AMG - Affiliated Managers Group Inc Stock Price, Fair Value and News

156.78USD+1.22 (+0.78%)Market Closed

Market Summary

USD156.78+1.22

Market Closed

0.78%

AMG Stock Price

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AMG RSI Chart

AMG Valuation

Market Cap

5.0B

Price/Earnings (Trailing)

7.26

Price/Sales (Trailing)

2.45

EV/EBITDA

5.45

Price/Free Cashflow

5.97

AMG Price/Sales (Trailing)

AMG Profitability

EBT Margin

54.51%

Return on Equity

15.22%

Return on Assets

7.63%

Free Cashflow Yield

16.76%

AMG Fundamentals

AMG Revenue

Revenue (TTM)

2.0B

Rev. Growth (Yr)

-3.38%

Rev. Growth (Qtr)

-0.55%

AMG Earnings

Earnings (TTM)

688.2M

Earnings Growth (Yr)

11.38%

Earnings Growth (Qtr)

-23.61%

Breaking Down AMG Revenue

Last 7 days

-0.3%

Last 30 days

-6.2%

Last 90 days

0.9%

Trailing 12 Months

9.6%

How does AMG drawdown profile look like?

AMG Financial Health

Current Ratio

1.97

Debt/Equity

0.56

Debt/Cashflow

0.34

AMG Investor Care

Dividend Yield

0.03%

Dividend/Share (TTM)

0.04

Buy Backs (1Y)

11.74%

Diluted EPS (TTM)

18.05

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	2.0B	0	0	0
2023	2.2B	2.1B	2.1B	2.1B
2022	2.5B	2.5B	2.5B	2.3B
2021	2.1B	2.2B	2.3B	2.4B
2020	2.2B	2.1B	2.0B	2.0B
2019	2.3B	2.3B	2.2B	2.2B
2018	2.4B	2.4B	2.4B	2.4B
2017	2.2B	2.2B	2.3B	2.3B
2016	2.4B	2.3B	2.2B	2.2B
2015	2.6B	2.6B	2.5B	2.5B
2014	2.3B	2.4B	2.5B	2.5B
2013	1.9B	2.0B	2.1B	2.2B
2012	1.7B	1.7B	1.7B	1.8B
2011	1.5B	1.7B	1.7B	1.7B
2010	914.3M	1.0B	1.2B	1.4B
2009	0	1.1B	947.3M	841.8M
2008	0	0	0	1.2B

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Tracking the Latest Insider Buys and Sells of Affiliated Managers Group Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 28, 2024	churchill dwight d.	acquired	787,199	86.6482	9,085	-
Mar 28, 2024	churchill dwight d.	sold (taxes)	-787,444	167	-4,702	-
Mar 05, 2024	atkinson tracy a	acquired	-	-	544	-
Mar 05, 2024	ryan david christopher	acquired	-	-	317	-
Mar 05, 2024	wojcik thomas m	acquired	-	-	5,678	chief financial officer
Mar 05, 2024	jamal rizwan m	acquired	-	-	13,244	head of affiliate investments
Mar 05, 2024	palandjian tracy p.	acquired	-	-	555	-
Mar 05, 2024	wojcik thomas m	acquired	-	-	13,406	chief financial officer
Mar 05, 2024	wojcik thomas m	sold (taxes)	-1,550,600	158	-9,778	chief financial officer
Mar 05, 2024	jamal rizwan m	acquired	-	-	6,687	head of affiliate investments

Which funds bought or sold AMG recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	Illinois Municipal Retirement Fund	unchanged	-	209,000	2,185,000	0.03%
May 07, 2024	PANAGORA ASSET MANAGEMENT INC	new	-	200,629	200,629	-%
May 07, 2024	BRUNI J V & CO /CO	reduced	-1.12	4,425,760	51,709,400	6.14%
May 07, 2024	NEW YORK STATE COMMON RETIREMENT FUND	added	6.39	4,318,000	28,753,000	0.04%
May 07, 2024	Smithfield Trust Co	reduced	-5.75	2,000	68,000	-%
May 07, 2024	Arizona State Retirement System	reduced	-5.17	72,351	1,555,960	0.01%
May 07, 2024	RIVER GLOBAL INVESTORS LLP	reduced	-64.87	-869,431	551,129	0.14%
May 07, 2024	M&T Bank Corp	reduced	-12.13	-9,329	321,384	-%
May 07, 2024	SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC	new	-	4,094,470	4,094,470	0.19%
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	14.33	434,558	2,077,460	-%

Are Funds Buying or Selling AMG?

Are funds buying AMG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own AMG

No. of Funds

Unveiling Affiliated Managers Group Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	edgepoint investment group inc.	0.0%	0	SC 13G/A
Feb 13, 2024	vanguard group inc	10.85%	3,667,579	SC 13G/A
Feb 12, 2024	clarkston capital partners, llc	6.59%	2,229,049	SC 13G/A
Feb 12, 2024	morgan stanley	7.0%	2,358,971	SC 13G/A
Jan 24, 2024	blackrock inc.	9.8%	3,309,304	SC 13G/A
Dec 06, 2023	blackrock inc.	10.1%	3,397,917	SC 13G/A
Feb 14, 2023	clarkston capital partners, llc	5.94%	2,237,093	SC 13G
Feb 09, 2023	vanguard group inc	10.29%	3,874,869	SC 13G/A
Feb 08, 2023	morgan stanley	7.2%	2,703,663	SC 13G/A
Jan 24, 2023	blackrock inc.	9.3%	3,504,965	SC 13G/A

Recent SEC filings of Affiliated Managers Group Inc

View All Filings

Date Filed	Form Type	Document
May 07, 2024	10-Q	Quarterly Report
May 06, 2024	8-K	Current Report
Apr 12, 2024	ARS	ARS
Apr 12, 2024	DEF 14A	DEF 14A
Apr 12, 2024	DEFA14A	DEFA14A
Apr 05, 2024	3	Insider Trading
Apr 05, 2024	3	Insider Trading
Mar 28, 2024	4	Insider Trading
Mar 25, 2024	8-K	Current Report
Mar 22, 2024	CERT	CERT

Peers (Alternatives to Affiliated Managers Group Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BLK	115.7B	18.3B	-2.05%	21.46%	19.55	6.31	5.32%	20.80%
BX	85.6B	10.3B	-4.77%	49.67%	39.78	8.29	116.39%	249.10%
BK	43.0B	19.6B	1.16%	38.31%	12.88	2.19	78.39%	20.24%
ARES	42.6B	3.6B	2.35%	67.53%	89.9	11.74	18.87%	183.11%
BEN	12.4B	8.1B	-13.86%	-8.12%	13.75	1.53	2.98%	5.84%
MID-CAP
IVZ	6.7B	5.8B	-10.63%	-8.66%	-20.01	1.17	-1.10%	-153.42%
AMG	5.0B	2.0B	-6.16%	9.63%	7.26	2.45	-8.91%	-39.33%
AB	3.7B	-	-4.66%	-4.97%	13.59	-	-	7.16%
CNS	3.6B	486.3M	-2.34%	30.93%	28.33	7.44	-9.75%	-22.27%
APAM	3.5B	1.0B	-3.56%	33.04%	15.25	3.51	6.21%	20.27%
AMK	2.5B	722.2M	-1.77%	26.69%	17.51	3.49	12.85%	46.40%
SMALL-CAP
PX	884.7M	241.7M	-9.17%	-23.70%	-128.56	3.66	21.87%	-123.56%
BSIG	860.1M	426.6M	-2.36%	-	13.07	2.02	2.25%	-34.59%
AINC	16.6M	746.8M	1.68%	-56.13%	-3.59	0.02	15.88%	-226.93%
AC	698.5K	25.3M	-0.71%	-11.96%	0.02	0.03	137.10%	176.58%

Affiliated Managers Group Inc News

Latest updates

Affiliated Managers Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.5%	500	503	525	513	517	540	579	604	607	692	575	586	559	554	495	471	507	556	549	592	543
Operating Expenses	-0.7%	381	384	357	375	381	452	425	401	395	468	395	390	379	387	359	410	354	445	373	413	388
S&GA Expenses	8.1%	92.00	85.00	91.00	85.00	97.00	110	93.00	93.00	89.00	97.00	83.00	89.00	79.00	83.00	74.00	74.00	90.00	94.00	92.00	96.00	96.00
EBITDA Margin	2.5%	0.61*	0.59*	0.95*	0.85*	0.81*	0.80*	0.47*	0.49*	0.51*	0.52*	0.49*	0.47*	-	-	-	-	-	-	-	-	-
Interest Expenses	-4.6%	30.00	31.00	31.00	31.00	31.00	30.00	28.00	27.00	29.00	29.00	29.00	27.00	28.00	27.00	24.00	22.00	20.00	19.00	20.00	20.00	18.00
Income Taxes	85.6%	55.00	30.00	78.00	33.00	45.00	228	37.00	38.00	56.00	85.00	45.00	71.00	51.00	38.00	38.00	3.00	2.00	-1.50	31.00	36.00	-61.80
Earnings Before Taxes	-7.3%	254	274	364	220	234	1,059	201	212	274	368	253	255	265	234	165	67.00	42.00	94.00	193	216	-194
EBT Margin	2.8%	0.55*	0.53*	0.90*	0.80*	0.76*	0.75*	0.43*	0.45*	0.47*	0.47*	0.44*	0.42*	-	-	-	-	-	-	-	-	-
Net Income	-23.6%	150	196	217	125	135	778	113	109	146	178	128	109	150	116	71.00	31.00	-15.60	23.00	86.00	108	-200
Net Income Margin	3.2%	0.34*	0.33*	0.60*	0.54*	0.51*	0.49*	0.22*	0.23*	0.23*	0.23*	0.22*	0.20*	-	-	-	-	-	-	-	-	-
Free Cashflow	-16.4%	208	249	291	89.00	233	255	288	359	141	358	344	361	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.4%	9,025	9,060	9,004	8,966	8,896	8,881	8,430	8,469	8,571	8,876	8,108	8,022	7,681	7,889	7,670	7,496	7,482	7,654	7,679	7,728	7,677
Cash Equivalents	-2.5%	793	814	999	786	833	429	623	607	501	909	1,128	778	766	1,040	929	682	592	540	403	360	305
Net PPE	-2.5%	66.00	67.00	64.00	66.00	67.00	69.00	70.00	71.00	74.00	74.00	74.00	76.00	76.00	80.00	82.00	86.00	89.00	92.00	93.00	100	102
Goodwill	-0.2%	2,518	2,524	2,509	2,660	2,649	2,649	2,628	2,660	2,684	2,689	2,659	2,670	2,666	2,661	2,639	2,628	2,622	2,652	2,630	2,640	2,642
Liabilities	0.4%	4,111	4,096	4,107	4,097	4,143	4,240	4,288	4,277	4,339	4,492	4,159	4,108	3,763	3,900	3,689	3,472	3,392	3,238	3,199	3,175	3,162
Long Term Debt	-0.5%	2,525	2,538	2,537	2,536	2,536	2,535	2,535	2,534	2,578	2,490	2,492	2,299	2,303	2,312	2,311	2,043	2,045	1,794	1,793	1,791	1,781
Shareholder's Equity	26.0%	4,521	3,588	3,495	4,368	4,219	3,230	3,655	3,644	3,593	3,711	3,200	3,158	3,187	3,317	3,328	3,342	3,509	3,499	3,633	3,826	3,760
Retained Earnings	2.3%	6,539	6,390	6,194	5,977	5,852	5,718	4,941	4,829	4,719	4,570	4,392	4,263	4,155	4,006	3,890	3,819	3,789	3,820	3,814	3,744	3,653
Additional Paid-In Capital	-4.0%	712	741	722	652	564	696	710	652	557	652	556	539	620	729	764	768	861	707	743	836	804
Shares Outstanding	-6.6%	33.00	35.00	36.00	36.00	36.00	39.00	38.00	39.00	40.00	42.00	42.00	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	5,227	-	-	-	4,429	-	-	-	6,337	-	-	-	3,462	-	-	-	4,628	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-17.9%	209,200	254,900	293,900	90,700	234,800	257,300	290,900	361,500	145,000	361,900	346,400	362,000	188,900	382,500	251,400	289,800	85,600	312,500	307,400	327,100	-17,900
Share Based Compensation	35.2%	38,800	28,700	26,000	32,100	25,300	32,900	24,200	25,800	30,900	35,800	32,900	23,100	34,900	36,500	25,200	32,700	24,800	27,500	20,900	22,500	19,500
Cashflow From Investing	134.9%	74,500	-213,400	186,800	3,100	288,000	156,700	-94,600	-14,600	-157,400	-405,900	-7,100	-146,600	-24,100	-45,700	-11,100	-12,800	15,900	115,500	-96,900	-42,900	-100
Cashflow From Financing	-29.0%	-302,300	-234,300	-258,800	-148,300	-116,900	-623,800	-162,900	-227,300	-388,900	-172,800	16,500	-201,100	-440,900	-233,900	4,800	-188,600	-37,700	-300,500	-163,800	-226,700	-243,700
Dividend Payments	0%	300	300	400	400	400	400	400	400	400	400	400	400	500	500	500	500	15,300	15,700	16,200	16,400	17,000
Buy Backs	18.9%	152,500	128,300	169,300	44,300	-	360,700	73,200	78,600	201,300	102,300	98,100	82,100	312,800	122,100	99,700	33,100	80,200	132,700	81,600	70,800	71,000

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AMG Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Consolidated revenue	$ 499.9	$ 517.4
Consolidated expenses:
Compensation and related expenses	240.4	222.3
Selling, general and administrative	91.7	97.1
Intangible amortization and impairments	7.3	12.5
Interest expense	29.9	30.5
Depreciation and other amortization	3.0	3.7
Other expenses (net)	9.0	14.4
Total consolidated expenses	381.3	380.5
Equity method income (net)	117.5	58.6
Investment and other income	18.0	38.0
Income before income taxes	254.1	233.5
Income tax expense	55.4	45.0
Net income	198.7	188.5
Net income (non-controlling interests)	(48.9)	(54.0)
Net income (controlling interest)	$ 149.8	$ 134.5
Average shares outstanding (basic) (in shares)	32.8	35.9
Average shares outstanding (diluted) (in shares)	40.1	39.9
Earnings per share (basic) (in dollars per share)	$ 4.56	$ 3.74
Earnings per share (diluted) (in dollars per share)	$ 4.14	$ 3.47

AMG Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 793.4	$ 813.6
Receivables	525.7	368.4
Investments in marketable securities	348.9	461.0
Goodwill	2,517.5	2,523.6
Acquired client relationships (net)	1,802.3	1,812.4
Equity method investments in Affiliates (net)	2,214.1	2,288.5
Fixed assets (net)	65.6	67.3
Other investments	522.9	480.9
Other assets	234.2	243.9
Total assets	9,024.6	9,059.6
Liabilities and Equity
Payables and accrued liabilities	634.1	628.5
Debt	2,524.9	2,537.5
Deferred income tax liability (net)	487.5	463.8
Other liabilities	464.6	466.3
Total liabilities	4,111.1	4,096.1
Commitments and contingencies (Note 8)
Redeemable non-controlling interests	393.0	393.4
Equity:
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares issued as of December 31, 2023 and March 31, 2024)	0.6	0.6
Additional paid-in capital	712.1	741.4
Accumulated other comprehensive loss	(157.8)	(167.6)
Retained earnings	6,539.1	6,389.6
Total stockholders' equity before treasury stock	7,094.0	6,964.0
Less: Treasury stock, at cost (25.3 shares and 26.0 shares as of December 31, 2023 and March 31, 2024, respectively)	(3,503.8)	(3,376.1)
Total stockholders' equity	3,590.2	3,587.9
Non-controlling interests	930.3	982.2
Total equity	4,520.5	4,570.1
Total liabilities and equity	$ 9,024.6	$ 9,059.6

About Affiliated Managers Group Inc

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.

CEO	Mr. Jay C. Horgen
WEBSITE	amg.com
INDUSTRY	Asset Management
EMPLOYEES	3950

Affiliated Managers Group Inc Frequently Asked Questions

What is the ticker symbol for Affiliated Managers Group Inc? What does AMG stand for in stocks?

AMG is the stock ticker symbol of Affiliated Managers Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Affiliated Managers Group Inc (AMG)?

As of Tue May 07 2024, market cap of Affiliated Managers Group Inc is 4.96 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AMG stock?

You can check AMG's fair value in chart for subscribers.

What is the fair value of AMG stock?

You can check AMG's fair value in chart for subscribers. The fair value of Affiliated Managers Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Affiliated Managers Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AMG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Affiliated Managers Group Inc a good stock to buy?

The fair value guage provides a quick view whether AMG is over valued or under valued. Whether Affiliated Managers Group Inc is cheap or expensive depends on the assumptions which impact Affiliated Managers Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AMG.

What is Affiliated Managers Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, AMG's PE ratio (Price to Earnings) is 7.2 and Price to Sales (PS) ratio is 2.43. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AMG PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Affiliated Managers Group Inc's stock?

In the past 10 years, Affiliated Managers Group Inc has provided -0.018 (multiply by 100 for percentage) rate of return.