Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Affiliated Managers Group, Inc. before investing.

In this article, we go over a few key elements for understanding Affiliated Managers Group, Inc.’s stock price such as:

• Affiliated Managers Group, Inc.’s current stock price and volume
• Why Affiliated Managers Group, Inc.’s stock price changed recently
• Upgrades and downgrades for AMG from analysts
• AMG’s stock price momentum as measured by its relative strength

About Affiliated Managers Group, Inc. (AMG)

Before we jump into Affiliated Managers Group, Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Affiliated Managers Group, Inc. is a global independent investment management company. The Company is focused on investing in a range of partner-owned investment firms, known as Affiliates. Its Affiliates provide a diverse range of differentiated investment strategies designed to assist institutional and wealth clients worldwide in achieving their investment objectives. Its Affiliates also provide investment management and customized investment counseling and fiduciary services to high-net worth individuals and families and institutional clients. Its Affiliates distribute their investment services and products to institutional and wealth clients through direct sales and relationships with consultants and intermediaries around the world through their own business development capabilities. Its Affiliates manage assets for investors in more than 50 countries. It manages its assets across a range of private markets, liquid alternative and differentiated long-only investment strategies.

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Affiliated Managers Group, Inc.’s Stock Price as of Market Close

As of August 02, 2024, 4:00 PM, CST, Affiliated Managers Group, Inc.’s stock price was $169.55.

Affiliated Managers Group, Inc. is down 5.24% from its previous closing price of $178.92.

During the last market session, Affiliated Managers Group, Inc.’s stock traded between $177.58 and $185.71. Currently, there are 32.80 million shares of Affiliated Managers Group, Inc. stock available for purchase.

Affiliated Managers Group, Inc.’s price-earnings (P/E) ratio is currently at 11.3, which is low compared to the Investment Management & Fund Operators industry median of 14.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Affiliated Managers Group, Inc. Stock Price History

Affiliated Managers Group, Inc.’s (AMG) price is currently down 8.66% so far this month.

During the month of August, Affiliated Managers Group, Inc.’s stock price has reached a high of $185.71 and a low of $168.97.

Over the last year, Affiliated Managers Group, Inc. has hit prices as high as $189.81 and as low as $120.22. Year to date, Affiliated Managers Group, Inc.’s stock is up 7.02%.

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What Caused Affiliated Managers Group, Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 01, 2024, there were 2 analysts who downgraded Affiliated Managers Group, Inc.’s stock and 4 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Affiliated Managers Group, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Affiliated Managers Group, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Affiliated Managers Group, Inc.’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Affiliated Managers Group, Inc. (AMG) by visiting AAII Stock Evaluator.

Relative Price Strength of Affiliated Managers Group, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 01, 2024, Affiliated Managers Group, Inc. has a weighted four-quarter relative price strength of 2.16%, which translates to a Momentum Score of 73 and is considered to be Strong.

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Affiliated Managers Group, Inc. Stock Price: Bottom Line

As of August 2, 2024, Affiliated Managers Group, Inc.’s stock price is $169.55, which is down 5.24% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Affiliated Managers Group, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.