Bank of America Securities analyst Craig Siegenthaler maintained a Buy rating on Affiliated Managers today and set a price target of $372.00.
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Craig Siegenthaler has given his Buy rating due to a combination of factors that highlight the growth potential and undervaluation of Affiliated Managers Group’s stock. One of the primary reasons is the strong performance and growth prospects of AQR Capital Management, in which AMG holds a significant stake. AQR’s innovative tax-aware strategies and its new Fusion Fund series are expected to drive substantial asset flows, contributing to AMG’s operating leverage and financial performance.
Additionally, Pantheon, another key asset within AMG’s portfolio, is seen as undervalued. Despite its impressive growth in assets under management and its strong position in credit and infrastructure, Pantheon’s value is not fully reflected in AMG’s stock price. The combination of organic growth, strategic investments, and share repurchases supports an optimistic earnings growth forecast for AMG, suggesting that the current stock price does not fully capture its future potential. This underappreciation, along with the expected 20% annualized EPS growth, underpins the Buy rating.
According to TipRanks, Siegenthaler is a 5-star analyst with an average return of 19.9% and a 61.03% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Affiliated Managers, Janus Henderson Group, and Blue Owl Capital.
In another report released on November 7, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $292.00 price target.