Affiliated Managers Group (AMG)

• Market cap: $5.64B
• 1 day: -0.47%
• 5 days: 2.86%
• 1 month: 0.73%
• 3 months: 5.04%
• 6 months: 20.50%
• Year to date: 24.64%
• 1 year: 24.64%
• 5 years: 121.02%
• 10 years: -12.45%
• Sector: Financials
• Industry: Investment Advice

About: Affiliated Managers Group offers investment strategies to investors through its network of affiliates. The firm typically buys a majority interest in small to midsize boutique asset managers, receiving a fixed percentage of revenue from these firms in return. Affiliates operate independently, with AMG providing strategic, operational, and technology support, as well as global distribution. At the end of September 2024, AMG's affiliate network—which includes firms like AQR Capital Management, and Pantheon in alternative assets and other products (which accounted for 36% of AUM), Artemis, Genesis, Harding Loevner, and Tweedy Browne in global and emerging-market equities (27%) and Frontier, River Road, Parnassus, and Yacktman in US equities (21%)—had $728.4 billion in managed assets.

Employees: 4,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

26% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 47

3% more funds holding

Funds holding: 403 [Q2] → 415 (+12) [Q3]

1% more repeat investments, than reductions

Existing positions increased: 145 | Existing positions reduced: 143

0% more capital invested

Capital invested by funds: $4.94B [Q2] → $4.96B (+$18.2M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 6 (+0) [Q3]

11.71% less ownership

Funds ownership: 99.28% [Q2] → 87.57% (-11.71%) [Q3]

59% less call options, than puts

Call options by funds: $1.94M | Put options by funds: $4.78M

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $177 5% downside
• Avg. target: $195 4% upside
• High target: $208 11% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Deutsche Bank Brian Bedell 78% 1-year accuracy 31 / 40 met price target	11% upside $208	Buy Maintained	11 Nov 2024
Barrington Research Alexander Paris 77% 1-year accuracy 85 / 110 met price target	7% upside $200	Outperform Maintained	5 Nov 2024
TD Cowen Bill Katz 92% 1-year accuracy 35 / 38 met price target	5% downside $177	Hold Downgraded	5 Nov 2024