147.63 0.00 (0.00%)
After hours: 5:15PM EDT
|Bid||136.50 x 800|
|Ask||190.00 x 800|
|Day's Range||145.79 - 147.67|
|52 Week Range||140.43 - 217.00|
|PE Ratio (TTM)||11.66|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||1.20 (0.84%)|
|1y Target Est||190.63|
This resulted in several downgrades, one upgrade, and a handful of changes in our fair value estimates. As we look at the industry today, we see a confluence of a few issues--poor relative active investment performance, the growth and acceptance of low-cost index-based products, and the expanding power of the retail-advised channel--that have made it increasingly difficult for asset managers that run predominantly active portfolios to generate organic growth, leaving them more dependent on market gains to drive managed asset levels higher. While we continue to believe that there will be room for active management, we expect the advantage will go to asset managers with greater scale, established brands, solid long-term performance, and reasonable fees.
Affiliated Managers Group, Inc. (AMG) today announced an adjustment to the conversion rate of its 5.15% junior convertible trust preferred securities due 2037 (the “junior convertible securities”). The conversion rate adjustment is being made in accordance with the indenture governing the conversion of the junior convertible securities as a result of the quarterly cash dividends paid by AMG on common shares beginning in the first quarter of 2017 and the previously announced quarterly cash dividend with an ex-dividend date of August 8, 2018 to be paid on August 23, 2018. Effective immediately, the conversion rate is adjusted from 0.2500 common shares per $50.00 junior convertible security to 0.2525 common shares per $50.00 junior convertible security, equivalent to an adjusted conversion price of $198.0198 per common share, compared to the prior conversion price of $200.00 per common share.
Affiliated Managers Group, Inc. (AMG), a global asset management company, today enhanced its capabilities in Asia by establishing an office in Tokyo, Japan, and appointing Masato Degawa as Senior Advisor, Japan. Mr. Degawa is a seasoned professional with more than 30 years of experience in the asset management industry across a number of global investment firms in Japan and the U.K., having served as President and Representative Director, BlackRock Japan Co., Ltd., and Deputy President and Chief Investment Officer of Amundi Japan Ltd. Earlier in his career, Mr. Degawa was a senior portfolio manager at J.P. Morgan Fleming Asset Management Inc., and an equity research analyst at Morgan Stanley Japan Ltd. He is currently a Senior Advisor to Yarra Capital Management and a board member of the United World Colleges Japan National Committee.
Affiliated Managers (AMG) delivered earnings and revenue surprises of 0.56% and 0.40%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
Company Reports EPS of $2.16; Economic EPS of $3.61. WEST PALM BEACH, Fla., July 30, 2018-- Affiliated Managers Group, Inc. today reported its financial and operating results for the second quarter and ...
NEW YORK, NY / ACCESSWIRE / July 30, 2018 / Affiliated Managers Group, Inc. (NYSE: AMG ) will be discussing their earnings results in their Q2 Earnings Call to be held on July 30, 2018 at 8:30 AM Eastern ...
Teleconference Scheduled for 8:30 a.m. Eastern Time. WEST PALM BEACH, Fla., July 23, 2018-- Affiliated Managers Group, Inc. will report financial and operating results for the second quarter ended June ...