Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Affiliated Managers Group Inc (AMG) stock reached a new 52-week high, hitting 220.94 USD, with InvestingPro data showing strong momentum across multiple timeframes, including an impressive 30.4% gain over the past six months. This milestone reflects a significant upward trend for the company, with its stock price experiencing a notable 31.13% increase over the past year. The achievement of this 52-week high underscores the company’s strong performance and investor confidence in its growth prospects. Five analysts have recently revised their earnings estimates upward, with price targets ranging from 195 USD to 287 USD. According to InvestingPro analysis, AMG maintains solid financial health with a current ratio of 53.14, suggesting strong liquidity. The company’s management has been actively buying back shares, demonstrating confidence in AMG’s future. For deeper insights and additional ProTips, explore AMG’s comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Affiliated Managers Group has seen several noteworthy developments. The company has been the subject of multiple analyst updates, with TD Cowen raising its price target to $287 while maintaining a Buy rating, citing potential structural undervaluation. Another update from Goldman Sachs upgraded Affiliated Managers Group from Neutral to Buy, with a price target of $218, based on expected growth in organic base fees and momentum in private markets. Additionally, TD Cowen increased its price target to $196, maintaining a Hold rating, following a review of AMG’s first-quarter performance, which highlighted improved financial guidance and a robust deal pipeline.
In leadership changes, Affiliated Managers Group appointed Thomas M. Wojcik as the new President. Wojcik, who will continue as Chief Operating Officer, previously served as Chief Financial Officer and brings extensive experience from his time at BlackRock. These developments reflect a period of strategic adjustments and positive outlooks from analysts for Affiliated Managers Group.
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