Affiliated Managers Group Azioni (NYSE: AMG)

Ultime notizie per Affiliated Managers Group (NYSE:AMG) Azioni

AFFILIATED MANAGERS GROUP

Affiliated Managers Group

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.

Affiliated Managers Group, Inc. Common Stock

Affiliated Managers Group Inc

ASTON MARTIN LAGO NEW by Aston Martin Lagonda Global Holdings plc.

Aston Martin Lagonda Global Holdings PLC

Amgen Inc

AMA Group Ltd

AnGes Inc

AMERICAN METAL&TECH INC by American Metal & Technology, Inc.

American Metal & Technology Inc

Barrington Research analyst Alexander Paris maintains Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) with a Outperform and lowers the price target from $215 to $200.

News

Price Target

Analyst Ratings

Barrington Research Maintains Outperform on Affiliated Managers Group, Lowers Price Target to $200

WIIM

ARES

Bakkt Holdings, Inc. Class A Common Stock

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EMCG

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Janus Henderson Group plc Ordinary Shares

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PowerShares Exchange Traded Fund Trust Dynamic Mid Cap Value Portfolio

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Shares of capital market companies are trading lower as markets react to President Trump's announcement of sweeping tariffs.

B of A Securities analyst Craig Siegenthaler maintains Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) with a Neutral and lowers the price target from $211 to $195.

B of A Securities Maintains Neutral on Affiliated Managers Group, Lowers Price Target to $195

Affiliated Managers Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) short percent of float has risen 36.1% since its last report. The company recently reported that it has 818 thousand shares sold short, which is 3.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.71 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Affiliated Managers Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741093254_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Affiliated Managers Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Affiliated Managers Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Affiliated Managers Group's peer group average for short interest as a percentage of float is 3.25%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Affiliated Managers Group's Recent Short Interest

Barrington Research analyst Alexander Paris maintains Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) with a Outperform and raises the price target from $200 to $215.

Barrington Research Maintains Outperform on Affiliated Managers Group, Raises Price Target to $215

NorthBridge is a vertically integrated real estate investment manager specializing in industrial logistics assets, a high-growth sector benefiting from the expanding digital economy and evolving supply chain dynamics.&nbsp;
The management team of NorthBridge will continue to hold a significant majority of the equity and direct the firm's day-to-day operations.

AMG Acquires Minority Equity Interest In Northbridge Partners; Terms Not Disclosed

Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) reported quarterly earnings of $6.53 per share which beat the analyst consensus estimate of $6.02 by 8.47 percent. This is a 4.81 percent decrease over earnings of $6.86 per share from the same period last year. The company reported quarterly sales of $524.20 million which missed the analyst consensus estimate of $530.55 million by 1.20 percent. This is a 4.28 percent increase over sales of $502.70 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Affiliated Managers Group Q4 Adj EPS $6.53 Beats $6.02 Estimate, Sales $524.20M Miss $530.55M Estimate

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Laboratory Corporation Of America Holdings

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Earnings Scheduled For February 6, 2025

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/01/21/final-trades-disney-affiliated-managers-unitedhealth-and-block.html">Halftime Report Final Trades</a>,&#8221; Joseph M. Terranova of Virtus Investment Partners picked Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>).
Adding support to his choice, Wells Fargo analyst Andrew Bauch, on Jan. 16, maintained Block with an Overweight rating and raised the price target from $85 to $95.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>.
Joshua Brown of Ritholtz Wealth Management named The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) as <a href="https://www.benzinga.com/25/01/42890512/disney-now-has-157-million-monthly-ad-supported-viewers-on-disney-hulu-and-espn-globally">his final trade</a>.
In recent news, on Jan. 8, Walt Disney said that its streaming platforms have reached another milestone. The company&#8217;s streaming platforms, Disney+, Hulu, and ESPN+, have amassed approximately 157 million monthly active users globally who engage with ad-supported content.
In the healthcare sector, Stephanie Link of Hightower said she likes UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) at 17 times earnings and long-term average is 24 times. &#8220;I like the discount,&#8221; she added.
In recent earnings news, UnitedHealth Group, last week, reported better-than-expected fourth-quarter earnings and reaffirmed 2025 guidance. The company reported adjusted EPS of $6.81, up from $6.16 a year ago, beating the consensus of $6.72.
Rounding out the trades, Brian Belski of BMO Capital Markets picked Affiliated Managers Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>), a financial stock.
Supporting his view, Deutsche Bank analyst Brian Bedell, on Nov. 11, maintained Affiliated Managers Group with a Buy rating and raised the price target from $204 to $208.
Price Action:
<ul>
<li>Disney shares gained 1.6% to close at $108.70 during Tuesday's session.</li>
<li>Affiliated Managers Group gained 0.9% to settle at $188.73 on Tuesday.</li>
<li>UnitedHealth gained 3% to close at $524.99 on Tuesday.</li>
<li>Block shares rose 2.9% to close at $89.50.</li>
</ul>
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Image: Shutterstock

Long Ideas

Markets

Media

Block, Disney, Affiliated Managers Group And A Health Care Stock On CNBC's 'Final Trades'

Goldman Sachs is shaking up the 2025 playbook for the capital markets industry. In a note shared Monday, analyst Alexander Blostein, CFA outlined key winners and losers in alternative asset managers, brokers, and traditional managers, <a href="https://www.benzinga.com/analyst-stock-ratings/upgrades">with bold rating adjustments.</a> 
Among the top picks are KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) and Raymond James Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>), while Hamilton Lane Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLNE#NASDAQ">HLNE</a>) and Cboe Global Markets, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#NYSE">CBOE</a>) face downgrades.
<h3 class="wp-block-heading">Alternative Managers: The 2024 High-Flyers Face Valuation Concerns</h3>
Alternative asset managers outperformed the S&amp;P 500 by a robust 28% in 2024, surging 51% on average. Yet, lofty valuations and slowing growth expectations may challenge the sector&#8217;s momentum in 2025. 
Some stocks nearly doubled: KKR &amp; Co. Inc. climbed +82%, and StepStone Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEP#NASDAQ">STEP</a>) was up 79%. At the lower end, Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>) rose 24%, while Hamilton Lane Incorporated posted a 31% gain.
Despite these massive returns, average price-to-earnings (P/E) multiples for the group expanded over 30% last year, with the 2026 expected P/E standing at a steep 24.5x.
"We think some of the multiple expansion is justified by improving organic FRE [fee-related earnings] growth and a cyclical boost from capital markets activity, but valuations are becoming increasingly prohibitive," Blostein said. 
<h3 class="wp-block-heading">Key Themes Driving Alternative Managers In 2025</h3>
Goldman Sachs indicated three major themes shaping the landscape for alternative managers in 2025:
<ol>
<li>Private Credit Competition: After driving 70% of management fee growth in 2024, private credit faces rising competition and risks of commoditization in direct lending, although demand for private investment-grade credit remains solid.</li>
<li>Retail and Private Wealth Expansion: The retail investor channel will continue to grow, but with increasing competition from scaled players.</li>
<li>Private Equity Revival: Fundraising and realization activity is expected to recover as deal markets normalize, benefiting corporate private equity managers.</li>
</ol>
Among alternative managers, Goldman&#8217;s top buys are KKR &amp; Co. Inc. and TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) for their robust FRE growth potential.
On the flip side, Hamilton Lane Incorporated was cut to Sell on slowing fee growth, with a target of $139. Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) was downgraded to Neutral on slowing organic growth.
<h3 class="wp-block-heading">Brokers: Recovery In M&amp;A Boosts RJF</h3>
Improved capital markets activity in 2025 could boost deal-making, especially in M&amp;A. 
Raymond James Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) was upgraded from Neutral to Buy, with Goldman setting a $185 price target. Blostein highlighted RJF's $2.5 billion excess capital and strong operating leverage as key growth drivers.
LPL Financial Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPLA#NASDAQ">LPLA</a>) remains a top pick, while trust banks like The Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) and State Street Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) are well-positioned for balanced growth.
<h3 class="wp-block-heading">Traditional Managers: Stabilizing Or Slowing</h3>
Traditional asset managers show mixed potential. 
Franklin Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) was upgraded from Sell to Neutral due to its attractive valuation, including a 6.5% dividend yield and a 14% free cash flow yield. Janus Henderson Group plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHG#NYSE">JHG</a>) also moved to Neutral on improving performance fees and ETF growth.
On the downside, Affiliated Managers Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) was downgraded to Neutral due to deteriorating EBITDA growth. Cboe Global Markets, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#NYSE">CBOE</a>) was cut from Neutral to Sell as growth in SPX and VIX option products stagnated.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Rating Change</th>
<th>New Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Franklin Resources, Inc. </td>
<td>Sell → Neutral</td>
<td>$22.00</td>
</tr>
<tr>
<td>Janus Henderson Group plc </td>
<td>Sell → Neutral</td>
<td>$45.00</td>
</tr>
<tr>
<td>Affiliated Managers Group, Inc. </td>
<td>Buy → Neutral</td>
<td>$191.00</td>
</tr>
<tr>
<td>Cboe Global Markets, Inc. </td>
<td>Neutral → Sell</td>
<td>$184.00</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Goldman Sachs</figcaption></figure>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42812603/uber-cfo-highlights-undervalued-stock-while-accelerating-buyback-efforts-through-15-billion-asr-deal">Uber CFO Says Stock Undervalued, Initiates $1.5 Billion Accelerated Stock Buyback</a></li>
</ul>
Photo: Shutterstock

Analyst Color

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Mid Cap

Upgrades

Downgrades

CBOE

2025 Industry Shake-Up: Goldman Highlights KKR, Raymond James, Hamilton Lane

Deutsche Bank analyst Brian Bedell maintains Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) with a Buy and raises the price target from $204 to $208.

Deutsche Bank Maintains Buy on Affiliated Managers Group, Raises Price Target to $208

Barrington Research analyst Alexander Paris maintains Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) with a Outperform and lowers the price target from $210 to $200.

Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Affiliated Managers Group, presenting an average target of $199.0, a high estimate of $210.00, and a low estimate of $177.00. A decline of 7.12% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1730818878_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Affiliated Managers Group. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Buy</td>
<td>$204.00</td>
<td>$219.00</td>
</tr>
<tr>
<td>Bill Katz</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$177.00</td>
<td>$226.00</td>
</tr>
<tr>
<td>Alexander Paris</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$205.00</td>
<td>$202.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Affiliated Managers Group. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Affiliated Managers Group compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Affiliated Managers Group's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into Affiliated Managers Group's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/AMG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Affiliated Managers Group analyst ratings.</a>
<h2>Get to Know Affiliated Managers Group Better</h2>
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 June 2024, AMG's affiliate network-which includes firms like AQR Capital Management, and Pantheon in alternative assets and other products (which accounted for 37% 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 $701.0 billion in managed assets.
<h3>Affiliated Managers Group: A Financial Overview</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining Affiliated Managers Group's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -2.38% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Affiliated Managers Group's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 15.19%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Affiliated Managers Group's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.2%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.85%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Affiliated Managers Group's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.76.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Affiliated Managers Group Analyst Ratings

Deutsche Bank analyst Brian Bedell maintains Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) with a Buy and lowers the price target from $219 to $204.

Deutsche Bank Maintains Buy on Affiliated Managers Group, Lowers Price Target to $204

TD Cowen analyst Bill Katz downgrades Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) from Buy to Hold and lowers the price target from $226 to $177.

TD Cowen Downgrades Affiliated Managers Group to Hold, Lowers Price Target to $177

Affiliated Managers Group shares are trading lower after the company reported worse-than-expected Q3 financial results.

Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) reported quarterly earnings of $4.82 per share which missed the analyst consensus estimate of $4.84 by 0.41 percent. The company reported quarterly sales of $516.400 million which missed the analyst consensus estimate of $521.873 million by 1.05 percent. This is a 1.68 percent decrease over sales of $525.200 million the same period last year.

Affiliated Managers Group Q3 2024 Adj. EPS $4.82 Misses $4.84 Estimate, Sales $516.400M Miss $521.873M Estimate

Barrington Research analyst Alexander Paris maintains Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) with a Outperform and maintains $210 price target.

Barrington Research Maintains Outperform on Affiliated Managers Group, Maintains $210 Price Target

Shares of Principal Financial Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pfg#NASDAQ">PFG</a>) have gained 0.8% in the past year, underperforming the industry&#39;s growth of 11% and the Zacks S&amp;P 500 composite&#39;s rise of 14.4%.
<h2>PFG Lags Industry and S&amp;P</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/80/77282.jpg?v=1534126285" />
Image Source: Zacks Investment Research
Earnings per share missed the consensus estimate in the last two reported quarters of 2024.
Closing at $79.30 on Tuesday, the stock stands almost 10.1% below its 52-week high of $88.26.
The Zacks Consensus Estimate for PFG&#39;s 2024 and 2025 earnings has moved 0.2% and 0.3% south, respectively, in the past 30 days.
Principal Financial&#39;s expenses have been increasing since 2013 due to a rise in benefits, claims and settlement expenses, as well as operating expenses. An increase in expenses weighs on its margins. Net margin contracted 280 basis points to 8.1% in the second quarter of 2024.
<h2>Factors Benefiting PFG Stock</h2>
Principal Financial&#39;s revenue growth is expected to improve in the long run, riding on higher premiums and other considerations, fees and other revenues, and improved net investment income across its segments.
The Principal International segment is likely to benefit from higher single-premium annuity sales in Chile. The segment&#39;s operating earnings should gain from foreign currency tailwinds.
The Specialty Benefits Insurance business should continue to gain from record sales, strong retention and employment growth. Growth in the business, favorable claims and disciplined expense management should benefit its pre-tax operating earnings.
Strong institutional flows across equities, real estate and specialty fixed income, highlighting the value of diversified distribution through its institutional, retail and retirement channels, are likely to drive positive net cash flow. Principal Financial&#39;s extensive distribution footprint, strategic buyouts and operational discipline should enhance the assets under management growth.
Principal Financial boasts a strong capital position, with sufficient cash generation capabilities and liquidity. To reflect the business mix and risk profile, PFG lowered the target RBC level from the previous 400% to a range of 375-400%. For 2024, PFG remains well-positioned to deliver on enterprise long-term financial targets, with 9% to 12% growth in earnings per share and 75% to 85% free capital flow conversion.
<h2>PFG&#39;s Distribution of Wealth</h2>
Principal Financial&#39;s wealth distribution through share buybacks and dividend payment looks impressive. In the third quarter of 2023, PFG raised the dividend by 11% for the fifth consecutive quarter, aligned with the targeted 40% dividend payout ratio, demonstrating confidence in continued growth and overall performance. It also boasts a solid dividend yield of 3.6%, higher than the industry average of 2.4%. The company continues to expect to deliver on the targeted 75-85% free capital flow for 2024.
PFG returned more than $415 million of capital to shareholders in the second quarter of 2024, including $250 million of share repurchases. It remains committed to returning excess capital to shareholders and continues to expect $1.5-$1.8 billion of capital deployment for 2024, including $800 million to $1.1 billion of share repurchases. Based on net income, excluding exited business, the company targets 35-45% share repurchases in 2024.
<h2>Estimates for Principal Financial</h2>
The Zacks Consensus Estimate for Principal Financial&#39;s 2024 earnings per share indicates a year-over-year increase of 11.6%. The consensus estimate for revenues is pegged at $15.81 billion, implying a year-over-year improvement of 7.8%.
The consensus estimate for 2025 earnings per share and revenues indicates an increase of 15.4% and 4.6%, respectively, from the corresponding 2024 estimates.
<h2>PFG&#39;s Favorable Return on Equity</h2>
PFG&#39;s return on equity in the trailing 12 months was 14.9%, better than the industry average of 9.7%, reflecting efficiency in utilizing shareholders&#39; funds.
<h2>PFG Shares Are Affordable</h2>
Principal Financial is trading at a discount compared with the industry average. It presents a compelling investment opportunity with its attractive forward 12-month price-to-earnings ratio of 9.8X, lower than the industry average of 14.82X. Also, it has a Value Score of A.
Shares of other accident and health insurers like Affiliated Managers Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amg#NYSE">AMG</a>), Ameriprise Financial, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amp#NYSE">AMP</a>)&nbsp;and Apollo Global Management Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apo#NYSE">APO</a>) are also trading at a discount to the industry average.
<h2>Wrapping Up: Keep On Holding</h2>
Principal Financial&#39;s financial stability, favorable growth estimates and affordability of shares make it an attractive stock to retain for current investors.&nbsp; 
PFG should benefit from strategic buyouts, strong retention, higher single premium annuity sales, effective capital deployment, positive net cash flow and favorable return on capital. It is, therefore, wise to hold on to this Zacks Rank #3 (Hold) stock.
<a href="https://www.zacks.com/stock/news/2334685/principal-financial-stock-lags-industry-should-you-hold-or-fold?cid=CS-BENZ-FT-analyst_blog|rank_focused-2334685">To read this article on Zacks.com click here.</a>

Dividends

Buybacks

Principal Financial Stock Lags Industry: Should You Hold or Fold?

In a new SEC filing on August 20, it was revealed that Jamal, Head Affiliate Investments at Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>), executed a significant exercise of company stock options.
What Happened: Disclosed in a Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0001004434/000112760224022660//Archives/edgar/data/1004434/000112760224022660/0001127602-24-022660-index.htm">U.S. Securities and Exchange Commission</a>, Jamal, Head Affiliate Investments at Affiliated Managers Group, executed a strategic derivative sale. This involved exercising stock options for 428,807 shares of AMG, resulting in a transaction value of $41,036,829.
Affiliated Managers Group shares are currently trading down by 0.0%, with a current price of $170.19 as of Wednesday morning. This brings the total value of Jamal's 428,807 shares to $41,036,829.
<h3>Delving into Affiliated Managers Group's Background</h3>
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.
<h3>Understanding the Numbers: Affiliated Managers Group's Finances</h3>
Negative Revenue Trend: Examining Affiliated Managers Group's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -2.38% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 56.97%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): Affiliated Managers Group's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 2.42.
</li>
</ul>
Debt Management: Affiliated Managers Group's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.76.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 9.91, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 3.36, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 5.27, Affiliated Managers Group could be considered undervalued.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>The Relevance of Insider Transactions</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Transaction Codes To Focus On</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001004434">Check Out The Full List Of Affiliated Managers Group's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Options Exercise: Rizwan Jamal At Affiliated Managers Group Realizes $41.04M

Press Releases

AMG to Announce Second Quarter Results on July 29, 2024

AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2024

AMG to Announce Third Quarter Results on November 4, 2024

AMG Reports Financial and Operating Results for the Third Quarter and Nine Months Ended September 30, 2024

AMG to Present at the Goldman Sachs Financial Services Conference

Pantheon expands US private wealth offerings with evergreen infrastructure fund

AMG to Announce Fourth-Quarter and Full-Year Results on February 6, 2025

AMG Announces Partnership with NorthBridge Partners

AMG Reports Financial and Operating Results for the Fourth Quarter and Full Year 2024

Third Avenue Real Estate Value Fund Named Best Global Real Estate Fund by LSEG Lipper

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