 |
 Video: What is a Stock Split?
|
|
|
| Affiliated Managers Group is an asset management company with equity investments in a group of boutique investment management firms (Affiliates). Co.'s Affiliates provide investment management services globally to mutual funds, institutional clients and individuals. In Co.'s investments in each of its Affiliates, Co. holds a substantial equity interest. The remaining equity interests are retained by the management of the Affiliate. As of Dec 31 2011, Co. managed $327.50 billion in assets through its Affiliates in more than 350 investment products across a range of asset classes and investment styles in three principal distribution channels: Mutual Fund, Institutional and High Net Worth. According to our AFM split history records, AFM has had 2 splits. | |
|
AFM (AFM) has 2 splits in our AFM split history database. The first split for AFM took place on August 27, 1996. This was a 3 for 2
split, meaning for each 2
shares of AFM owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. AFM's second split took place on January 13, 1998. This was a 2 for 1
split, meaning for each share of AFM owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split.
When a company such as AFM splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the AFM split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AFM shares, starting with a $10,000 purchase of AFM, presented on a split-history-adjusted basis factoring in the complete AFM split history.
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
02/20/2015 |
|
| End date: |
10/21/2015 |
|
| Start price/share: |
$25.74 |
|
| End price/share: |
$25.05 |
|
| Dividends collected/share: |
$0.00 |
|
| Total return: |
-2.68% |
|
| Annualized Gain: |
-4.04% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$9,732.00 |
|
| Years: |
0.66 |
|
|
|
| Date |
Ratio |
| 08/27/1996 | 3 for 2
| | 01/13/1998 | 2 for 1
|
|
|
Free AFM Email Alerts:
