US stock futures dip as Nvidia earnings spark little cheer
Affiliated Managers Group Inc (NYSE:AMG) stock has reached a 52-week high, touching a price of $224.98 USD. The company, with a market capitalization of $6.35 billion, is currently trading at an attractive P/E ratio of 14.85. According to InvestingPro analysis, AMG appears to be slightly undervalued at current levels. This milestone marks a significant achievement for the company, reflecting positive investor sentiment and robust financial performance over the past year. The stock’s ascent is further underscored by a notable 1-year change of 29.41% and an impressive year-to-date return of 18.1%. InvestingPro has identified multiple bullish indicators for AMG, including strong returns over both three-month and five-year periods. For detailed insights and access to 8 additional ProTips about AMG’s performance, investors can explore the comprehensive Pro Research Report, available exclusively on InvestingPro. As AMG continues to navigate the financial landscape, this new 52-week high serves as a testament to its strategic initiatives and market positioning.
In other recent news, Affiliated Managers Group (AMG) has seen several notable developments. Goldman Sachs upgraded AMG’s stock from Neutral to Buy, citing an expected increase in organic base fee growth and positive momentum in private markets affiliates. This upgrade sets a new price target of $218.00, suggesting a 17% upside potential. Additionally, TD Cowen raised its price target for AMG to $287.00, maintaining a Buy rating and noting a possible structural undervaluation by investors.
In corporate changes, AMG announced the appointment of Thomas M. Wojcik as the new President, while he continues as Chief Operating Officer. This follows his tenure as Chief Financial Officer from 2019 to 2024. Marcy Engel has been appointed to AMG’s Board of Directors, effective September 30, 2025, as Dwight D. Churchill retires after 15 years of service. Engel brings extensive experience from her previous roles at Sculptor Capital Management (NYSE:SCU) and Eton Park Capital Management.
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