|Bid||77.00 x 1100|
|Ask||100.25 x 800|
|Day's Range||87.00 - 88.90|
|52 Week Range||87.00 - 168.19|
|Beta (3Y Monthly)||1.46|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||1.28 (1.15%)|
|1y Target Est||115.63|
The once rising-star hedge fund seems to have hit a snag in another example of a credit fund unable to transition into stocks.
Affiliated Managers Group Inc NYSE:AMGView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for AMG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AMG. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.58 billion over the last one-month into ETFs that hold AMG are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
All things considered, it could have been worse … and for the better part of Monday, it was. The S&P 500's loss of 0.45% yesterday was a huge pare-back from what at one point was nearly a 2% drubbing driven by renewed worries of economic headwinds.Source: Allan Ajifo via Wikimedia (Modified)Advanced Micro Devices (NASDAQ:AMD) inflicted the most net damage, falling 2.8% after President Trump threatened to put new tariffs in place on China's imports of U.S. goods. Advanced Micro Devices is one of the more vulnerable chipmakers. Affiliated Managers Group (NYSE:AMG) lost more ground of its own though, off 11.6% after a disappointing Q1 report was worsened by news that CEO Nathaniel Dalton would be stepping down due to illness.At the other end of the spectrum, Coty (NYSE:COTY) rallied nearly 6%, largely driven by the acceptance of the tender offer from JAB Holding.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Strong Buy Stocks That Tick All the Boxes But headed into Tuesday's trading, the stock charts of General Electric (NYSE:GE), Citrix Systems (NASDAQ:CTXS) and NRG Energy (NYSE:NRG) are of the most interest. The broad market is clearly vulnerable, and traders need to be even pickier than usual about selecting stocks. NRG Energy (NRG)A week ago, NRG Energy was rolling over in a gradual, arc-shaped way that we hadn't seen in months. It could mean this wave of weakness was a little more calculated than the past ones had been, and as such, it could last longer. On the other hand, none of the key support levels that were keeping NRG stock pushing forward had been broken. The U-shaped rollover could mean nothing.It's starting to look like it meant something. In just the past five trading days, NRG Energy shares broke below both of the aforementioned technical floors. We're in uncharted waters now, fighting what looks like will be a losing battle. Click to Enlarge * The two technical floors in question are plotted with dashed lines on both stock charts. The near-term support line plotted in red touched the key lows going back to July. The longer-term line is in yellow and it touches the key lows going back to 2017. * Thanks to yesterday's sizeable stumble, NRG Energy is also below the white 200-day moving average line for the first time since the beginning of 2017. * The volume behind the pullback was modest, until late last week and Monday. A couple of high volume selloffs evident on the daily chart finally dragged the weekly chart's Chaikin line below zero in a big way. General Electric (GE)General Electric hasn't been a particularly easy name to own of late, even for speculative reasons. Just when it looks like it's on the mend, the wrong headline surfaces and up-ends a budding rally effort.Things are slowly but surely changing for the better though, and one more good day could be a game-changer. A lot of the heavy lifting has already been done, and some programmatic or algorithmic buying could be in the offing. * 7 Marijuana Stocks That Are Bleeding Cash Click to Enlarge * When we last looked at GE back on April 30, it had just pushed up and off of its gray 100-day moving average line, and it had just fully closed a key gap left behind in late March. * While last week's productive move carried General Electric shares above the pivotal 200-day moving average line, plotted in white on both stock charts, the March peak of $10.50 has once again stepped up as a technical ceiling. * Although it still won't happen for a few days, at least, the purple 50-day line is close to clearing the 200-day moving average line. This so-called "golden cross" is a well-watched buy signal for many professional and amateur traders. Citrix Systems (CTXS)Finally, for the better part of the past several weeks, we've been following the technical path of Citrix Systems shares. As of our most recent look from April 18, the stock had just bumped into its 50-day moving average line to remain stuck below the lower edge of a near-term converging wedge pattern.CTXS has remained in that downtrend in the meantime, briefly toying with a break under a horizontal support level before recovering in late April. As of yesterday though, that floor has once again been tested and the bulls aren't nearly as keen at staging a rebound effort. Click to Enlarge * The horizontal support line in question is right around $98, plotted in green on both stock charts. * Although it's technically back above that floor thanks to yesterday's partial bounceback, notice how much resistance is being supplied by the purple 50-day moving average line. * Zooming out to the weekly chart it's easy to see that Citrix Systems shares have already broken below the long-term support level that had tagged the major lows going back to the early 2016 bottom.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Strong Buy Stocks That Tick All the Boxes * 7 Stocks to Buy From the T. Rowe Price Health Sciences Fund * 5 Tech ETFs to Plug In to Big Profits Compare Brokers The post 3 Big Stock Charts for Tuesday: NRG Energy, Citrix Systems and General Electric appeared first on InvestorPlace.
One of the best ways to make money over time is to purchase shares that don't fully reflect the long-term value already created via growth in fundamentals. Despite those stellar numbers, recent stock price weakness had left AMG's decade-long stock price total return at just 62.6%, versus a gigantic 617% move higher in EPS. It is almost always arbitraged away by seeing the share price catch up to the true value that has already been earned.
Asset manager Affiliated Managers Group Inc. is promoting its president and chief financial officer to CEO, after another executive briefly served in the role following long-time CEO Sean Healey’s amyotrophic lateral sclerosis, or ALS, diagnosis. Jay Horgen, who has been with AMG since 2007, is set to take over as CEO following the company’s annual meeting in Beverly on May 29, according to a statement Monday. Horgen will replace Nathaniel Dalton, another longtime AMG executive, who will stay with the company in the roles of senior adviser and director.
Shares of Affiliated Managers Group Inc. tumbled 11% in midday trade, enough to pace all of the S&P 500's decliners, after the asset management company swung to a first-quarter net loss, and said its chief executive was stepping down after a year in the role. The company reported before the open a net loss of $200.8 million, or $3.87 a share, after a profit of $153.0 million, or $2.77 a share, in the same period a year ago. The company said the net loss includes a non-recurring expense of $415 million to reflect the reduction in carrying value of an investment in a U.S. credit alternative manager. Economic earnings per share fell to $3.26 from $3.92, reflecting the "significant market declines" in the fourth quarter, but matched the FactSet EPS consensus of $3.26. Revenue fell to $543.1 million from $612.4 million, topping the FactSet consensus of $542.3 million. Assets under management declined to $774.2 billion as of March 31 from $830.9 billion as of March 31, 2018. Separately, the company named Chief Financial Officer Jay Horgen as CEO, with current CEO Nathaniel Dalton will become senior advisor and remain on the board of directors. Dalton became CEO in May 2018. The stock has gained 1.4% year to date, while the SPDR Financial Select Sector ETF has run up 17% and the S&P 500 has gained 16%.
Jay Horgen, the current president and chief financial officer, will take the helm after the shareholder meeting at the end of May.
The West Palm Beach, Florida-based company reported a net loss of $200.8 million. Analysts polled by Zacks Investment Research were expecting the company to report adjusted earnings of $3.27 per share on revenue of $535 million. "AMG generated Economic earnings per share of $3.26 in the first quarter of 2019, reflecting the effect of significant market declines in the fourth quarter of 2018, which impacted average AUM and performance fee generation in the first quarter," stated Nathaniel Dalton, CEO of AMG.
Lower revenues and decline in assets under management balance hurt Affiliated Managers' (AMG) Q1 earnings. The company announces a deal to acquire equity stake in Garda Capital.
Affiliated Managers (AMG) delivered earnings and revenue surprises of -0.31% and 1.52%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the West Palm Beach, Florida-based company said it had a loss of $3.87. Earnings, adjusted for one-time gains and costs, were $3.26 per share. The results did not meet Wall Street ...
Company Announces Appointment of Jay C. Horgen as Chief Executive Officer;Announces Investment in Garda Capital Partners;Reports EPS of $(3.87), Economic EPS of $3.26 WEST PALM.
Affiliated Managers Group, Inc. (AMG), a global asset management company, has entered into a definitive agreement to acquire an equity interest in Garda Capital Partners LP. After the closing of the transaction, the senior partners of Garda will continue to hold a majority of the equity of the business and direct the firm’s day-to-day operations. With approximately $4 billion in assets under management as of April 30, 2019, Garda is a leading alternative investment manager specializing in fixed income relative value strategies and is headquartered in Minneapolis, MN.
Affiliated Managers Group, Inc. (AMG) today announced the appointment of Jay C. Horgen as Chief Executive Officer, effective following the Company’s 2019 Annual Meeting of Stockholders, at which time Nathaniel Dalton, current Chief Executive Officer, will become Senior Advisor to the Company and remain on the Board of Directors. Mr. Horgen will also continue to serve as President and will join the Board of Directors. Mr. Horgen is President and Chief Financial Officer of the Company.
is expected to report quarterly earnings of $3.26 a share on sales of $542.3 million before the market opens on Monday, based on a FactSet survey of 9 analysts. Affiliated Managers Group Inc. is one of the companies Real Money's Paul Price is watching closely. To find out more about how you can profit from Paul Price's investment ideas, please click here.
Affiliated Managers (AMG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Affiliated Managers' (AMG) top line in the first quarter of 2019 is likely to benefit from past equity investments in asset management companies.
Moody's Investors Service ("Moody's") has affirmed the ratings assigned to Affiliated Managers Group, Inc.'s ("AMG") senior unsecured (domestic) and junior subordinate (domestic) debt, as well as ratings assigned to its multiple seniority shelf registration. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
Teleconference Scheduled for 8:30 a.m. Eastern Time WEST PALM BEACH, Fla., April 29, 2019 -- Affiliated Managers Group, Inc. (NYSE: AMG) will report financial and operating.
Cadence's (CADE) Q1 earnings are expected to benefit from higher interest income and rise in card fees. Yet, increase in expenses might offset the benefits.