About Affiliated Managers Group (NYSE:AMG)
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
SymbolNYSE:AMG
CUSIP00825210
Phone800-345-1100
Debt
Debt-to-Equity Ratio0.23%
Current Ratio0.59%
Quick Ratio0.59%
Price-To-Earnings
Trailing P/E Ratio11.57
Forward P/E Ratio9.99
P/E Growth0.73
Sales & Book Value
Annual Sales$2.31 billion
Price / Sales3.99
Cash Flow$16.5161 per share
Price / Cash10.23
Book Value$82.37 per share
Price / Book2.05
Profitability
EPS (Most Recent Fiscal Year)$14.60
Net Income$689.50 million
Net Margins29.92%
Return on Equity18.61%
Return on Assets9.52%
Miscellaneous
Employees4,400
Outstanding Shares54,500,000
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, January 30th. Investors of record on Thursday, February 8th will be given a dividend of $0.30 per share on Friday, February 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, February 7th. This is a boost from Affiliated Managers Group's previous quarterly dividend of $0.20. 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 approved a share repurchase program on Tuesday, January 30th 2018, which authorizes the company to buyback 3,400,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.
How were Affiliated Managers Group's earnings last quarter?
Affiliated Managers Group (NYSE:AMG) announced its earnings results on Monday, January, 29th. The asset manager reported $4.68 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $4.55 by $0.13. The asset manager earned $604.10 million during the quarter, compared to the consensus estimate of $608.51 million. Affiliated Managers Group had a return on equity of 18.61% and a net margin of 29.92%. Affiliated Managers Group's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $3.80 EPS. View Affiliated Managers Group's Earnings History.
When is Affiliated Managers Group's next earnings date?
What guidance has Affiliated Managers Group issued on next quarter's earnings?
Affiliated Managers Group issued an update on its FY18 earnings guidance on Monday, January, 29th. The company provided earnings per share (EPS) guidance of $16.50-18.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $17.39.
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 forecasts range from $206.00 to $260.00. On average, they expect Affiliated Managers Group's stock price to reach $225.4286 in the next year. View Analyst Ratings for Affiliated Managers Group.
Who are some of Affiliated Managers Group's key competitors?
Some companies that are related to Affiliated Managers Group include Legal & General (LGGNY), The Blackstone Group (BX), Ameriprise Financial (AMP), Franklin Templeton Investments (BEN), Invesco (IVZ), KKR & Co. L.P. (KKR), Lazard (LAZ), Eaton Vance (EV), Oaktree Capital Management (OAK), Henderson Group (JHG), Apollo Global Management (APO), Morningstar (MORN), Man Group (MNGPY), Evercore Partners (EVR) and Legg Mason (LM).
Who are Affiliated Managers Group's key executives?
Affiliated Managers Group's management team includes the folowing people:
- Mr. Sean Michael Healey, CEO & Chairman (Age 57)
- Mr. Nathaniel Dalton J.D., Pres & COO (Age 51)
- Mr. Jay C. Horgen, CFO, Treasurer & Principal Accounting Officer (Age 47)
- Mr. David M. Billings J.D., Exec. VP, Gen. Counsel & Sec. (Age 55)
- Mr. Dean A. Maines, Sr. VP & Chief Accounting Officer
Has Affiliated Managers Group been receiving favorable news coverage?
News coverage about AMG stock has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Affiliated Managers Group earned a media sentiment score of 0.15 on Accern's scale. They also assigned press coverage about the asset manager an impact score of 48.40 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
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 $168.96.
How big of a company is Affiliated Managers Group?
Affiliated Managers Group has a market capitalization of $9.34 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.
How can I contact Affiliated Managers Group?
Affiliated Managers Group's mailing address is 777 South Flagler Drive, 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 (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.
Affiliated Managers Group (NYSE:AMG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Affiliated Managers Group in the last 12 months. Their average twelve-month price target is $225.4286, suggesting that the stock has a possible upside of 33.42%. The high price target for AMG is $260.00 and the low price target for AMG is $206.00. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.57 | 2.71 | 2.57 | 2.71 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $225.4286 | $228.4286 | $209.00 | $206.4286 |
| Price Target Upside: | 33.42% upside | 21.22% upside | 1.79% upside | 6.10% upside |
Affiliated Managers Group (NYSE:AMG) Consensus Price Target History
Affiliated Managers Group (NYSE:AMG) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
Affiliated Managers Group (NYSE:AMG) Dividend Information
Affiliated Managers Group pays an annual dividend of $1.20 per share, with a dividend yield of 0.71%. AMG's most recent quarterly dividend payment was Friday, February 23. Affiliated Managers Group pays out 8.22% of its earnings out as a dividend.
| Most Recent Dividend: | 2/23/2018 |
| Annual Dividend: | $1.20 |
| Dividend Yield: | 0.71% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 8.22% (Trailing 12 Months of Earnings)
7.09% (Based on This Year's Estimates)
6.39% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Affiliated Managers Group (NYSE:AMG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/30/2018 | quarterly | $0.30 | 0.59% | 2/7/2018 | 2/8/2018 | 2/23/2018 |
| 10/30/2017 | Quarterly | $0.20 | 0.43% | 11/8/2017 | 11/9/2017 | 11/22/2017 |
| 7/31/2017 | Quarterly | $0.20 | 0.43% | 8/8/2017 | 8/10/2017 | 8/24/2017 |
| 5/2/2017 | quarterly | $0.20 | 0.52% | 5/9/2017 | 5/11/2017 | 5/25/2017 |
| 2/3/2017 | quarterly | $0.20 | | 2/7/2017 | 2/9/2017 | 2/23/2017 |
(Data available from 1/1/2013 forward)
Affiliated Managers Group (NYSE AMG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.40%
Institutional Ownership Percentage: 96.51%
Affiliated Managers Group (NYSE AMG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/8/2018 | Jay C Horgen | CFO | Sell | 30,000 | $189.59 | $5,687,700.00 | 114,039 |  |
| 12/5/2017 | Peter W Macewen | Insider | Sell | 10,000 | $197.67 | $1,976,700.00 | 37,682 | |
| 11/17/2017 | Sean M Healey | CEO | Sell | 69,800 | $185.48 | $12,946,504.00 | 194,943 | |
| 11/9/2017 | Patrick T Ryan | Director | Sell | 7,705 | $185.27 | $1,427,505.35 | 6,797 | |
| 11/3/2017 | Dwight D Churchill | Director | Sell | 2,080 | $184.28 | $383,302.40 | 6,104 | |
| 6/13/2017 | Sean M Healey | CEO | Sell | 56,928 | $161.07 | $9,169,392.96 | 206,689 | |
| 6/5/2017 | Dwight D Churchill | Director | Sell | 3,277 | $163.30 | $535,134.10 | 7,301 | |
| 5/19/2017 | Patrick T Ryan | Director | Sell | 8,902 | $152.89 | $1,361,026.78 | 10,342 | |
| 12/15/2016 | Sean M Healey | CEO | Sell | 62,000 | $154.84 | $9,600,080.00 | 122,292 | |
| 12/12/2016 | Dwight D Churchill | Director | Sell | 3,125 | $160.23 | $500,718.75 | 6,667 | |
| 6/8/2015 | Nathaniel Dalton | COO | Sell | 75,000 | $222.29 | $16,671,750.00 | | |
| 5/4/2015 | William J Nutt | Director | Sell | 5,625 | $227.25 | $1,278,281.25 | | |
| 2/24/2015 | Nathaniel Dalton | COO | Sell | 70,167 | $216.74 | $15,207,995.58 | | |
| 2/23/2015 | Nathaniel Dalton | COO | Sell | 45,875 | $215.72 | $9,896,155.00 | | |
| 9/10/2014 | Patrick T Ryan | Director | Sell | 20,468 | $207.28 | $4,242,607.04 | | |
| 8/22/2014 | Sean M Healey | CEO | Sell | 144,247 | $200.85 | $28,972,009.95 | | |
| 8/4/2014 | Nathaniel Dalton | COO | Sell | 101,089 | $196.40 | $19,853,879.60 | | |
| 5/9/2014 | Jay Horgen | CFO | Sell | 73,389 | $193.73 | $14,217,650.97 | 37,199 | |
| 5/8/2014 | Harold Meyerman | Director | Sell | 6,881 | $196.62 | $1,352,942.22 | 1,800 | |
| 5/8/2014 | John Kingston III | Chairman | Sell | 69,800 | $195.35 | $13,635,430.00 | 15,325 | |
| 9/10/2013 | Andrew Dyson | EVP | Sell | 10,000 | $180.37 | $1,803,700.00 | | |
| 8/7/2013 | William Nutt | Director | Sell | 28,500 | $180.62 | $5,147,670.00 | 130,428 | |
| 8/2/2013 | Nathaniel Dalton | COO | Sell | 50,000 | $185.24 | $9,262,000.00 | | |
| 8/1/2013 | Samuel Byrne | Director | Sell | 5,666 | $183.95 | $1,042,260.70 | 2,112 | |
| 8/1/2013 | Sean Healey | CEO | Sell | 105,000 | $183.78 | $19,296,900.00 | 48,024 | |
| 5/14/2013 | Rita M Rodriguez | Director | Sell | 3,425 | $163.76 | $560,878.00 | | |
(Data available from 1/1/2013 forward)
Affiliated Managers Group (NYSE AMG) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | AMG to Announce First Quarter Results on April 30, 2018
finance.yahoo.com - April 24 at 8:31 AM |
 | Affiliated Managers Group (AMG) Set to Announce Earnings on Monday
www.americanbankingnews.com - April 23 at 2:28 AM |
| Affiliated Managers Group (AMG) Upgraded by ValuEngine to Buy
www.americanbankingnews.com - April 20 at 1:54 PM |
| Affiliated Managers Group (AMG) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - April 19 at 7:36 AM |
| Affiliated Managers Group (AMG) Upgraded to Strong-Buy by BidaskClub
www.americanbankingnews.com - April 18 at 6:54 PM |
| Third Avenue's Marty Whitman Dies at 93
finance.yahoo.com - April 17 at 5:43 PM |
| Affiliated Managers Group (AMG) Downgraded by BidaskClub
www.americanbankingnews.com - April 15 at 12:36 AM |
| Affiliated Managers Group (AMG) Earns Buy Rating from Jefferies Group
www.americanbankingnews.com - April 14 at 2:30 PM |
| Affiliated Managers Group (AMG) Receives "Buy" Rating from Keefe, Bruyette & Woods
www.americanbankingnews.com - April 13 at 9:27 PM |
| Q2 2018 EPS Estimates for Affiliated Managers Group (AMG) Decreased by Jefferies Group
www.americanbankingnews.com - April 13 at 8:51 AM |
 | Keefe, Bruyette & Woods Downgrades Affiliated Managers Group (AMG) to Market Perform
www.streetinsider.com - April 13 at 8:39 AM |
| Traders Purchase Large Volume of Affiliated Managers Group Put Options (AMG)
www.americanbankingnews.com - April 13 at 6:13 AM |
| Affiliated Managers Group (AMG) Upgraded by Zacks Investment Research to "Hold"
www.americanbankingnews.com - April 12 at 12:33 PM |
| Jefferies Group Analysts Lift Earnings Estimates for Affiliated Managers Group (AMG)
www.americanbankingnews.com - April 12 at 7:12 AM |
| Millennial Investors Driven by Short-Term Outlook, According to AMG Funds Survey
finance.yahoo.com - April 11 at 5:15 PM |
| Intrinsic Calculation For Affiliated Managers Group Inc (NYSE:AMG) Shows Investors Are Overpaying
finance.yahoo.com - April 11 at 5:15 PM |
| Affiliated Managers Group (AMG) Receives Buy Rating from Jefferies Group
www.americanbankingnews.com - April 11 at 1:20 PM |
| Keefe, Bruyette & Woods Lowers Affiliated Managers Group (AMG) to Market Perform
www.americanbankingnews.com - April 11 at 8:59 AM |
| Affiliated Managers Group (AMG) Expected to Post Quarterly Sales of $608.01 Million
www.americanbankingnews.com - April 10 at 2:36 AM |
| Q1 2018 EPS Estimates for Affiliated Managers Group Decreased by Analyst (AMG)
www.americanbankingnews.com - April 9 at 1:39 AM |
| $3.88 EPS Expected for Affiliated Managers Group (AMG) This Quarter
www.americanbankingnews.com - April 8 at 7:15 PM |
| Affiliated Managers Group (AMG) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - April 8 at 2:39 PM |
 | Affiliated Managers' Revenues Under Pressure: Time to Sell?
www.msn.com - April 6 at 5:28 PM |
| Affiliated Managers Group (AMG) Given New $215.00 Price Target at Deutsche Bank
www.americanbankingnews.com - April 6 at 2:28 PM |
| Q4 2018 EPS Estimates for Affiliated Managers Group (AMG) Lowered by Analyst
www.americanbankingnews.com - April 6 at 8:13 AM |
| Affiliated Managers Group (AMG) Downgraded to "Hold" at ValuEngine
www.americanbankingnews.com - April 3 at 7:35 PM |
| Affiliated Managers Group (AMG) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - April 3 at 2:58 PM |
| Affiliated Managers Group (AMG) Lowered to "Neutral" at Credit Suisse Group
www.americanbankingnews.com - March 31 at 12:12 AM |
| Affiliated Managers Group (AMG) Downgraded to Neutral at Goldman Sachs
www.americanbankingnews.com - March 30 at 1:46 PM |
| Zacks Investment Research Upgrades Affiliated Managers Group (AMG) to Buy
www.americanbankingnews.com - March 29 at 9:36 PM |
| Affiliated Managers Group, Inc. (AMG) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - March 25 at 9:40 AM |
| Affiliated Managers Group, Inc. (AMG) Expected to Post Quarterly Sales of $608.01 Million
www.americanbankingnews.com - March 24 at 2:58 AM |
| Brokerages Anticipate Affiliated Managers Group, Inc. (AMG) Will Post Earnings of $3.92 Per Share
www.americanbankingnews.com - March 22 at 5:18 PM |
| Critical Analysis: Affiliated Managers Group (AMG) and Eagle Point Credit (ECC)
www.americanbankingnews.com - March 17 at 3:21 PM |
| Zacks Investment Research Lowers Affiliated Managers Group (AMG) to Hold
www.americanbankingnews.com - March 12 at 3:46 PM |
| Jay C. Horgen Sells 30,000 Shares of Affiliated Managers Group, Inc. (AMG) Stock
www.americanbankingnews.com - March 9 at 6:14 PM |
| $608.01 Million in Sales Expected for Affiliated Managers Group, Inc. (AMG) This Quarter
www.americanbankingnews.com - March 7 at 7:44 AM |
| Deutsche Bank Trims Affiliated Managers Group (AMG) Target Price to $213.00
www.americanbankingnews.com - March 6 at 7:00 PM |
| Amundi Pioneer Asset Management Inc. Buys 100,760 Shares of Affiliated Managers Group, Inc. (AMG)
www.americanbankingnews.com - March 6 at 4:24 AM |
| Cortland Advisers LLC Sells 3,524 Shares of Affiliated Managers Group, Inc. (AMG)
www.americanbankingnews.com - March 5 at 2:16 PM |
| Affiliated Managers Group, Inc. (AMG) Expected to Announce Earnings of $3.92 Per Share
www.americanbankingnews.com - March 5 at 1:12 PM |
| American International Group Inc. Raises Stake in Affiliated Managers Group, Inc. (AMG)
www.americanbankingnews.com - March 5 at 4:24 AM |
| First Trust Advisors LP Has $9.46 Million Holdings in Affiliated Managers Group, Inc. (AMG)
www.americanbankingnews.com - March 4 at 9:08 AM |
| 5,198 Shares in Affiliated Managers Group, Inc. (AMG) Acquired by 180 Wealth Advisors LLC
www.americanbankingnews.com - March 4 at 4:14 AM |
| State of Tennessee Treasury Department Increases Position in Affiliated Managers Group, Inc. (AMG)
www.americanbankingnews.com - March 3 at 10:12 AM |
| Channing Capital Management LLC Boosts Stake in Affiliated Managers Group, Inc. (AMG)
www.americanbankingnews.com - March 3 at 5:50 AM |
| Affiliated Managers Group, Inc. (AMG) Shares Bought by Cardinal Capital Management LLC CT
www.americanbankingnews.com - March 3 at 5:13 AM |
| Affiliated Managers Group, Inc. (AMG) Holdings Lifted by Employees Retirement System of Texas
www.americanbankingnews.com - March 2 at 11:23 AM |
| UBS Asset Management Americas Inc. Raises Holdings in Affiliated Managers Group, Inc. (AMG)
www.americanbankingnews.com - March 1 at 6:33 PM |
| Calamos Advisors LLC Increases Stake in Affiliated Managers Group, Inc. (AMG)
www.americanbankingnews.com - March 1 at 5:28 AM |
Affiliated Managers Group (NYSE:AMG) SEC Filings
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Affiliated Managers Group (NYSE:AMG) Income Statement, Balance Sheet and Cash Flow Statement
Affiliated Managers Group (NYSE AMG) Stock Chart for Wednesday, April, 25, 2018
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