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
SymbolNYSE:AMG
CUSIP00825210
Phone800-345-1100
Debt
Debt-to-Equity Ratio0.43
Current Ratio1.33
Quick Ratio1.33
Price-To-Earnings
Trailing P/E Ratio9.92
Forward P/E Ratio9.39
P/E Growth0.73
Sales & Book Value
Annual Sales$2.31 billion
Price / Sales3.37
Cash Flow$16.4514 per share
Price / Cash8.84
Book Value$82.37 per share
Price / Book1.77
Profitability
EPS (Most Recent Fiscal Year)$14.60
Net Income$689.50 million
Net Margins29.59%
Return on Equity19.44%
Return on Assets10.02%
Miscellaneous
Employees4,400
Outstanding Shares53,430,000
Market Cap$7.92 billion
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, July 31st. Shareholders of record on Thursday, August 9th will be paid a dividend of $0.30 per share on Thursday, August 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, August 8th. View Affiliated Managers Group's Dividend History.
How will Affiliated Managers Group's stock buyback program work?
Affiliated Managers Group declared that its Board of Directors has approved 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.
How were Affiliated Managers Group's earnings last quarter?
Affiliated Managers Group, Inc. (NYSE:AMG) issued its earnings results on Monday, July, 30th. The asset manager reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.59 by $0.02. The asset manager had revenue of $600.10 million for the quarter, compared to analysts' expectations of $604.68 million. Affiliated Managers Group had a return on equity of 19.44% and a net margin of 29.59%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.33 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 brokers have issued 12-month price objectives for Affiliated Managers Group's shares. Their forecasts range from $191.00 to $226.00. On average, they anticipate Affiliated Managers Group's share price to reach $206.7143 in the next year. This suggests a possible upside of 42.1% 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.
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 Class A (KKR), Invesco (IVZ), Apollo Global Management LLC Class A (APO), Lazard (LAZ), Oaktree Capital Group (OAK), Eaton Vance (EV), Morningstar (MORN), Janus Henderson Group (JHG), Evercore (EVR), MAN Grp PLC/ADR (MNGPY) and Moelis & Co (MC).
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)
Has Affiliated Managers Group been receiving favorable news coverage?
News stories about AMG stock have been trending somewhat positive on Wednesday, according to Accern. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. 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 daily sentiment score of 0.19 on Accern's scale. They also assigned press coverage about the asset manager an impact score of 45.43 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for Affiliated Managers Group.
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 shareholders include BlackRock Inc. (6.73%), EdgePoint Investment Group Inc. (5.44%), Bank of America Corp DE (2.26%), Sterling Capital Management LLC (1.50%), Jennison Associates LLC (1.36%) and FMR LLC (1.10%). Company insiders that own Affiliated Managers Group stock include Dwight D Churchill, 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 Wells Fargo & Company MN, FMR LLC, Bank of America Corp DE, Jennison Associates LLC, Russell Investments Group Ltd., Janus Henderson Group PLC, Great West Life Assurance Co. Can and Glen Harbor Capital Management LLC. 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 acquired by a variety of institutional investors in the last quarter, including EdgePoint Investment Group Inc., Renaissance Technologies LLC, Canada Pension Plan Investment Board, Schwab Charles Investment Management Inc., American Century Companies Inc., Prana Capital Management LP, Millennium Management LLC and Advisors Asset Management Inc.. 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 $145.43.
How big of a company is Affiliated Managers Group?
Affiliated Managers Group has a market capitalization of $7.92 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 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.
