Wall Street brokerages forecast that Affiliated Managers Group, Inc. (NYSE:AMG – Get Rating) will report earnings per share (EPS) of $4.26 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Affiliated Managers Group’s earnings, with the lowest EPS estimate coming in at $4.10 and the highest estimate coming in at $4.41. Affiliated Managers Group reported earnings of $4.03 per share during the same quarter last year, which would suggest a positive year over year growth rate of 5.7%. The firm is scheduled to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Affiliated Managers Group will report full year earnings of $18.53 per share for the current financial year, with EPS estimates ranging from $17.79 to $19.00. For the next financial year, analysts expect that the business will report earnings of $20.16 per share, with EPS estimates ranging from $18.46 to $21.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Affiliated Managers Group.
Affiliated Managers Group (NYSE:AMG – Get Rating) last announced its earnings results on Monday, May 2nd. The asset manager reported $4.65 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.33. Affiliated Managers Group had a net margin of 22.84% and a return on equity of 22.99%. The firm had revenue of $607.30 million for the quarter, compared to analyst estimates of $662.80 million. During the same quarter in the previous year, the firm posted $4.28 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year.
A number of large investors have recently modified their holdings of the stock. Valeo Financial Advisors LLC purchased a new stake in shares of Affiliated Managers Group during the first quarter valued at $30,000. Rockefeller Capital Management L.P. raised its stake in Affiliated Managers Group by 70.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 206 shares of the asset manager’s stock worth $33,000 after buying an additional 85 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Affiliated Managers Group by 76.3% in the 1st quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock worth $38,000 after acquiring an additional 119 shares in the last quarter. Whittier Trust Co. grew its stake in Affiliated Managers Group by 47.1% in the fourth quarter. Whittier Trust Co. now owns 325 shares of the asset manager’s stock valued at $53,000 after purchasing an additional 104 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Affiliated Managers Group by 121.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 385 shares of the asset manager’s stock worth $63,000 after acquiring an additional 211 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.
NYSE:AMG opened at $126.95 on Friday. The firm has a market capitalization of $4.95 billion, a P/E ratio of 9.65, a PEG ratio of 0.69 and a beta of 1.33. The company’s 50-day simple moving average is $134.04 and its 200 day simple moving average is $147.90. Affiliated Managers Group has a one year low of $116.12 and a one year high of $191.62.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, May 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.30%.
Affiliated Managers Group Company Profile (Get Rating)
Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.
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