Affiliated Managers Group Inc

AMG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$922.00	Vbrhdj	Blvbrphftf

AMG Earnings: Veritable Transaction Boosts Earnings and Covers for Mixed Operating Results

Greggory Warren

Nov 6, 2023

While there was little in narrow-moat Affiliated Managers Group's third-quarter results that would alter our long-term view of the firm, we expect to lower our $159 per share fair value estimate to $144 to account for revised near- and long-term expectations for assets under management, or AUM, revenue, and profitability.

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