Affiliated Managers Group with ticker code (AMG) have now 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 280 and 171 and has a mean target at 211. Now with the previous closing price of 138.44 this would imply there is a potential upside of 52.4%. The 50 day MA is 161.89 and the 200 moving average now moves to 163.07. The company has a market cap of $5,718m. Company Website: https://www.amg.com
The potential market cap would be $8,714m based on the market concensus.
Affiliated Managers Group, 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 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.
