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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 0.69
AMG's Cash to Debt is ranked lower than
56% of the 1394 Companies
in the Global Asset Management industry.

( Industry Median: 10000.00 vs. AMG: 0.69 )
AMG' s 10-Year Cash to Debt Range
Min: 0.06   Max: No Debt
Current: 0.69

Equity to Asset 0.38
AMG's Equity to Asset is ranked lower than
61% of the 1541 Companies
in the Global Asset Management industry.

( Industry Median: 0.81 vs. AMG: 0.38 )
AMG' s 10-Year Equity to Asset Range
Min: 0.14   Max: 0.66
Current: 0.38

0.14
0.66
Interest Coverage 7.26
AMG's Interest Coverage is ranked lower than
62% of the 1287 Companies
in the Global Asset Management industry.

( Industry Median: 2003.83 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: 6
Z-Score: 2.99
M-Score: -3.16
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 : 8/10

vs
industry
vs
history
Operating margin (%) 31.24
AMG's Operating margin (%) is ranked higher than
56% of the 1589 Companies
in the Global Asset Management industry.

( Industry Median: 51.71 vs. AMG: 31.24 )
AMG' s 10-Year Operating margin (%) Range
Min: 14.09   Max: 40.99
Current: 31.24

14.09
40.99
Net-margin (%) 17.85
AMG's Net-margin (%) is ranked higher than
52% of the 1591 Companies
in the Global Asset Management industry.

( Industry Median: 46.96 vs. AMG: 17.85 )
AMG' s 10-Year Net-margin (%) Range
Min: -8.81   Max: 16.47
Current: 17.85

-8.81
16.47
ROE (%) 18.73
AMG's ROE (%) is ranked higher than
88% of the 1620 Companies
in the Global Asset Management industry.

( Industry Median: 7.97 vs. AMG: 18.73 )
AMG' s 10-Year ROE (%) Range
Min: -5.66   Max: 37.58
Current: 18.73

-5.66
37.58
ROA (%) 6.70
AMG's ROA (%) is ranked higher than
71% of the 1639 Companies
in the Global Asset Management industry.

( Industry Median: 4.60 vs. AMG: 6.70 )
AMG' s 10-Year ROA (%) Range
Min: -3.01   Max: 9.54
Current: 6.7

-3.01
9.54
ROC (Joel Greenblatt) (%) 830.67
AMG's ROC (Joel Greenblatt) (%) is ranked higher than
86% of the 1068 Companies
in the Global Asset Management industry.

( Industry Median: 82.78 vs. AMG: 830.67 )
AMG' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 297.37   Max: 1057.67
Current: 830.67

297.37
1057.67
Revenue Growth (%) 12.00
AMG's Revenue Growth (%) is ranked higher than
81% of the 1009 Companies
in the Global Asset Management industry.

( Industry Median: 1.10 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
85% of the 868 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 883 Companies
in the Global Asset Management industry.

( Industry Median: 3.40 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

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
Q1 2014

AMG Guru Trades in Q1 2014

Ray Dalio 3,026 sh (New)
Jim Simons 128,574 sh (New)
Paul Tudor Jones 2,938 sh (New)
RS Investment Management 39,831 sh (+33.47%)
Pioneer Investments 230,404 sh (+0.32%)
George Soros 10,000 sh (unchged)
Ken Fisher 7,170 sh (-12.57%)
Chuck Royce 268,926 sh (-49.85%)
Jeremy Grantham 9,473 sh (-52.57%)
Steven Cohen 2,221 sh (-76.21%)
» More
Q2 2014

AMG Guru Trades in Q2 2014

George Soros 93,000 sh (+830%)
RS Investment Management 60,674 sh (+52.33%)
Steven Cohen 30,200 sh (unchged)
Ken Fisher 7,170 sh (unchged)
Ray Dalio Sold Out
Paul Tudor Jones Sold Out
Jeremy Grantham Sold Out
Jim Simons 122,000 sh (-5.11%)
Pioneer Investments 205,169 sh (-10.95%)
Chuck Royce 39,126 sh (-85.45%)
» More
Q3 2014

AMG Guru Trades in Q3 2014

Jeremy Grantham 16,500 sh (New)
Ray Dalio 1,326 sh (New)
Paul Tudor Jones 1,448 sh (New)
Ken Fisher 12,880 sh (+79.64%)
Pioneer Investments 264,154 sh (+28.75%)
Chuck Royce 39,126 sh (unchged)
Steven Cohen Sold Out
RS Investment Management 53,878 sh (-11.2%)
George Soros 63,330 sh (-31.9%)
Jim Simons 44,500 sh (-63.52%)
» More
» Details

Insider Trades

Latest Guru Trades with AMG

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2014-09-30 Reduce -31.9%0.04%$193.53 - $213.23 $ 202.54-1%63330
Ken Fisher 2014-09-30 Add 79.64%$193.53 - $213.23 $ 202.54-1%12880
Ray Dalio 2014-09-30 New Buy$193.53 - $213.23 $ 202.54-1%1326
George Soros 2014-06-30 Add 830%0.12%$179.3 - $205.25 $ 202.545%93000
Ray Dalio 2014-06-30 Sold Out $179.3 - $205.25 $ 202.545%0
Ray Dalio 2014-03-31 New Buy$181.94 - $216.88 $ 202.543%3026
George Soros 2013-12-31 Reduce -41.55%0.01%$182.67 - $214.98 $ 202.542%10000
George Soros 2013-09-30 Reduce -48.33%0.03%$161.99 - $188.22 $ 202.5414%17109
Ken Fisher 2013-09-30 Reduce -60.84%0.01%$161.99 - $188.22 $ 202.5414%8175
Ray Dalio 2013-09-30 Sold Out 0.01%$161.99 - $188.22 $ 202.5414%0
Meridian Funds 2013-06-30 Add 7.82%0.17%$144.06 - $170.04 $ 202.5428%386000
George Soros 2013-06-30 Add 334.56%0.05%$144.06 - $170.04 $ 202.5428%33109
Ray Dalio 2013-06-30 New Buy0.01%$144.06 - $170.04 $ 202.5428%3762
George Soros 2013-03-31 New Buy0.01%$130.15 - $155.18 $ 202.5439%7619
Ken Fisher 2012-12-31 Add 20.13%$120.76 - $132.3 $ 202.5460%23960
Ken Fisher 2012-09-30 New Buy0.01%$103.33 - $127.59 $ 202.5476%19945
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 Inc - Jun 19, 2014

Affiliated Managers Group, Inc. (AMG) is an asset management company that invests in boutique asset management firms. The stock generated substantial returns during the period due to a favorable market environment, strong performance by many of its affiliated managers, and healthy inflows into the managers’ investment products. Inflows over the trailing 12-month period ending September 30, 2013 exceeded $40B and assets under management reached $508B. Like LKQ, we reduced the Fund’s position in Affiliated Managers Group as it approached our price target and as its market capitalization grew to exceed our $10 billion threshold used to determine when to exit positions.



From Meridian Funds's semi-annual report ended December 31, 2013.



Check out Meridian Funds latest stock trades

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

Meridian Funds Comments on Affiliated Managers Group Inc
Affiliated Managers Group, Inc. (AMG) is an asset management company that invests in boutique asset management firms. The stock generated substantial returns during the period due to a favorable market environment, strong performance by many of its affiliated managers, and healthy inflows into the managers’ investment products. Inflows over the trailing 12-month period ending September 30, 2013 exceeded $40B and assets under management reached $508B. Like LKQ, we reduced the Fund’s position in Affiliated Managers Group as it approached our price target and as its market capitalization grew to exceed our $10 billion threshold used to determine when to exit positions. Read more...
Weekly CFO Sells Highlight: Affiliated Managers Group Inc., Gilead Sciences Inc., L-3 Communications Holdings Inc.
According to GuruFocus Insider Data, the recent CFO sales were: Affiliated Managers Group Inc., Gilead Sciences Inc. and L-3 Communications Holdings Inc. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 26.90
AMG's P/E(ttm) is ranked higher than
64% of the 1817 Companies
in the Global Asset Management industry.

( Industry Median: 21.30 vs. AMG: 26.90 )
AMG' s 10-Year P/E(ttm) Range
Min: 4.8   Max: 53.74
Current: 26.9

4.8
53.74
P/B 4.33
AMG's P/B is ranked lower than
51% of the 1817 Companies
in the Global Asset Management industry.

( Industry Median: 1.07 vs. AMG: 4.33 )
AMG' s 10-Year P/B Range
Min: 0.65   Max: 8.22
Current: 4.33

0.65
8.22
P/S 4.75
AMG's P/S is ranked higher than
79% of the 1817 Companies
in the Global Asset Management industry.

( Industry Median: 8.76 vs. AMG: 4.75 )
AMG' s 10-Year P/S Range
Min: 0.57   Max: 5.6
Current: 4.75

0.57
5.6
PFCF 9.72
AMG's PFCF is ranked higher than
95% of the 1817 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. AMG: 9.72 )
AMG' s 10-Year PFCF Range
Min: 2.46   Max: 26.67
Current: 9.72

2.46
26.67
EV-to-EBIT 16.26
AMG's EV-to-EBIT is ranked higher than
75% of the 1817 Companies
in the Global Asset Management industry.

( Industry Median: 23.05 vs. AMG: 16.26 )
AMG' s 10-Year EV-to-EBIT Range
Min: 3.4   Max: 24.2
Current: 16.26

3.4
24.2
PEG 1.25
AMG's PEG is ranked higher than
94% of the 1817 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. AMG: 1.25 )
AMG' s 10-Year PEG Range
Min: 0.19   Max: 42.73
Current: 1.25

0.19
42.73
Shiller P/E 61.74
AMG's Shiller P/E is ranked higher than
74% of the 1817 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. AMG: 61.74 )
AMG' s 10-Year Shiller P/E Range
Min: 5.95   Max: 76.47
Current: 61.74

5.95
76.47
Current Ratio 1.92
AMG's Current Ratio is ranked higher than
55% of the 1081 Companies
in the Global Asset Management industry.

( Industry Median: 2.75 vs. AMG: 1.92 )
AMG' s 10-Year Current Ratio Range
Min: 0.44   Max: 5.35
Current: 1.92

0.44
5.35
Quick Ratio 1.92
AMG's Quick Ratio is ranked higher than
57% of the 1081 Companies
in the Global Asset Management industry.

( Industry Median: 2.70 vs. AMG: 1.92 )
AMG' s 10-Year Quick Ratio Range
Min: 0.44   Max: 5.35
Current: 1.92

0.44
5.35

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 0.94
AMG's Price/DCF (Projected) is ranked higher than
90% of the 1817 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. AMG: 0.94 )
AMG' s 10-Year Price/DCF (Projected) Range
Min: 0.36   Max: 2.14
Current: 0.94

0.36
2.14
Price/Median PS Value 1.29
AMG's Price/Median PS Value is ranked higher than
71% of the 1817 Companies
in the Global Asset Management industry.

( Industry Median: 1.48 vs. AMG: 1.29 )
AMG' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.52
Current: 1.29

0.4
1.52
Price/Peter Lynch Fair Value 1.33
AMG's Price/Peter Lynch Fair Value is ranked higher than
94% of the 1817 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. AMG: 1.33 )
AMG' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.75   Max: 6.51
Current: 1.33

0.75
6.51
Earnings Yield (Greenblatt) 6.20
AMG's Earnings Yield (Greenblatt) is ranked higher than
72% of the 1571 Companies
in the Global Asset Management industry.

( Industry Median: 5.30 vs. AMG: 6.20 )
AMG' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.1   Max: 29.7
Current: 6.2

4.1
29.7
Forward Rate of Return (Yacktman) 27.44
AMG's Forward Rate of Return (Yacktman) is ranked higher than
87% of the 632 Companies
in the Global Asset Management industry.

( Industry Median: 7.29 vs. AMG: 27.44 )
AMG' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -4.5   Max: 55
Current: 27.44

-4.5
55

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 formed 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 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, fund marketplaces and bank trust departments. Through its 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. AMG Wealth Partners to extend and tailor its 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 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.
» More Articles for AMG

Headlines

Articles On GuruFocus.com
Size and Scale of Affiliated Managers' Operations Will Increase Oct 03 2014 
S&P 500 Finishes Above 2,000 Aug 27 2014 
Weekly CFO Sells Highlight: Equity Residential, Affiliated Managers Group Inc, CVS Caremark Corp. Aug 10 2014 
Meridian Funds Comments on Affiliated Managers Group Inc Jun 19 2014 
Weekly CFO Sells Highlight: Affiliated Managers Group Inc., Gilead Sciences Inc., L-3 Communications May 19 2014 
Eight Gurus Hold, Three Reduce AMG – A Collective of Investment Talent Aug 27 2013 
Meridian Funds Comments on Affiliated Managers Group May 23 2013 
Meridian Funds Third Quarter 2013 Report May 23 2013 
comment on AMG Feb 03 2013 
comment on AMG Feb 03 2013 

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