Analysts Expect Affiliated Managers Group, Inc. (NYSE:AMG) Will Announce Earnings of $4.26 Per Share

Equities research analysts expect Affiliated Managers Group, Inc. (NYSE:AMGGet Rating) to post $4.26 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Affiliated Managers Group’s earnings, with the highest EPS estimate coming in at $4.41 and the lowest estimate coming in at $4.10. Affiliated Managers Group posted earnings of $4.03 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 5.7%. The business is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Affiliated Managers Group will report full-year earnings of $18.81 per share for the current fiscal year, with EPS estimates ranging from $17.79 to $19.74. For the next year, analysts expect that the company will post earnings of $20.49 per share, with EPS estimates ranging from $18.46 to $21.48. Zacks’ 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:AMGGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The asset manager reported $4.65 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.33. Affiliated Managers Group had a return on equity of 22.99% and a net margin of 22.84%. The company had revenue of $607.30 million for the quarter, compared to analyst estimates of $662.80 million. During the same quarter last year, the firm earned $4.28 EPS. Affiliated Managers Group’s revenue for the quarter was up 8.6% compared to the same quarter last year.

AMG has been the topic of several recent research reports. Citigroup decreased their price objective on Affiliated Managers Group from $241.00 to $222.00 in a report on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Affiliated Managers Group from $162.00 to $152.00 in a report on Thursday. Barrington Research decreased their price objective on Affiliated Managers Group from $190.00 to $160.00 in a report on Monday, May 2nd. Finally, StockNews.com lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $202.00.

Shares of NYSE:AMG opened at $127.35 on Friday. Affiliated Managers Group has a 1-year low of $116.12 and a 1-year high of $191.62. The firm has a market capitalization of $4.96 billion, a PE ratio of 9.68, a PEG ratio of 0.69 and a beta of 1.33. The business’s 50 day moving average is $134.11 and its 200-day moving average is $148.87.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 26th. Shareholders of record on Thursday, May 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. Affiliated Managers Group’s payout ratio is 0.30%.

In other Affiliated Managers Group news, Director Tracy P. Palandjian acquired 3,700 shares of the business’s stock in a transaction on Tuesday, February 22nd. The stock was purchased at an average price of $137.67 per share, for a total transaction of $509,379.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Valeo Financial Advisors LLC bought a new position in Affiliated Managers Group in the first quarter valued at approximately $30,000. Rockefeller Capital Management L.P. boosted its position in shares of Affiliated Managers Group by 70.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 206 shares of the asset manager’s stock worth $33,000 after purchasing an additional 85 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Affiliated Managers Group by 76.3% during the first quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock worth $38,000 after purchasing an additional 119 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Affiliated Managers Group by 47.1% during the fourth quarter. Whittier Trust Co. now owns 325 shares of the asset manager’s stock worth $53,000 after purchasing an additional 104 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Affiliated Managers Group by 121.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 385 shares of the asset manager’s stock worth $63,000 after purchasing an additional 211 shares in the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Affiliated Managers Group (NYSE:AMG)

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