Summary:
- Affiliated Managers Group (AMG, Financial) is set to acquire a minority stake in Verition Fund Management by Q2 2025.
- Analysts provide an optimistic price target for AMG, suggesting a potential 19.80% upside.
- AMG is recommended as an "Outperform" by brokerage firms, with a current GF Value estimate showing a slight upside.
Affiliated Managers Group (AMG) has announced its strategic decision to purchase a minority stake in Verition Fund Management, which currently manages assets worth $12.6 billion. Scheduled for completion by Q2 2025, this acquisition deal allows Verition to maintain its operational autonomy while continuing to deliver consistent returns marked by low volatility.
Wall Street Analysts Forecast
Wall Street analysts have presented their one-year price targets for Affiliated Managers Group Inc (AMG, Financial), revealing an average target price of $187.00. This projection encompasses a high estimate of $200.00 and a low estimate of $168.00, illustrating a promising upside potential of 19.80% from the current price of $156.09. Investors seeking in-depth details can visit the Affiliated Managers Group Inc (AMG) Forecast page.
The consensus recommendation from six brokerage firms places AMG's average brokerage recommendation at 2.2, designating an "Outperform" status. This rating sits on a scale from 1 to 5, where 1 signifies a Strong Buy, and 5 indicates a Sell.
GF Value Estimation
According to GuruFocus, the estimated GF Value for Affiliated Managers Group Inc (AMG, Financial) in the coming year stands at $159.49. This estimation indicates a potential upside of 2.18% from the current price of $156.09. The GF Value metric represents GuruFocus' assessment of the fair trading value for the stock, derived from its historical trading multiples, past business growth, and future performance forecasts. Investors can access further data on the Affiliated Managers Group Inc (AMG) Summary page.
