dividend on Tuesday, February 5th. Investors of record on Thursday, February 14th will be given a dividend of $0.32 per share on Friday, March 1st. This represents a $1.28 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Wednesday, February 13th. This is a positive change 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 announced that its Board of Directors has initiated a stock repurchase program on Tuesday, January 30th 2018, which permits the company to repurchase 3,400,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its stock is undervalued.
How were Affiliated Managers Group's earnings last quarter?
Affiliated Managers Group, Inc. (NYSE:AMG) announced its quarterly earnings data on Monday, February, 4th. The asset manager reported $3.53 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $3.51 by $0.02. The asset manager earned $564.40 million during the quarter, compared to analyst estimates of $568.99 million. Affiliated Managers Group had a net margin of 10.24% and a return on equity of 18.11%. The business's quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $4.68 EPS. View Affiliated Managers Group's Earnings History.
When is Affiliated Managers Group's next earnings date?
What price target have analysts set for AMG?
7 brokers have issued twelve-month 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 share price to reach $132.1243 in the next twelve months. This suggests a possible upside of 25.6% 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 negative on Friday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Affiliated Managers Group earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news articles about the asset manager a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
Who are some of Affiliated Managers Group's key competitors?
Some companies that are related to Affiliated Managers Group include LEG & GEN GRP P/S (LGGNY), Ameriprise Financial (AMP), Franklin Resources (BEN), KKR & Co Inc (KKR), Invesco (IVZ), Oaktree Capital Group LLC Unit (OAK), Apollo Global Management (APO), Morningstar (MORN), Janus Henderson Group (JHG), Lazard (LAZ), Eaton Vance (EV), Evercore (EVR), Federated Investors (FII), Houlihan Lokey (HLI) and MAN GRP PLC/ADR (MNGPY).
What other stocks do shareholders of Affiliated Managers Group own?
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 retail and institutional investors. Top institutional investors 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 institutional 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 institutional investors are buying Affiliated Managers Group stock?
AMG stock was bought 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 $105.21.
How big of a company is Affiliated Managers Group?
Affiliated Managers Group has a market capitalization of $5.48 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?
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.
