AMG Stock Summary and Trading Ideas (Affiliated Managers Group | NYSE:AMG)

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.

Affiliated Managers Group trades on the NYSE stock market under the symbol AMG.

As of April 18, 2024, AMG stock price declined to $158.19 with 246,659 million shares trading.

AMG has a beta of 0.82, meaning it tends to be less sensitive to market movements. AMG has a correlation of 0.16 to the broad based SPY ETF.

AMG has a market cap of $5.13 billion. This is considered a Mid Cap stock.

Last quarter Affiliated Managers Group reported $503 million in Revenue and $6.86 earnings per share. This fell short of revenue expectation by $-22 million and exceeded earnings estimates by $.84.

In the last 3 years, AMG stock traded as high as $191.62 and as low as $108.12.

The top ETF exchange traded funds that AMG belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

AMG has underperformed the market in the last year with a price return of +11.0% while the SPY ETF gained +22.3%. However, in the short term, AMG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.3% vs +6.1% return in SPY. But in the last 2 weeks, AMG shares have been beat by the market, returning -4.9% compared to an SPY return of -3.8%.

AMG support price is $156.84 and resistance is $160.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMG stock will trade within this expected range on the day.