Latest news with #AffiliatedManagersGroup
Yahoo
4 days ago
- Business
- Yahoo
Manulife to Acquire Comvest's Private Credit Business from AMG for $285M
Manulife Financial Corporation (NYSE:MFC) is one of the most undervalued Canadian stocks to buy now. On August 6, Affiliated Managers Group Inc. (NYSE:AMG) announced that it agreed to sell its interest in Comvest Partners' private credit business to Manulife Financial Corporation. The transaction is expected to close in Q4 2025, subject to customary closing conditions. Affiliated Managers Group, or simply AMG, is set to receive ~$285 million in total cash for the sale. The company will also retain its interest in Comvest's private equity business, along with an interest in the carry from certain existing private credit funds and a share of Comvest's invested capital in those funds. AMG will also sell its interest in the AMG Comvest Senior Lending Fund joint venture. A bank manager signing off on a loan agreement to a business in her office. For over 25 years, Comvest Partners has focused on providing capital to North American middle-market companies. The partnership between AMG and Comvest began over 5 years ago. At the start of the collaboration, Comvest's private credit business had $2 billion in assets under management/AUM, which grew to $14 billion at the time of the acquisition announcement. Manulife Financial Corporation (NYSE:MFC) provides financial products and services through 3 segments: Wealth & Asset Management Businesses, Insurance & Annuity Products, and Corporate & Other. Affiliated Managers Group Inc. (NYSE:AMG) is an investment management company that provides investment management services to mutual funds, institutional clients, and high-net-worth individuals in the US. While we acknowledge the potential of MFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
02-08-2025
- Business
- Yahoo
Affiliated Managers Group Second Quarter 2025 Earnings: Misses Expectations
Affiliated Managers Group (NYSE:AMG) Second Quarter 2025 Results Key Financial Results Revenue: US$493.2m (down 1.4% from 2Q 2024). Net income: US$84.3m (up 11% from 2Q 2024). Profit margin: 17% (up from 15% in 2Q 2024). The increase in margin was driven by lower expenses. EPS: US$2.96 (up from US$2.41 in 2Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Affiliated Managers Group Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 16%. Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Capital Markets industry in the US. Performance of the American Capital Markets industry. The company's shares are down 4.0% from a week ago. Risk Analysis Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Affiliated Managers Group that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-07-2025
- Business
- Yahoo
Jerome Dodson's Strategic Moves: Royal Caribbean Group Takes Center Stage with 2.37% Portfolio Share
Exploring the Investment Strategies of Jerome Dodson (Trades, Portfolio) in Q2 2025 Warning! GuruFocus has detected 3 Warning Sign with EFX. Jerome Dodson (Trades, Portfolio) recently submitted the N-PORT filing for the second quarter of 2025, providing insights into his investment moves during this period. Jerome L. Dodson is the Founder and President of Parnassus Investments. He was the lead Portfolio Manager of the Parnassus Fund and the Parnassus Asia Fund and the sole Portfolio Manager of the Parnassus Endeavor Fund (now the Parnassus Value Equity Fund (Trades, Portfolio)) until he stopped managing money for the firm at the end of 2020, though he remains Chairman of the Board. Prior to founding Parnassus Investments in 1984, he served as President and Chief Executive Officer of Continental Savings of America from 1976 to 1982, where he started the "Solar T-Bill" program to finance solar energy installations and also developed innovative programs to finance low and moderate income housing. Mr. Dodson received his bachelor's degree in political science from the University of California, Berkeley and his master's degree in business administration from Harvard Business School. Affiliated Managers Group gained control of Parnassus in mid-2021 after acquiring a majority stake in the firm. The Parnassus Mid Cap Growth Fund invests in U.S. mid-cap companies with long-term competitive advantages, quality management teams and good ESG practices. It also looks for companies that are gaining market share and have long runways for growth through established business models and proven financials. It also avoids highly leveraged companies and those associated with the production of fossil fuels, tobacco, alcohol and certain other industries. Summary of New Buy Jerome Dodson (Trades, Portfolio) added a total of 6 stocks, among them: The most significant addition was Royal Caribbean Group (NYSE:RCL), with 60,358 shares, accounting for 2.37% of the portfolio and a total value of $18.9 million. The second largest addition to the portfolio was CoStar Group Inc (NASDAQ:CSGP), consisting of 231,083 shares, representing approximately 2.33% of the portfolio, with a total value of $18.6 million. The third largest addition was StandardAero Inc (NYSE:SARO), with 515,929 shares, accounting for 2.05% of the portfolio and a total value of $16.3 million. Key Position Increases Jerome Dodson (Trades, Portfolio) also increased stakes in a total of 7 stocks, among them: The most notable increase was Chipotle Mexican Grill Inc (NYSE:CMG), with an additional 180,697 shares, bringing the total to 365,651 shares. This adjustment represents a significant 97.7% increase in share count, a 1.27% impact on the current portfolio, with a total value of $20.5 million. The second largest increase was Hilton Worldwide Holdings Inc (NYSE:HLT), with an additional 27,414 shares, bringing the total to 123,306. This adjustment represents a significant 28.59% increase in share count, with a total value of $32.8 million. Summary of Sold Out Jerome Dodson (Trades, Portfolio) completely exited 2 holdings in the second quarter of 2025, as detailed below: Western Digital Corp (NASDAQ:WDC): Jerome Dodson (Trades, Portfolio) sold all 334,960 shares, resulting in a -1.86% impact on the portfolio. Repligen Corp (NASDAQ:RGEN): Jerome Dodson (Trades, Portfolio) liquidated all 68,502 shares, causing a -1.2% impact on the portfolio. Key Position Reduces Jerome Dodson (Trades, Portfolio) also reduced positions in 33 stocks. The most significant changes include: Reduced Workday Inc (NASDAQ:WDAY) by 54,380 shares, resulting in a -52% decrease in shares and a -1.74% impact on the portfolio. The stock traded at an average price of $243.43 during the quarter and has returned -0.33% over the past 3 months and -7.36% year-to-date. Reduced AppLovin Corp (NASDAQ:APP) by 45,602 shares, resulting in a -66.62% reduction in shares and a -1.66% impact on the portfolio. The stock traded at an average price of $323.27 during the quarter and has returned 28.76% over the past 3 months and 13.31% year-to-date. Portfolio Overview At the second quarter of 2025, Jerome Dodson (Trades, Portfolio)'s portfolio included 46 stocks, with top holdings including 4.65% in Equifax Inc (NYSE:EFX), 4.12% in Hilton Worldwide Holdings Inc (NYSE:HLT), 3.26% in Old Dominion Freight Line Inc (NASDAQ:ODFL), 3.08% in MercadoLibre Inc (NASDAQ:MELI), and 3.08% in Cloudflare Inc (NYSE:NET). The holdings are mainly concentrated in 8 of the 11 industries: Technology, Industrials, Consumer Cyclical, Healthcare, Financial Services, Communication Services, Real Estate, and Basic Materials. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
What Makes Affiliated Managers Group (AMG) a Strong Momentum Stock: Buy Now?
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Affiliated Managers Group (AMG), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Affiliated Managers Group currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if AMG is a promising momentum pick, let's examine some Momentum Style elements to see if this asset manager holds up. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For AMG, shares are up 1.74% over the past week while the Zacks Financial - Investment Management industry is up 0.14% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 12.02% compares favorably with the industry's 6.16% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of Affiliated Managers Group have increased 34.65% over the past quarter, and have gained 22.72% in the last year. On the other hand, the S&P 500 has only moved 16.27% and 12.91%, respectively. Investors should also pay attention to AMG's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. AMG is currently averaging 228,560 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with AMG. Over the past two months, 5 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost AMG's consensus estimate, increasing from $22.78 to $23.33 in the past 60 days. Looking at the next fiscal year, 5 estimates have moved upwards while there have been no downward revisions in the same time period. Taking into account all of these elements, it should come as no surprise that AMG is a #2 (Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Affiliated Managers Group on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Are Finance Stocks Lagging Affiliated Managers Group (AMG) This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Affiliated Managers Group (AMG) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Affiliated Managers Group is one of 870 companies in the Finance group. The Finance group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Affiliated Managers Group is currently sporting a Zacks Rank of #1 (Strong Buy). Over the past three months, the Zacks Consensus Estimate for AMG's full-year earnings has moved 2.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Based on the most recent data, AMG has returned 8.5% so far this year. Meanwhile, the Finance sector has returned an average of 8.5% on a year-to-date basis. Another stock in the Finance sector, Palomar (PLMR), has outperformed the sector so far this year. The stock's year-to-date return is 37.6%. The consensus estimate for Palomar's current year EPS has increased 5.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy). To break things down more, Affiliated Managers Group belongs to the Financial - Investment Management industry, a group that includes 36 individual companies and currently sits at #82 in the Zacks Industry Rank. On average, this group has lost an average of 4% so far this year, meaning that AMG is performing better in terms of year-to-date returns. Palomar, however, belongs to the Insurance - Property and Casualty industry. Currently, this 43-stock industry is ranked #145. The industry has moved +5% so far this year. Affiliated Managers Group and Palomar could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report Palomar Holdings, Inc. (PLMR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
