10 Cheap Asset Management Stocks to Buy Now

2. Affiliated Managers Group Inc. (NYSE:AMG)

Forward P/E: 7.5

Upside Potential: 23%

Number of Hedge Fund Holders: 34

Affiliated Managers Group Inc. (NYSE:AMG) is a global asset management firm that operates through partnerships with high-quality independent partner-owned firms, which it refers to as ‘Affiliates’. Instead of managing money directly, the company provides financial support, strategic guidance, and access to a larger distribution network to its affiliated managers who specialize in different types of investments, such as stocks, bonds, and alternative assets. As of December 2024, the firm had $708 billion in assets under management.

In early February, an analyst from Barrington Research raised his price target on Affiliated Managers Group Inc. (NYSE:AMG) from $200 to $215 while maintaining an Outperform rating, following the company’s stronger-than-expected Q4 results. The analyst highlighted the company’s ongoing shift toward private markets and liquid alternatives, a strategy expected to drive long-term organic revenue and earnings growth. Despite a slight reduction in near-term earnings estimates, the analyst noted that AMG continues to trade at a discount compared to its peers.

Consensus 1-year median price target for Affiliated Managers Group Inc. (NYSE:AMG) currently stands at $210, implying a 23% upside.