Affiliated Managers Group
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 December 2023, AMG's affiliate network—which includes firms like AQR Capital Management, and Pantheon in alternative assets and other products (which accounted for 35% of AUM), Artemis, Genesis, Harding Loevner, and Tweedy Browne in global and emerging-market equities (28%) and Frontier, River Road, Parnassus, and Yacktman in U.S. equities (21%)—had $672.2 billion in managed assets.
Employees: 4,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 6 (+2) [Q2]
1% more funds holding
Funds holding: 398 [Q1] → 402 (+4) [Q2]
8% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 53
7.15% less ownership
Funds ownership: 98.92% [Q1] → 91.77% (-7.15%) [Q2]
16% less capital invested
Capital invested by funds: $5.43B [Q1] → $4.57B (-$862M) [Q2]
17% less repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 155
77% less call options, than puts
Call options by funds: $1.2M | Put options by funds: $5.29M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Deutsche Bank Brian Bedell 96% 1-year accuracy 22 / 23 met price target | 4%upside $205 | Buy Maintained | 15 Aug 2024 |
Deutsche Bank Brian Bedell 96% 1-year accuracy 22 / 23 met price target | 3%upside $202 | Buy Maintained | 30 Jul 2024 |
TD Cowen Bill Kirk 56% 1-year accuracy 10 / 18 met price target | 15%upside $226 | Buy Maintained | 30 Jul 2024 |
B of A Securities Craig Siegenthaler 83% 1-year accuracy 20 / 24 met price target | 2%upside $201 | Neutral Maintained | 30 Jul 2024 |
Barrington Research Alexander Paris 74% 1-year accuracy 73 / 99 met price target | 7%upside $210 | Outperform Maintained | 29 Jul 2024 |
Financial journalist opinion
Based on 7 articles about AMG published over the past 30 days