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
Current Ratio0.49
Quick Ratio0.42
Price-To-Earnings
Sales & Book Value
Annual Sales$2.31 billion
Price / Sales2.42
Price / Cash Flow6.21
Price / Book1.29
Profitability
Net Income$689.50 million
Net Margins29.38%
Return on Assets9.98%
Miscellaneous
Employees4,400
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. Shareholders of record on Thursday, November 8th will be given a dividend of $0.30 per share on Wednesday, November 21st. This represents a $1.20 annualized dividend and a yield of 1.13%. 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 announced that its Board of Directors has authorized a stock buyback 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 buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's board 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, topping the consensus estimate of $3.42 by $0.03. The asset manager had revenue of $601.30 million for the quarter, compared to the consensus estimate of $604.82 million. Affiliated Managers Group had a net margin of 29.38% and a return on equity of 19.37%. Affiliated Managers Group's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.41 earnings per share. 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 1-year price objectives for Affiliated Managers Group's shares. Their predictions range from $106.00 to $226.00. On average, they expect Affiliated Managers Group's stock price to reach $148.7143 in the next year. This suggests a possible upside of 40.2% 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 3 hold ratings and 4 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?
Media headlines about AMG stock have been trending positive on Thursday, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Affiliated Managers Group earned a news sentiment score of 2.6 on InfoTrie's scale. They also gave news articles about the asset manager a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an impact on the company's share price in the near future.
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), Lazard (LAZ), Morningstar (MORN), Eaton Vance (EV), 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 58)
- Mr. Nathaniel Dalton, Pres, CEO & Director (Age 52)
- Mr. Jay C. Horgen, 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 many different of institutional and retail investors. Top institutional investors include LGT Capital Partners LTD. (0.65%), Retirement Systems of Alabama (0.12%), DNB Asset Management AS (0.11%), State of Alaska Department of Revenue (0.02%), Tealwood Asset Management Inc. (0.02%) and Oakbrook Investments LLC (0.01%). 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 institutional investors are selling Affiliated Managers Group stock?
AMG stock was sold by a variety of institutional investors in the last quarter, including Sit Investment Associates Inc., State of Alaska Department of Revenue, Louisiana State Employees Retirement System, Tealwood Asset Management Inc. and Oakbrook Investments LLC. Company insiders that have sold Affiliated Managers Group company stock in the last year include Dwight D Churchill, Jay C Horgen and Patrick T Ryan. View Insider Buying and Selling for Affiliated Managers Group.
Which institutional investors are buying Affiliated Managers Group stock?
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 $106.06.
How big of a company is Affiliated Managers Group?
Affiliated Managers Group has a market capitalization of $5.48 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.
