Affiliated Managers Group Inc (NYSE: AMG) is -0.21% lower on its value in year-to-date trading and has touched a low of $139.22 and a high of $199.52 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMG stock was last observed hovering at around $182.33 in the last trading session, with the day’s gains setting it 2.21%.
Currently trading at $184.54, the stock is 2.55% and 6.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing 1.21% at the moment leaves the stock 4.11% off its SMA200. AMG registered 24.35% gain for a year compared to 6-month loss of -1.10%.
The stock witnessed a 1.22% gain in the last 1 month and extending the period to 3 months gives it a 8.18%, and is 0.76% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.39% over the week and 1.30% over the month.
Affiliated Managers Group Inc (AMG) has around 4100 employees, a market worth around $5.25B and $2.04B in sales. Current P/E ratio is 14.48 and Fwd P/E is 7.06. Profit margin for the company is 21.31%. Distance from 52-week low is 32.55% and -7.51% from its 52-week high. The company has generated returns on investments over the last 12 months (7.47%).
The EPS is expected to grow by 8.30% this year
The shares outstanding are 28.80M, and float is at 27.48M with Short Float at 2.77%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 3.47 million shares valued at $542.67 million. The investor’s holdings represent 11.0271 of the AMG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.08 million shares valued at $480.97 million to account for 9.7733 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 2.21 million shares representing 7.0308 and valued at over $346.01 million, while CLARKSTON CAPITAL PARTNERS, LLC holds 5.8044 of the shares totaling 1.83 million with a market value of $285.65 million.
Affiliated Managers Group Inc (AMG) Insider Activity
Affiliated Managers Group Inc disclosed in a document filed with the SEC on Aug 20 ’24 that Horgen Jay C. (President and CEO) sold a total of 9,300 shares of the company’s common stock. The trade occurred on Aug 20 ’24 and was made at $169.93 per share for $1.58 million. Following the transaction, the insider now directly holds 0.37 million shares of the AMG stock.
Still, SEC filings show that on Aug 19 ’24, Horgen Jay C. (President and CEO) disposed off 9,000 shares at an average price of $171.98 for $1.55 million. The insider now directly holds 377,276 shares of Affiliated Managers Group Inc (AMG).
