Affiliated Managers Group with ticker code (AMG) have now 7 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 199 and 160 calculating the mean target price we have $183.14. Given that the stocks previous close was at $142.84 and the analysts are correct then there would likely be a percentage uptick in value of 28.2%. There is a 50 day moving average of $147.48 while the 200 day moving average is $141.84. The market capitalization for the company is $5,160m. Company Website: https://www.amg.com
The potential market cap would be $6,616m based on the market consensus.
Affiliated Managers Group, 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 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.
The company has a dividend yield of 0.03% with the ex dividend date set at 15-2-2023 (DMY).
Other points of data to note are a P/E ratio of 5.64, revenue per share of 60.51 and a 5.42% return on assets.
