Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
21 November 1997Website:
http://www.amg.comNext earnings report:
26 July 2024Last dividends:
15 May 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 17:06:13 GMTAnalysts recommendations
Institutional Ownership
AMG Latest News
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Affiliated Managers (AMG) has formed a partnership with Suma Capital by purchasing a minority stake in the private markets company.
AMG, a top partner for independent investment management firms worldwide, revealed today that it has purchased a minority stake in Suma Capital.
Affiliated Managers Group, Inc. (NYSE:AMG) held its Q1 2024 Earnings Call on May 6, 2024 at 8:30 AM ET. Present on the call were Patricia Figueroa, Jay Horgen, and Thomas Wojcik. Participants included analysts from Bank of America, TD Cowen, Jefferies, Deutsche Bank, Autonomous Research, and Goldman Sachs. The call began with a welcome to all participants in a listen-only mode.
AMG's Q1 earnings were boosted by a higher AUM balance, although lower revenues and slightly higher expenses had a negative impact.
AMG reported quarterly earnings of $5.37 per share, surpassing the Zacks Consensus Estimate of $5.21 per share and an increase from $4.18 per share in the previous year.
AMG's strong global distribution network and solid financial position likely contributed to its Q1 earnings.
The P/B ratio can be used to find undervalued stocks with strong potential for growth. Some examples of these stocks include General Motors Company (GM), JD.com (JD), StoneCo (STNE), Affiliated Managers Group (AMG), and PagSeguro Digital (PAGS).
At Zacks, we prioritize the reliable Zacks Rank system, which highlights earnings estimates and revisions to identify top stocks. However, we also keep a close eye on current value, growth, and momentum trends to highlight solid choices.
Value investing involves choosing stocks that are both inexpensive and have strong fundamentals. KBH, AMG, PAGS, and GM all have a low price-to-cash flow ratio.
What type of business is Affiliated Managers?
Affiliated Managers Group, Inc. is a global asset management company with investments in the equity of leading firms: asset management companies, hedge funds, and specialized private equity companies. Founded in 1993, it is based in Gorny Cross, Massachusetts. Investments through equity participation in the Institutional distribution channel are built on relationships with government and private organizations-clients. Investments through equity participation in the Distribution Channel Mutual Funds are made based on advisory or sub-advisory relationships with yield-oriented active investment funds. Investments through equity participation in the distribution channel Private clients with large fortunes are made within relationships with private individuals and families with high and ultra-high income.
What sector is Affiliated Managers in?
Affiliated Managers is in the Financial Services sector
What industry is Affiliated Managers in?
Affiliated Managers is in the Asset Management industry
What country is Affiliated Managers from?
Affiliated Managers is headquartered in United States
When did Affiliated Managers go public?
Affiliated Managers initial public offering (IPO) was on 21 November 1997
What is Affiliated Managers website?
https://www.amg.com
Is Affiliated Managers in the S&P 500?
No, Affiliated Managers is not included in the S&P 500 index
Is Affiliated Managers in the NASDAQ 100?
No, Affiliated Managers is not included in the NASDAQ 100 index
Is Affiliated Managers in the Dow Jones?
No, Affiliated Managers is not included in the Dow Jones index
When does Affiliated Managers report earnings?
The next expected earnings date for Affiliated Managers is 26 July 2024