Affiliated Managers Group Inc

AMG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$369.00	Rsdqtvk	Jjfxjlycfl

AMG Earnings: Better Markets, Cost Controls, and Share Repurchases Lift Results at the End of 2023

Greggory Warren

Feb 5, 2024

While there was little in narrow-moat rated Affiliated Managers Group's fourth-quarter results that would alter our long-term view of the firm, we expect to increase our $152 per share fair value estimate slightly once we've incorporated the results into our valuation. This would leave the company's shares slightly undervalued relative to their Feb. 5 trading price.

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