Is Affiliated Managers Group Inc. (NYSE: AMG) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Volume reached 3,358 shares, with price reaching a high of $130.76 and a low of $130.76. Yahoo Finance discussed the stock recently as it posted AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2022.

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Stocks Info

This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $130.76 and fluctuated between $133.05 as its day high and $129.63 as its day low. The current market capitalization of Affiliated Managers Group Inc. is $4.94B. A total of 0.2 million shares were traded on the day, compared to an average of 260.42K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, AMG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 42 BUYs and 19 SELLs from insiders. Insiders purchased 204,203 shares during that period but sold 92,739.

In the most recent transaction, Palandjian Tracy P. bought 3,700 shares of AMG for 137.67 per share on Feb 22. After the transaction, the Director now owns 8,924 company shares. In a previous transaction on Feb 15, Jeffery Reuben III bought 3,500 shares at 143.96 per share. AMG shares that Director owns now total 26,702.

Among the insiders who bought shares, Erickson John R acquired of 3,000 shares on Dec 03 at a per-share price of $169.95. This resulted in the Head of Affiliate Engagement holding 23,717 shares of AMG after the transaction. In another insider transaction, Jamal Rizwan M bought 3,000 shares at $171.47 per share on Dec 03. Company shares held by the Head of Affiliate Investments now total 30,104.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Affiliated Managers Group Inc. pays an annual dividend of $0.04, resulting in a dividend yield of 0.03%, and it has a price to earnings (P/E) ratio of 10.51. AMG’s most recent ex-dividend date was 08/10/2022 when it declared a $0.01 quarterly dividend that was paid in cash on 08/25/2022. Previously, the company paid the dividend on 05/26/2022 with an ex-dividend date of 05/11/2022. The dividend was $0.01 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for AMG in the last 3 months, the mean price target is $149.00 with high estimates of $160.00 and low estimates of $135.00. In terms of 52-week highs and lows, AMG has a high of $191.62 and a low of $109.57.

As of this writing, AMG has an earnings estimate of $4.13 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $4.45 per share and a lower estimate of $3.99. The company reported an EPS of $4.03 in the last quarter, which was 0.75% higher than expectations of $4.0.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMG is Overweight with a score of 4.00. A total of 3 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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