Affiliated Managers Group (AMG) Stock Price, News & Analysis

Company Overview

Affiliated Managers Group, Inc., through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds. These funds are distributed to retail, high net worth 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. Affiliated Managers Group, Inc. was formed in 1993 and is based in West Palm Beach, Florida with additional offices in Prides Crossing, Massachusetts; Stamford, Connecticut; London, United Kingdom; Dubai, United Arab Emirates; Sydney, Australia; Hong Kong; Tokyo, Japan, Zurich, Switzerland and Delaware.

Key Stats

• Today's Range: $184.26 to $186.28
• 50-Day Range: $174.97 to $196.21
• 52-Week Range: $135.22 to $199.52
• Volume: 44,541 shs
• Average Volume: 235,569 shs
• Market Capitalization: $5.61 billion
• P/E Ratio: 12.11
• Dividend Yield: 0.02%
• Price Target: $196.50
• Consensus Rating: Moderate Buy

Affiliated Managers Group Stock Analysis - MarketRank™

Affiliated Managers Group scored higher than 82% of companies evaluated by MarketBeat, and ranked 268th out of 945 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Affiliated Managers Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Affiliated Managers Group has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 11.43%

Earnings Growth

Earnings for Affiliated Managers Group are expected to grow by 11.43% in the coming year, from $20.91 to $23.30 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Affiliated Managers Group is 12.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of Affiliated Managers Group is 12.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.13.

Price to Earnings Growth Ratio

Affiliated Managers Group has a PEG Ratio of 0.69. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Affiliated Managers Group has a P/B Ratio of 1.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.71% of the float of Affiliated Managers Group has been sold short.

Short Interest Ratio / Days to Cover

Affiliated Managers Group has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Affiliated Managers Group has recently increased by 10.27%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Affiliated Managers Group has a dividend yield of 0.02%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Affiliated Managers Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Affiliated Managers Group is 0.26%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Affiliated Managers Group will have a dividend payout ratio of 0.17% next year. This indicates that Affiliated Managers Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.6 / 5
• Environmental Score: -0.48

Percentage of Shares Shorted

1.71% of the float of Affiliated Managers Group has been sold short.

Short Interest Ratio / Days to Cover

Affiliated Managers Group has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Affiliated Managers Group has recently increased by 10.27%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.76

News Sentiment

Affiliated Managers Group has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 21 news articles for Affiliated Managers Group this week, compared to 5 articles on an average week.

Search Interest

Only 4 people have searched for AMG on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

MarketBeat Follows

2 people have added Affiliated Managers Group to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Affiliated Managers Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.90% of the stock of Affiliated Managers Group is held by insiders.

Percentage Held by Institutions

95.30% of the stock of Affiliated Managers Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AMG Stock Analysis - Frequently Asked Questions

How have AMG shares performed this year?

Affiliated Managers Group's stock was trading at $151.42 at the beginning of the year. Since then, AMG shares have increased by 22.0% and is now trading at $184.67.
View the best growth stocks for 2024 here.

How were Affiliated Managers Group's earnings last quarter?

Affiliated Managers Group, Inc. (NYSE:AMG) released its quarterly earnings data on Monday, November, 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.84 by $0.02. The company's quarterly revenue was up 1.7% on a year-over-year basis.

Who are Affiliated Managers Group's major shareholders?

Top institutional investors of Affiliated Managers Group include Clarkston Capital Partners LLC (5.96%), State Street Corp (3.40%), Geode Capital Management LLC (1.76%) and Kiltearn Partners LLP (1.56%). Insiders that own company stock include Jay C Horgen, Rizwan M Jamal, Thomas M Wojcik, Reuben Jeffery III, Tracy P Palandjian and John R Erickson.
View institutional ownership trends.

How do I buy shares of Affiliated Managers Group?

Shares of AMG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Affiliated Managers Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Affiliated Managers Group investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 11/04/2024
• Ex-Dividend for 11/29 Dividend: 11/14/2024
• Dividend Payable: 11/29/2024
• Today: 12/03/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/03/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Investment advice
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NYSE:AMG
• CUSIP: 00825210
• CIK: 1004434
• Web: www.amg.com
• Phone: (800) 345-1100
• Fax: 617-747-3380
• Employees: 4,000
• Year Founded: 1993

Price Target and Rating

• Average Stock Price Target: $196.50
• High Stock Price Target: $208.00
• Low Stock Price Target: $177.00
• Potential Upside/Downside: +6.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $15.33
• Trailing P/E Ratio: 12.09
• Forward P/E Ratio: 8.87
• P/E Growth: 0.69
• Net Income: $672.90 million
• Net Margins: 27.02%
• Pretax Margin: 45.73%
• Return on Equity: 16.76%
• Return on Assets: 8.25%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.45
• Quick Ratio: 0.45

Sales & Book Value

• Annual Sales: $2.02 billion
• Price / Sales: 2.78
• Cash Flow: $22.78 per share
• Price / Cash Flow: 8.14
• Book Value: $141.41 per share
• Price / Book: 1.31

Miscellaneous

• Outstanding Shares: 30,225,000
• Free Float: 29,651,000
• Market Cap: $5.60 billion
• Optionable: Optionable
• Beta: 1.18