Affiliated Managers Group, Inc. (NYSE: AMG) changed 1.01% to recent value of $90.42. The stock transacted 343659 shares during most recent day however it has an average volume of 553.18K shares. It spotted trading -44.71% off 52-week high price. On the other end, the stock has been noted 8.81% away from the low price over the last 52-weeks.
Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management company, today announced the completion of its investment in Garda Capital Partners LP.
Garda is a leading alternative investment manager specializing in fixed income relative value strategies and is headquartered in Minneapolis, MN. Garda serves a diversified set of sophisticated institutional clients around the world, and throughout the firm’s 15-year history of continuous senior leadership, its flagship investment strategy has consistently delivered positive returns which are uncorrelated to traditional markets.
As part of the transaction, Garda’s senior partners have agreed to long-term commitments with the firm. The terms of the transaction were not disclosed.
AMG is a global asset management company with equity investments in leading boutique investment management firms. AMG’s innovative partnership approach allows each Affiliate’s management team to own significant equity in their firm while maintaining operational autonomy. AMG’s strategy is to generate shareholder value through the growth of existing Affiliates, as well as through investments in new Affiliates and additional investments in existing Affiliates.
AMG and an operating margin of 32.10% while its profit margin remained -5.20% for the last 12 months. Its earnings per share (EPS) expected to touch remained -45.60% for this year while earning per share for the next 5-years is expected to reach at 0.91%.
The company has 50.79M of outstanding shares and 50.71M shares were floated in the market. The price moved ahead of 1.05% from the mean of 20 days, -1.91% from mean of 50 days SMA and performed -15.37% from mean of 200 days price. Company’s performance for the week was -1.74%, 1.28% for month and YTD performance remained -7.20%.