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Affiliated Managers Group Inc Stock Research

AMG

142.25USD+0.79(+0.56%)Market Closed

Market Summary

USD142.25+0.79
Market Closed
0.56%

AMG Stock Price

AMG RSI Chart

AMG Valuation

Market Cap

5.4B

Price/Earnings (Trailing)

4.75

Price/Sales (Trailing)

2.34

EV/EBITDA

4.06

Price/Free Cashflow

5.22

AMG Price/Sales (Trailing)

AMG Profitability

EBT Margin

74.97%

Return on Equity

35.47%

Return on Assets

12.9%

Free Cashflow Yield

19.16%

AMG Fundamentals

AMG Revenue

Revenue (TTM)

2.3B

Revenue Y/Y

-21.99%

Revenue Q/Q

-6.72%

AMG Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

336.04%

Earnings Q/Q

590.85%

Price Action

52 Week Range

108.12180.63
(Low)(High)

Last 7 days

0.6%

Last 30 days

2.3%

Last 90 days

-10.4%

Trailing 12 Months

7.3%

AMG Financial Health

Debt/Equity

0.78

Debt/Cashflow

0.42

AMG Investor Care

Dividend Yield

0.03%

Dividend/Share (TTM)

0.04

Buy Backs (1Y)

7.06%

Diluted EPS (TTM)

25.35

Peers (Alternatives to Affiliated Managers Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
61.1B
4.8B
1.41% -25.25%
99.07
12.8
-62.27% -88.42%
44.5B
7.8B
2.74% -4.25%
-100.09
5.67
-64.76% -115.12%
33.8B
14.5B
5.68% 13.67%
10.39
2.44
5.75% -28.18%
12.3B
7.9B
-5.96% -7.31%
14.52
1.57
-9.17% -55.48%
MID-CAP
7.8B
5.8B
-12.10% -20.91%
11.43
1.29
-14.95% -52.29%
5.6B
737.1M
-2.57% 5.80%
46.43
7.62
-67.95% -74.36%
5.4B
2.3B
2.26% 7.32%
4.75
2.34
-3.43% 102.56%
4.8B
2.6B
0.30% -0.52%
10.01
1.72
-21.95% -46.68%
4.3B
2.1B
2.95% -1.60%
15.81
2.09
-24.19% -55.18%
3.2B
2.7B
-11.23% -14.69%
8.95
1.12
-18.40% -60.07%
2.1B
646.6M
-7.79% 39.35%
21.45
3.26
15.54% 72.98%
SMALL-CAP
494.4M
146.2M
-0.23% -4.52%
11.23
3.38
-21.14% -36.78%
457.1M
40.1M
0.43% -29.95%
25.62
11.4
-0.04% -31.55%
206.6M
434.9M
6.70% -27.84%
82.34
0.37
-27.53% -139.58%
161.6M
197.7M
0.84% -7.62%
4
0.82
5.01% -33.91%

Financials for Affiliated Managers Group

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-6.1%2,3302,4822,4782,4612,412
Operating Expenses-0.9%1,6741,6891,6591,6481,631
  S&GA Expenses3.5%386373362358347
EBITDA59.2%1,8611,1691,2211,264-
EBITDA Margin69.6%0.80*0.47*0.49*0.51*-
Earnings Before Taxes65.5%1,7461,0561,1081,1511,141
EBT Margin76.3%0.75*0.43*0.45*0.47*-
Interest Expenses1.0%114113114113111
Net Income109.7%1,146546562562566
Net Income Margin123.4%0.49*0.22*0.23*0.23*-
Free Cahsflow-9.0%1,0431,1471,2021,204-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets5.3%8,8818,4308,4698,5718,876
    Cash Equivalents-31.1%429623607501909
  Net PPE-2.3%69.0070.0071.0074.0074.00
  Goodwill0.8%2,6492,6282,6602,6842,689
Liabilities-1.1%4,2404,2884,2774,3394,492
  Long Term Debt0.0%2,5352,5352,5342,5782,490
Shareholder's Equity16.8%3,2302,7663,6443,5932,786
  Retained Earnings15.7%5,7184,9414,8294,7194,570
  Additional Paid-In Capital-2.0%696710652557652
Shares Outstanding-1.3%38.0039.0040.00--
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-9.0%1,0551,1591,2151,2151,259
  Share Based Compensation-2.5%114117125123127
Cashflow From Investing83.7%-109-672-585-717-583
Cashflow From Financing-47.4%-1,402-951-772-746-798
  Dividend Payments0%2.002.002.002.002.00
  Buy Backs56.7%714455480484595

Risks for AMG

What is the probability of a big loss on AMG?

82.3%


Probability that Affiliated Managers Group stock will be more than 20% underwater in next one year

71.5%


Probability that Affiliated Managers Group stock will be more than 30% underwater in next one year.

38.5%


Probability that Affiliated Managers Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AMG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Affiliated Managers Group was unfortunately bought at previous high price.

Drawdowns

Returns for AMG

Cumulative Returns on AMG

-1.2%


10-Year Cumulative Returns

-2.3%


7-Year Cumulative Returns

-2.3%


5-Year Cumulative Returns

26.7%


3-Year Cumulative Returns

What are the long-term rolling returns for AMG?

FIve years rolling returns for Affiliated Managers Group.

Annualized Returns

Which funds bought or sold AMG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Toroso Investments, LLC
added
413
1,075,000
1,372,000
0.02%
2023-05-22
EMC Capital Management
unchanged
-
-15,000
133,000
0.11%
2023-05-22
PUTNAM INVESTMENTS LLC
reduced
-11.32
-661,054
2,598,170
-%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-1.48
-1,018,220
7,880,780
-%
2023-05-18
JPMORGAN CHASE & CO
added
7.08
-938,003
24,090,000
-%
2023-05-18
SkyView Investment Advisors, LLC
added
1.11
-56,000
560,000
0.13%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-3.43
-916,000
6,034,000
0.01%
2023-05-17
Advisory Services Network, LLC
added
0.38
-28,221
260,914
0.01%
2023-05-17
VIRGINIA RETIREMENT SYSTEMS ET AL
reduced
-2.78
911,070
3,327,030
0.04%
2023-05-17
Thrivent Financial for Lutherans
reduced
-0.93
-174,000
1,416,000
-%

1–10 of 48

Latest Funds Activity

Are funds buying AMG calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own AMG
No. of Funds

Affiliated Managers Group News

MarketBeat
AXQ Capital LP Purchases New Stake in Affiliated Managers Group ....
MarketBeat,
32 hours ago
DirectorsTalk Interviews
Benzinga
Houston Chronicle
Affiliated Managers: Q1 Earnings Snapshot.
Houston Chronicle ,
27 days ago

Schedule 13G FIlings of Affiliated Managers Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Jan 10, 2023
edgepoint investment group inc.
8.2%
3,089,345
SC 13G/A
Nov 10, 2022
vanguard group inc
10.09%
3,855,328
SC 13G/A
Feb 11, 2022
edgepoint investment group inc.
14.4%
5,838,819
SC 13G/A
Feb 09, 2022
vanguard group inc
8.89%
3,615,357
SC 13G/A
Feb 09, 2022
morgan stanley
6.5%
2,653,306
SC 13G/A
Feb 01, 2022
blackrock inc.
9.1%
3,687,323
SC 13G/A

AMG Fair Value

Recent SEC filings of Affiliated Managers Group

View All Filings
Date Filed Form Type Document
May 12, 2023
13F-NT
13F-NT
May 08, 2023
10-Q
Quarterly Report
May 01, 2023
8-K
Current Report
Apr 14, 2023
ARS
ARS
Apr 14, 2023
DEF 14A
DEF 14A
Apr 14, 2023
DEFA14A
DEFA14A
Mar 17, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading

Latest Insider Trading transactions for AMG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-16
Jeffery Reuben III
bought
500,816
137
3,650
-
2023-03-05
Erickson John R
sold (taxes)
-1,727,040
160
-10,743
head of affiliate engagement
2023-03-05
Palandjian Tracy P.
acquired
-
-
410
-
2023-03-05
Jamal Rizwan M
sold (taxes)
-2,224,110
160
-13,835
head of affiliate investments
2023-03-05
Wojcik Thomas M
sold (taxes)
-2,559,140
160
-15,919
chief financial officer
2023-03-05
Alvingham Karen L.
sold (taxes)
-4,822
160
-30.00
-
2023-03-05
Jamal Rizwan M
acquired
-
-
23,828
head of affiliate investments
2023-03-05
Matos Rodriguez Felix V.
acquired
-
-
380
-
2023-03-05
Alvingham Karen L.
acquired
-
-
392
-
2023-03-05
Ryan David Christopher
acquired
-
-
171
-

1–10 of 50

Jay C. Horgen
4050
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. 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.

AMG Income Statement

2023-03-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]  
Consolidated revenue$ 517.4$ 607.3
Consolidated expenses:  
Compensation and related expenses222.3255.0
Selling, general and administrative97.189.4
Intangible amortization and impairments12.512.6
Interest expense30.529.1
Depreciation and other amortization3.73.4
Other expenses (net)14.45.6
Total consolidated expenses380.5395.1
Equity method income (net)58.648.6
Investment and other income38.013.6
Income before income taxes233.5274.4
Income tax expense45.055.7
Net income188.5218.7
Net income (non-controlling interests)(54.0)(72.7)
Net income (controlling interest)$ 134.5$ 146.0
Average shares outstanding (basic) (in shares)35.939.7
Average shares outstanding (diluted) (in shares)39.946.9
Earnings per share (basic) (in dollars per share)$ 3.74$ 3.68
Earnings per share (diluted) (in dollars per share)$ 3.47$ 3.44

AMG Balance Sheet

2023-03-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Assets  
Cash and cash equivalents$ 832.8$ 429.2
Receivables408.6316.0
Investments in marketable securities457.7716.9
Goodwill2,648.92,648.7
Acquired client relationships (net)1,866.11,876.0
Equity method investments in Affiliates (net)1,920.22,139.5
Fixed assets (net)67.168.5
Other investments426.0421.6
Other assets268.4264.6
Total assets8,895.88,881.0
Liabilities and Equity  
Payables and accrued liabilities645.3778.3
Debt2,535.92,535.3
Deferred income tax liability (net)476.3464.7
Other liabilities485.7461.7
Total liabilities4,143.24,240.0
Commitments and contingencies (Note 8)
Redeemable non-controlling interests533.2465.4
Equity:  
Common stock ($0.01 par value, 153.0 shares authorized; 58.5 shares issued in 2022 and 2023)0.60.6
Additional paid-in capital563.9695.5
Accumulated other comprehensive loss(178.3)(203.4)
Retained earnings5,852.35,718.2
Total stockholders' equity before treasury stock6,238.56,210.9
Less: Treasury stock, at cost (22.7 shares in 2022 and 22.4 shares in 2023)(2,966.6)(2,980.6)
Total stockholders' equity3,271.93,230.3
Non-controlling interests947.5945.3
Total equity4,219.44,175.6
Total liabilities and equity$ 8,895.8$ 8,881.0