Market Overview - Wall Street has continued its upward trend in 2024, with the Dow, S&P 500, and Nasdaq Composite up 3.7%, 9.2%, and 9.5% year-to-date, respectively [1] - The S&P 500 reached a new closing high on March 19, while the Dow had its best daily performance since February 22 [1] - The investment management industry has shown impressive growth, with a 45.2% return over the past year and a year-to-date return of 7.7% [1] Interest Rate Environment - Current interest rates are between 5.25% and 5.5%, the highest in over 22 years, which is expected to support margins in the near term [2] - The Federal Reserve has paused rate hikes and indicated fewer rate cuts than previously expected for 2024, with Chairman Jerome Powell suggesting at least four cuts of 25 basis points each [2] Economic Outlook - The probability of a soft landing has increased to 52% in March, up from 47% in January, while the likelihood of a recession in the next 12 months has decreased to 32% [3] - Client activities have remained strong, supporting growth in assets under management (AUM) [3] Asset Management Growth - A significant inflow of $1.4 trillion into U.S. money market funds has been attributed to high interest rates, with cash yielding around 5% [4] - Growth in AUM is expected to continue, positively impacting asset managers' revenues through higher performance and investment advisory fees [4] Company Highlights - SEI Investments Co. (SEIC) has an expected revenue growth rate of 6.7% and earnings growth rate of 15.6% for the current year, with a recent earnings estimate improvement of 0.8% [7] - Artisan Partners Asset Management Inc. (APAM) is projected to have a total AUM CAGR of 4.6% by 2025, with expected revenue and earnings growth rates of 3.7% and 10.5%, respectively [8] - KKR & Co. Inc. (KKR) anticipates revenue and earnings growth rates of 18% and 46.8%, respectively, for the current year, with a recent earnings estimate improvement of 2.4% [9] - T. Rowe Price Group Inc. (TROW) expects AUM and revenue growth of 2.5% and 4% in 2024, with revenue and earnings growth rates of 4.9% and 2.1%, respectively [10] - Affiliated Managers Group Inc. (AMG) projects total revenues and AUM to grow at CAGRs of 3.1% and 2.1% by 2026, with expected revenue and earnings growth rates of 4% and 10%, respectively [12]

Investment in stocks after analyzing valuation metrics is considered one of the best practices. When considering valuation metrics, the price-to-earnings ratio has always been the obvious choice. This is because calculations based on earnings are easy and come in handy. However, the price-to-sales ratio is convenient for determining the value of stocks that are incurring losses or in an early development cycle, generating meager or no profit.What’s the Price-to-Sales Ratio?While a loss-making company with a ...

NEW YORK--(BUSINESS WIRE)--Third Avenue Management LLC (“the Firm” or “Third Avenue”) announced today that the Firm was named as the LSEG Lipper Fund Awards Winner United States 2024, Best Equity Small Size Fund Family Group Over Three Years. The Group Awards are presented by LSEG Lipper each year to recognize fund companies that have excelled relative to their peers. “ Third Avenue Management has remained singularly committed to executing upon its unique form of active, fundamental, value investing,” said ...

We always try to hit the jackpot while picking stocks. But striking the right chord each time is not easy unless blessed with Midas touch. When it comes to the investment market, experts consider value style to be one of the most effective approaches. Value investing is essentially about selecting stocks that have good things going on for them, even at a time when they have been beaten down by some external factors.There are different valuation metrics to determine a stock’s inherent strength but a random s ...

Core Viewpoint - Affiliated Managers Group (AMG) is currently considered a more attractive option for value investors compared to T. Rowe Price (TROW) based on various valuation metrics [1][3]. Group 1: Company Overview - Both AMG and TROW have a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and an improving earnings outlook for both companies [2]. - Value investors utilize several valuation metrics to determine if a company is undervalued at its current share price levels [2]. Group 2: Valuation Metrics - AMG has a forward P/E ratio of 7.45, while TROW has a forward P/E of 15.03, suggesting AMG is more attractively priced [3]. - AMG's PEG ratio is 0.58, indicating a favorable valuation relative to its expected earnings growth, whereas TROW's PEG ratio is 2.32 [3]. - AMG's P/B ratio is 1.18, compared to TROW's P/B of 2.68, further supporting AMG's position as the superior value option [3]. - Based on these metrics, AMG holds a Value grade of A, while TROW has a Value grade of D [3].

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Affiliated Managers Group (AMG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.Affiliated Managers Group is one of 856 individual stocks in the F ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style ...

NEW YORK--(BUSINESS WIRE)--Third Avenue Management LLC (“Third Avenue”), a New York City-based investment adviser and leading value investing firm, is pleased to announce the upcoming launch of the Third Avenue Global Value Fund (ISIN: IE000K2CIQ63)1. The Fund will run in parallel with Third Avenue’s flagship global value strategy and employ Third Avenue’s unique fundamental, bottom-up, value investing philosophy in publicly traded securities globally. The global value strategy has been managed for more th ...

Table of Contents ___________________________________________________________________________ __________________________________________________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock ($0.01 par value) AMG New York Stock Exchange 5.875% Junior Subordinated Notes due 2059 MGR New York Stock Exchange 4.750% Junior Subordinated Notes due 2060 MGRB New York Stock Exchange 4.200% Junior Subordinated Notes due 2061 MGRD New York Stock E ...