Affiliated Managers Group stock hits 52-week high at $199.70

Affiliated Managers Group Inc (NYSE:AMG) stock reached a 52-week high, climbing to $199.70. According to InvestingPro data, the company maintains a "GREAT" financial health score, with management actively buying back shares. This milestone reflects a significant upward trend for the company over the past year. The asset management firm, with a market capitalization of $5.65 billion, has experienced a notable 1-year change, with its stock price rising by 26.74%. Trading at a P/E ratio of 13.59 and generating $2.04 billion in revenue, AMG appears undervalued according to InvestingPro’s Fair Value analysis. This increase underscores investor confidence and the company’s strong performance in the financial sector. The latest high marks a period of growth and stability for AMG, as it continues to navigate the competitive landscape of asset management. For deeper insights into AMG’s performance and potential, access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, Affiliated Managers Group (AMG) reported several key developments. Goldman Sachs has upgraded AMG from Neutral to Buy, citing an optimistic growth outlook and setting a price target of $218.00. This upgrade is based on anticipated organic base fee growth and a shift toward alternative affiliates, with projected earnings per share estimates for 2025, 2026, and 2027 set at $24.04, $27.81, and $32.34, respectively. Additionally, AMG has appointed Thomas M. Wojcik as its new President, while he continues as Chief Operating Officer, reflecting the company’s commitment to its growth strategy.

TD Cowen has raised its price target for AMG to $196.00, maintaining a Hold rating, following AMG’s first-quarter 2025 performance, which showed improved financial guidance and a robust deal pipeline. Furthermore, AMG has announced an agreement to acquire a minority stake in Verition Fund Management, enhancing its portfolio with alternative strategies. This transaction, expected to close in the second quarter of 2025, aligns with AMG’s partnership approach. These developments highlight AMG’s strategic initiatives and ongoing growth in the investment management industry.

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