Equities analysts expect that Affiliated Managers Group, Inc. (NYSE:AMG – Get Rating) will post earnings of $4.32 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Affiliated Managers Group’s earnings, with the highest EPS estimate coming in at $4.35 and the lowest estimate coming in at $4.27. Affiliated Managers Group reported earnings per share of $4.28 in the same quarter last year, which would suggest a positive year over year growth rate of 0.9%. The firm is scheduled to issue its next earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Affiliated Managers Group will report full-year earnings of $18.99 per share for the current fiscal year, with EPS estimates ranging from $18.35 to $19.54. For the next year, analysts anticipate that the company will report earnings of $20.88 per share, with EPS estimates ranging from $20.11 to $21.60. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Affiliated Managers Group.
Affiliated Managers Group (NYSE:AMG – Get Rating) last posted its earnings results on Monday, February 7th. The asset manager reported $6.10 EPS for the quarter, beating the consensus estimate of $5.81 by $0.29. The company had revenue of $691.80 million for the quarter, compared to the consensus estimate of $626.11 million. Affiliated Managers Group had a return on equity of 23.53% and a net margin of 23.45%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.22 earnings per share.
Shares of AMG stock traded down $6.46 during trading on Friday, hitting $125.57. The company had a trading volume of 433,575 shares, compared to its average volume of 248,903. The stock’s 50-day moving average price is $135.74 and its 200 day moving average price is $152.26. Affiliated Managers Group has a one year low of $121.40 and a one year high of $191.62. The firm has a market capitalization of $4.89 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 3rd. Shareholders of record on Thursday, February 17th were paid a $0.01 dividend. The ex-dividend date was Wednesday, February 16th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.30%.
In other Affiliated Managers Group news, Director Reuben Jeffery III acquired 3,500 shares of Affiliated Managers Group stock in a transaction on Tuesday, February 15th. The stock was purchased at an average price of $143.96 per share, for a total transaction of $503,860.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tracy P. Palandjian purchased 3,700 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The shares were purchased at an average price of $137.67 per share, with a total value of $509,379.00. The disclosure for this purchase can be found here. 0.70% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of AMG. Norges Bank purchased a new stake in Affiliated Managers Group during the 4th quarter worth about $60,212,000. BlackRock Inc. increased its position in shares of Affiliated Managers Group by 7.7% during the 4th quarter. BlackRock Inc. now owns 3,687,323 shares of the asset manager’s stock valued at $606,603,000 after purchasing an additional 263,316 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Affiliated Managers Group by 105.4% during the 4th quarter. Principal Financial Group Inc. now owns 292,620 shares of the asset manager’s stock valued at $48,139,000 after purchasing an additional 150,170 shares during the last quarter. CTF Capital Management LP bought a new position in shares of Affiliated Managers Group during the 4th quarter valued at about $21,386,000. Finally, American Century Companies Inc. increased its position in shares of Affiliated Managers Group by 449.1% during the 4th quarter. American Century Companies Inc. now owns 157,418 shares of the asset manager’s stock valued at $25,897,000 after purchasing an additional 128,750 shares during the last quarter. Institutional investors own 96.01% of the company’s stock.
About Affiliated Managers Group (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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