
Affiliated Managers (AMG) Stock Forecast & Price Target
Affiliated Managers (AMG) Analyst Ratings
Bulls say
Affiliated Managers Group reported aggregate assets under management of $728.4 billion as of September 30, 2024, reflecting a 14.6% year-over-year increase and surpassing expectations of $701.2 billion. The firm achieved an economic net income of $153.2 million, an increase of 2.5% from the prior year, which aligns closely with consensus estimates, while economic EPS rose by 18.1% to $4.82, benefiting from share repurchases. Furthermore, AMG's strategic shift towards Alternatives—coupled with a strengthened long-term organic growth profile—positions the company favorably for continued improvement in flow trends despite current equity market challenges.
Bears say
Affiliated Managers Group reported a 1.7% decrease in revenues for the third quarter, falling to $516.4 million, which underperformed against internal estimates and market consensus. Adjusted EBITDA also decreased by 4.9%, resulting in a margin contraction, indicating potential operational inefficiencies. Furthermore, economic net income declined significantly by 15.3%, highlighting the challenges the firm faces in maintaining profitability amidst decreased performance fees and overall revenue constraints.
This aggregate rating is based on analysts' research of Affiliated Managers and is not a guaranteed prediction by Public.com or investment advice.
Affiliated Managers (AMG) Analyst Forecast & Price Prediction
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