Affiliated Managers Group with ticker code (AMG) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 163 and 135 with a mean TP of 150.8. Given that the stocks previous close was at 124.8 this now indicates there is a potential upside of 20.8%. There is a 50 day moving average of 127.64 and the 200 moving average now moves to 136.83. The market capitalisation for the company is $4,668m. Visit the company website at: https://www.amg.com
The potential market cap would be $5,641m based on the market concensus.
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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.