Affiliated Managers Group (NYSE:AMG – Get Free Report) released its quarterly earnings results on Monday. The asset manager reported $9.50 EPS for the quarter, beating analysts’ consensus estimates of $8.79 by $0.71, FiscalAI reports. The business had revenue of $595.20 million during the quarter, compared to analyst estimates of $655.08 million. Affiliated Managers Group had a return on equity of 21.94% and a net margin of 37.72%.
Affiliated Managers Group Price Performance
Shares of NYSE AMG opened at $361.79 on Monday. Affiliated Managers Group has a 1 year low of $246.11 and a 1 year high of $400.13. The stock has a market capitalization of $9.36 billion, a P/E ratio of 12.53, a P/E/G ratio of 0.46 and a beta of 1.05. The company’s 50-day moving average is $371.73 and its 200 day moving average is $333.89. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.24.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Wall Street Zen cut Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 30th. Barrington Research set a $425.00 target price on Affiliated Managers Group in a research note on Friday, July 31st. TD Cowen upped their target price on Affiliated Managers Group from $512.00 to $523.00 and gave the company a “buy” rating in a report on Monday, October 12th. Weiss Ratings upgraded Affiliated Managers Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Finally, Zacks Research lowered Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $438.25.
View Our Latest Analysis on AMG
Affiliated Managers Group Company Profile
Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management company that partners with independent investment firms. Founded in 1993, AMG provides its partner firms with strategic capital, distribution support and business resources while allowing them to retain substantial independence over their investment processes and operations.
Through its partner firms, AMG offers a range of investment strategies and services, including alternative investments, equities, fixed income, private markets and wealth management.
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