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 Ratio7.76
Forward P/E Ratio7.66
P/E Growth0.61
Sales & Book Value
Annual Sales$2.31 billion
Price / Sales2.59
Cash Flow$17.0980 per share
Price / Cash6.63
Book Value$82.04 per share
Price / Book1.38
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$5.85 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 declared a quarterly dividend on Tuesday, October 30th. Stockholders 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 dividend yield of 1.06%. 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 declared that its board has initiated a stock repurchase plan on Tuesday, January 30th 2018, which permits the company to buyback 3,400,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often 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) posted its earnings results on Monday, October, 29th. The asset manager reported $3.45 earnings per share for the quarter, beating analysts' consensus estimates of $3.42 by $0.03. The asset manager earned $601.30 million during the quarter, compared to analyst estimates of $604.82 million. Affiliated Managers Group had a net margin of 29.38% and a return on equity of 19.37%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.41 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 Wall Street analysts have issued 12 month target prices for Affiliated Managers Group's shares. Their predictions range from $140.00 to $226.00. On average, they expect Affiliated Managers Group's stock price to reach $184.7143 in the next year. This suggests a possible upside of 62.9% 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 2 hold ratings and 5 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 stories about AMG stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by analyzing 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 nearest to five being the most favorable. Affiliated Managers Group earned a news impact score of 1.2 on InfoTrie's scale. They also gave media coverage about the asset manager a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the stock's share price in the next several days.
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), Ameriprise Financial (AMP), Franklin Resources (BEN), KKR & Co Inc (KKR), Invesco (IVZ), Oaktree Capital Group (OAK), Apollo Global Management (APO), Morningstar (MORN), Eaton Vance (EV), Lazard (LAZ), Janus Henderson Group (JHG), Evercore (EVR), MAN Grp PLC/ADR (MNGPY) and AllianceBernstein (AB).
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 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%), The Manufacturers Life Insurance Company (1.48%) and Sterling Capital Management LLC (1.45%). 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 major 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, Patrick T Ryan, Peter W Macewen and Sean M Healey. 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 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 $113.36.
How big of a company is Affiliated Managers Group?
Affiliated Managers Group has a market capitalization of $5.85 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.
