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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.57
AMG's Cash to Debt is ranked lower than
61% of the 1088 Companies
in the Global Asset Management industry.

( Industry Median: 10000.00 vs. AMG: 0.57 )
AMG' s 10-Year Cash to Debt Range
Min: 0.06   Max: 2.04
Current: 0.57

0.06
2.04
Equity to Asset 0.34
AMG's Equity to Asset is ranked lower than
63% of the 1194 Companies
in the Global Asset Management industry.

( Industry Median: 0.82 vs. AMG: 0.34 )
AMG' s 10-Year Equity to Asset Range
Min: 0.14   Max: 0.62
Current: 0.34

0.14
0.62
Interest Coverage 7.26
AMG's Interest Coverage is ranked lower than
62% of the 1019 Companies
in the Global Asset Management industry.

( Industry Median: 418.25 vs. AMG: 7.26 )
AMG' s 10-Year Interest Coverage Range
Min: 2.63   Max: 18.02
Current: 7.26

2.63
18.02
F-Score: 7
Z-Score: 2.73
M-Score: -2.85
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry
vs
history
Operating margin (%) 28.97
AMG's Operating margin (%) is ranked higher than
57% of the 1211 Companies
in the Global Asset Management industry.

( Industry Median: 46.76 vs. AMG: 28.97 )
AMG' s 10-Year Operating margin (%) Range
Min: 14.09   Max: 40.99
Current: 28.97

14.09
40.99
Net-margin (%) 16.47
AMG's Net-margin (%) is ranked higher than
52% of the 1221 Companies
in the Global Asset Management industry.

( Industry Median: 45.43 vs. AMG: 16.47 )
AMG' s 10-Year Net-margin (%) Range
Min: -8.81   Max: 16.47
Current: 16.47

-8.81
16.47
ROE (%) 16.89
AMG's ROE (%) is ranked higher than
83% of the 1270 Companies
in the Global Asset Management industry.

( Industry Median: 7.95 vs. AMG: 16.89 )
AMG' s 10-Year ROE (%) Range
Min: -6.49   Max: 38.78
Current: 16.89

-6.49
38.78
ROA (%) 5.71
AMG's ROA (%) is ranked higher than
67% of the 1283 Companies
in the Global Asset Management industry.

( Industry Median: 4.32 vs. AMG: 5.71 )
AMG' s 10-Year ROA (%) Range
Min: -2.37   Max: 7.94
Current: 5.71

-2.37
7.94
ROC (Joel Greenblatt) (%) 687.00
AMG's ROC (Joel Greenblatt) (%) is ranked higher than
88% of the 797 Companies
in the Global Asset Management industry.

( Industry Median: 56.19 vs. AMG: 687.00 )
AMG' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 148.68   Max: 1136.68
Current: 687

148.68
1136.68
Revenue Growth (%) 12.00
AMG's Revenue Growth (%) is ranked higher than
79% of the 762 Companies
in the Global Asset Management industry.

( Industry Median: 2.00 vs. AMG: 12.00 )
AMG' s 10-Year Revenue Growth (%) Range
Min: -21.6   Max: 44.6
Current: 12

-21.6
44.6
EBITDA Growth (%) 22.40
AMG's EBITDA Growth (%) is ranked higher than
84% of the 677 Companies
in the Global Asset Management industry.

( Industry Median: 1.40 vs. AMG: 22.40 )
AMG' s 10-Year EBITDA Growth (%) Range
Min: -17.3   Max: 68.6
Current: 22.4

-17.3
68.6
EPS Growth (%) 31.30
AMG's EPS Growth (%) is ranked higher than
87% of the 669 Companies
in the Global Asset Management industry.

( Industry Median: 3.60 vs. AMG: 31.30 )
AMG' s 10-Year EPS Growth (%) Range
Min: -25.8   Max: 51.2
Current: 31.3

-25.8
51.2
» AMG's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

AMG Guru Trades in Q1 2013

George Soros 7,619 sh (New)
Pioneer Investments 25,000 sh (New)
Jim Simons 79,200 sh (+588.7%)
Jeremy Grantham 14,200 sh (+491.67%)
Steven Cohen 9,648 sh (+124.37%)
Louis Moore Bacon Sold Out
Ken Fisher 23,952 sh (-0.03%)
Meridian Funds 358,000 sh (-9.6%)
RS Investment Management 36,290 sh (-17.62%)
Chuck Royce 991,473 sh (-19.37%)
» More
Q2 2013

AMG Guru Trades in Q2 2013

Ray Dalio 3,762 sh (New)
George Soros 33,109 sh (+334.56%)
Pioneer Investments 51,500 sh (+106%)
Jeremy Grantham 21,700 sh (+52.82%)
Meridian Funds 386,000 sh (+7.82%)
Ken Fisher 20,875 sh (-12.85%)
Chuck Royce 837,223 sh (-15.56%)
RS Investment Management 25,360 sh (-30.12%)
Steven Cohen 1,400 sh (-85.49%)
Jim Simons 1,700 sh (-97.85%)
» More
Q3 2013

AMG Guru Trades in Q3 2013

Pioneer Investments 199,371 sh (+287.13%)
Steven Cohen 2,970 sh (+112.14%)
Jeremy Grantham 23,500 sh (+8.29%)
Ray Dalio Sold Out
Jim Simons Sold Out
RS Investment Management 23,850 sh (-5.95%)
Chuck Royce 687,886 sh (-17.84%)
George Soros 17,109 sh (-48.33%)
Ken Fisher 8,175 sh (-60.84%)
» More
Q4 2013

AMG Guru Trades in Q4 2013

Steven Cohen 9,335 sh (+214.31%)
RS Investment Management 29,842 sh (+25.12%)
Pioneer Investments 229,676 sh (+15.2%)
Ken Fisher 8,201 sh (+0.32%)
Jeremy Grantham 19,973 sh (-15.01%)
Chuck Royce 536,226 sh (-22.05%)
George Soros 10,000 sh (-41.55%)
» More
» Details

Insider Trades

Latest Guru Trades with AMG

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2013-12-31 Reduce -41.55%0.01%$182.67 - $214.98 $ 186.64-6%10000
George Soros 2013-09-30 Reduce -48.33%0.03%$161.99 - $188.22 $ 186.645%17109
Ray Dalio 2013-09-30 Sold Out 0.01%$161.99 - $188.22 $ 186.645%0
Meridian Funds 2013-06-30 Add 7.82%0.17%$144.06 - $170.04 $ 186.6418%386000
George Soros 2013-06-30 Add 334.56%0.05%$144.06 - $170.04 $ 186.6418%33109
Ray Dalio 2013-06-30 New Buy0.01%$144.06 - $170.04 $ 186.6418%3762
George Soros 2013-03-31 New Buy0.01%$130.15 - $155.18 $ 186.6428%7619
Meridian Funds 2011-03-31 Add 6.33%0.11%$98.41 - $112.2 $ 186.6480%576179
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Affiliated Managers Group Inc

Meridian Funds Comments on Affiliated Managers Group - May 23, 2013

Affiliated Managers Group (AMG), one of our largest holdings, is an asset management company that typically acquires a significant ownership in growing boutique investment firms while retaining key investment principals to continue managing the investment portfolios. Among many asset managers, the company is viewed as a preferred acquisition partner given its long term track record in growing acquired firms and providing an attractive incentive structure. Affiliated Managers has numerous growth drivers that, we believe, should enable it to grow faster than the industry including continued acquisition of new firms, further penetration into international markets, and expansion into new services such as wealth management. In our opinion the stock sells at a reasonable valuation given the company's strong management team, financial returns and long-term growth prospects.

From Meridian Fundscommentary on the quarter ended March 31, 2013.


Check out Meridian Funds latest stock trades

Top Ranked Articles about Affiliated Managers Group Inc

Eight Gurus Hold, Three Reduce AMG – A Collective of Investment Talent
Affiliated Managers Group Inc. (AMG) may become the ultimate guru, the guru that contains many other wise gurus within itself. Read more...
Meridian Funds Comments on Affiliated Managers Group
Affiliated Managers Group (AMG), one of our largest holdings, is an asset management company that typically acquires a significant ownership in growing boutique investment firms while retaining key investment principals to continue managing the investment portfolios. Among many asset managers, the company is viewed as a preferred acquisition partner given its long term track record in growing acquired firms and providing an attractive incentive structure. Affiliated Managers has numerous growth drivers that, we believe, should enable it to grow faster than the industry including continued acquisition of new firms, further penetration into international markets, and expansion into new services such as wealth management. In our opinion the stock sells at a reasonable valuation given the company's strong management team, financial returns and long-term growth prospects. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 30.00
AMG's P/E(ttm) is ranked lower than
61% of the 969 Companies
in the Global Asset Management industry.

( Industry Median: 12.20 vs. AMG: 30.00 )
AMG' s 10-Year P/E(ttm) Range
Min: 4.8   Max: 53.74
Current: 30

4.8
53.74
P/B 4.63
AMG's P/B is ranked lower than
75% of the 1193 Companies
in the Global Asset Management industry.

( Industry Median: 0.98 vs. AMG: 4.63 )
AMG' s 10-Year P/B Range
Min: 0.65   Max: 8.22
Current: 4.63

0.65
8.22
P/S 4.87
AMG's P/S is ranked higher than
56% of the 1233 Companies
in the Global Asset Management industry.

( Industry Median: 5.21 vs. AMG: 4.87 )
AMG' s 10-Year P/S Range
Min: 0.57   Max: 5.6
Current: 4.87

0.57
5.6
PFCF 11.35
AMG's PFCF is ranked higher than
75% of the 719 Companies
in the Global Asset Management industry.

( Industry Median: 18.59 vs. AMG: 11.35 )
AMG' s 10-Year PFCF Range
Min: 2.46   Max: 26.67
Current: 11.35

2.46
26.67
EV-to-EBIT 17.17
AMG's EV-to-EBIT is ranked higher than
51% of the 993 Companies
in the Global Asset Management industry.

( Industry Median: 13.50 vs. AMG: 17.17 )
AMG' s 10-Year EV-to-EBIT Range
Min: 2.7   Max: 22.2
Current: 17.17

2.7
22.2
PEG 1.38
AMG's PEG is ranked higher than
54% of the 296 Companies
in the Global Asset Management industry.

( Industry Median: 0.97 vs. AMG: 1.38 )
AMG' s 10-Year PEG Range
Min: 0.19   Max: 42.73
Current: 1.38

0.19
42.73
Shiller P/E 65.85
AMG's Shiller P/E is ranked lower than
70% of the 629 Companies
in the Global Asset Management industry.

( Industry Median: 19.00 vs. AMG: 65.85 )
AMG' s 10-Year Shiller P/E Range
Min: 5.95   Max: 75.93
Current: 65.85

5.95
75.93

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.14
AMG's Price/DCF (Projected) is ranked higher than
57% of the 684 Companies
in the Global Asset Management industry.

( Industry Median: 1.10 vs. AMG: 1.14 )
AMG' s 10-Year Price/DCF (Projected) Range
Min: 0.36   Max: 1.97
Current: 1.14

0.36
1.97
Price/Median PS Value 1.35
AMG's Price/Median PS Value is ranked lower than
56% of the 1017 Companies
in the Global Asset Management industry.

( Industry Median: 1.10 vs. AMG: 1.35 )
AMG' s 10-Year Price/Median PS Value Range
Min: 0.41   Max: 1.57
Current: 1.35

0.41
1.57
Price/Peter Lynch Fair Value 1.24
AMG's Price/Peter Lynch Fair Value is ranked lower than
54% of the 148 Companies
in the Global Asset Management industry.

( Industry Median: 0.80 vs. AMG: 1.24 )
AMG' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.32   Max: 6.51
Current: 1.24

1.32
6.51
Earnings Yield (Greenblatt) 5.80
AMG's Earnings Yield (Greenblatt) is ranked higher than
53% of the 1024 Companies
in the Global Asset Management industry.

( Industry Median: 7.60 vs. AMG: 5.80 )
AMG' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.5   Max: 37.3
Current: 5.8

4.5
37.3
Forward Rate of Return (Yacktman) 29.09
AMG's Forward Rate of Return (Yacktman) is ranked higher than
91% of the 916 Companies
in the Global Asset Management industry.

( Industry Median: 1.11 vs. AMG: 29.09 )
AMG' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -4.6   Max: 50.4
Current: 29.09

-4.6
50.4

Business Description

Industry: Asset Management » Asset Management
Compare:AMP, BEN, BLK, BK, TTS » details
Traded in other countries:AFS.Germany
Affiliated Managers Group Inc., was founded in 1993. The Company is an asset management company with equity investments in a group of boutique investment management firms or Affiliates. Its investment approach provides a degree of liquidity and diversification to main owners of boutique investment management firms, and also addresses the succession and ownership transition issues facing many founders and main owners. The Company's partnership approach also ensures that Affiliates maintain operational autonomy in managing their business, thereby preserving their firm's entrepreneurial culture and independence. The Company assists its Affiliates in broadening distribution in the United States and globally, developing new products and providing strategic support and enhanced operational capabilities. In its mutual fund distribution channel, the Company provides advisory or sub-advisory services to mutual funds and other retail-oriented products. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces and bank trust departments. Through its global distribution platform, the Company provides access to the U.S. mutual fund wholesale distribution channel and wrap sponsor platforms, and provide its Affiliates with a single point of contact for retail intermediaries such as banks, brokerage firms and other sponsored platforms. Through its Affiliates, the Company provides advisory services to ultra-high net worth individuals, families and charitable foundations. Direct services to these clients include customized investment counseling, investment management and fiduciary services. In 2011, the Company formed AMG Wealth Partners to extend and tailor its innovative partnership approach to equity investments in ultra-high net worth wealth management firms. Additionally, the Company provides advisory services to high net worth individuals through managed account relationships with intermediaries such as brokerage firms. Through its global distribution platform, the Company provides its Affiliates with enhanced managed account distribution and administration capabilities to individual managed account clients. In each of the Company's three main distribution channels, the Company and its Affiliates compete with a large number of other domestic and foreign investment management firms, as well as subsidiaries of larger financial organizations. The Company's Affiliates' businesses are subject to complex and extensive regulation by various regulatory authorities in jurisdictions around the world.

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