How to Buy Affiliated Managers Group Stock
Affiliated Managers Group Inc
Affiliated Managers Group is a asset management company located in Florida, United States, which is part of the Financial Services sector, and is traded under the ticker AMG on the NYSE exchange.
Affiliated Managers Group stock last closed at $132.12, down 0.14% from the previous day, and has decreased 14.82% in one year. It has underperformed other stocks in the Asset Management industry by 0.14 percentage points. Affiliated Managers Group stock is currently +9.9% from its 52-week low of $120.22, and -26.86% from its 52-week high of $180.63.
As of Nov 28, 2023, there are 33.81M shares of AMG outstanding. The market cap of AMG is $4.47B. In the past 24 hours, 189,324 AMG shares were traded.
How to Buy Affiliated Managers Group Stock
Wondering how to invest in Affiliated Managers Group stock? Here's how.
- Decide where to buy Affiliated Managers Group stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Affiliated Managers Group stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Select your payment method and add your info.
- Evaluate Affiliated Managers Group stock: The Affiliated Managers Group ticker symbol is AMG. Is Affiliated Managers Group stock a good investment? Should you buy shares of AMG? How do AMG's underlying business fundamentals look? Do top analysts think Affiliated Managers Group is a good buy? Why has AMG's stock price moved recently? (Hint: Our stock research website can help you understand if AMG is a good stock to buy).
- Make your AMG trade: Decide if you will purchase AMG shares at the current market price or use a limit order to purchase AMG stock at a given price.
- Track your AMG position: Create a watchlist to keep track of your investment in Affiliated Managers Group shares.
Step 1: Decide where to buy Affiliated Managers Group stock
You need an online brokerage account in order to access the NYSE market and buy AMG stock.
Our favorite brokerage: eToro
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Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal info so you are able to buy AMG stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create your new trading account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've opened your account on the best stock market app for beginners, you need to deposit funds:
Check out the tutorial below for more details transferring funds into your brokerage account.
Step 4: Evaluate Affiliated Managers Group stock
Once you have figured out the best place to buy Affiliated Managers Group stock, it's very important to research their stock before you invest, so you can wrap your head around the risk and upside.
Affiliated Managers Group stock at a glance
Affiliated Managers Group Due Diligence Checks
WallStreetZen was designed to help average investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on AMG's stock page.
What is the fair value of AMG stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge AMG's fair value.
Using relative valuations methods:
- AMG may be undervalued based on its P/E ratio of 3.92x, relative to Asset Management industry P/E ratio of -106.89x
- AMG may be undervalued based on its P/B ratio of 1.28x, relative to Asset Management industry P/B ratio of 2.08x
You can do more valuation research on AMG's stock here.
AMG Financial Health Overview
Signs that AMG is financially healthy:
- AMG profit margin has gone up from 22% to 59.9% in the past year.
- AMG's operating cash flow of $876.70M allows it to safely service it's debt of $2.54B.
- AMG earnings of $1.76B is not enough to cover its interest payments.
Signs that AMG is not financially healthy:
- Total AMG debt is higher than 5 years ago, relative to shareholder equity.
- AMG has a relatively high debt to equity ratio of 1.18.
Is it a good time to buy AMG stock, according to analysts?
Out of 3 sell side analysts who monitor AMG, the consensus analyst rating on Affiliated Managers Group is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Affiliated Managers Group stock forecast page.
AMG Trading Indicators
AMG Performance Metrics
Last year, AMG earnings were $1.25B. During the last five year, AMG's earnings have increased by 21.07% per year. This was faster than the Asset Management industry average of 6.09%.
Last year, AMG revenue was $2.09B. During the past five year, AMG's revenue has gone up by -2.83% per year. This was slower than the Asset Management industry average of 13.78%.
Find out more about AMG's earnings and revenue performance here.
Who is buying/selling AMG?
Over the past 12 months, executives and large shareholders at AMG have sold more shares than they have bought.
Karen L. Alvingham, Director of AMG, was the latest AMG insider to sell. They sold $7,716.32 worth of AMG shares on Aug 15, 2023.
Get more info about who owns AMG stock here.
Can I get consistent income from AMG stock?
Affiliated Managers Group pays a dividend of 0.03%, compared to the Asset Management industry's average dividend yield of 6.84%. If you owned $1,000 worth of AMG stock, you would have been paid $0.30 last year.
Affiliated Managers Group dividend payments have not consistently grown over the past 7 years and have not remained stable.
Find more analysis about Affiliated Managers Group dividend yield and history here.
What do other traders have to say about AMG?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your AMG trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, use a limit order.
Hit the Open button and eToro will execute the order.
If you want additional help investing in stocks on eToro, click the helpful video below:
Step 6: Track your AMG position
Now that you own some shares in AMG, you'll want to keep up with your new shares.
Create a watchlist to monitor your AMG stock.
AMG Feed
How to Buy Stock in Affiliated Managers Group
To summarize, here are the 6 steps to buy stock in Affiliated Managers Group:
- Decide where to buy Affiliated Managers Group stock
- Open your brokerage account
- Put funds into your investment account
- Evaluate Affiliated Managers Group stock
- Make your AMG trade
- Track your AMG position
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Affiliated Managers Group, click below.
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