Analysts expect Affiliated Managers Group, Inc. (NYSE:AMG) to report earnings of $4.53 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Affiliated Managers Group’s earnings, with estimates ranging from $4.49 to $4.60. Affiliated Managers Group posted earnings per share of $3.80 during the same quarter last year, which indicates a positive year over year growth rate of 19.2%. The company is expected to announce its next earnings report on Monday, January 29th.
On average, analysts expect that Affiliated Managers Group will report full year earnings of $14.48 per share for the current year, with EPS estimates ranging from $14.44 to $14.56. For the next financial year, analysts expect that the firm will report earnings of $17.08 per share, with EPS estimates ranging from $16.06 to $18.37. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Affiliated Managers Group.
Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, topping the consensus estimate of $3.36 by $0.05. The firm had revenue of $585.70 million for the quarter, compared to the consensus estimate of $586.55 million. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $3.02 EPS.
Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $225.00 target price on the stock in a report on Tuesday, January 9th. Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 target price on the stock. in a report on Tuesday, January 9th. Credit Suisse Group downgraded shares of Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 target price on the stock. in a report on Wednesday, January 3rd. Barrington Research restated an “outperform” rating and set a $215.00 target price on shares of Affiliated Managers Group in a report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, Jefferies Group restated a “buy” rating and set a $226.00 target price on shares of Affiliated Managers Group in a report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Affiliated Managers Group has an average rating of “Buy” and a consensus target price of $211.00.
Shares of Affiliated Managers Group (AMG) opened at $202.80 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $11,270.00, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 0.72 and a beta of 1.71. Affiliated Managers Group has a fifty-two week low of $139.52 and a fifty-two week high of $207.67.
In other news, Director Patrick T. Ryan sold 7,705 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $185.27, for a total transaction of $1,427,505.35. Following the completion of the transaction, the director now directly owns 6,797 shares of the company’s stock, valued at approximately $1,259,280.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight D. Churchill sold 2,080 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $184.28, for a total transaction of $383,302.40. Following the transaction, the director now directly owns 6,104 shares of the company’s stock, valued at $1,124,845.12. The disclosure for this sale can be found here. Insiders have sold a total of 89,585 shares of company stock valued at $16,734,012 over the last ninety days. Company insiders own 1.40% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Tributary Capital Management LLC bought a new position in shares of Affiliated Managers Group during the 3rd quarter worth approximately $100,000. Advisor Group Inc. grew its stake in shares of Affiliated Managers Group by 46.2% during the 2nd quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock worth $120,000 after acquiring an additional 228 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Affiliated Managers Group by 7.9% during the 2nd quarter. Pacer Advisors Inc. now owns 1,183 shares of the asset manager’s stock worth $196,000 after acquiring an additional 87 shares in the last quarter. Douglas Lane & Associates LLC bought a new position in shares of Affiliated Managers Group during the 3rd quarter worth approximately $200,000. Finally, Conning Inc. bought a new position in shares of Affiliated Managers Group during the 3rd quarter worth approximately $203,000. 95.65% of the stock is owned by institutional investors.
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Affiliated Managers Group Company Profile
Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.
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