Q3 2024 EPS Estimates for Affiliated Managers Group, Inc. (NYSE:AMG) Boosted by Zacks Research

Affiliated Managers Group, Inc. (NYSE:AMGFree Report) – Investment analysts at Zacks Research boosted their Q3 2024 earnings per share (EPS) estimates for Affiliated Managers Group in a research note issued on Monday, May 27th. Zacks Research analyst R. Department now expects that the asset manager will earn $4.63 per share for the quarter, up from their previous forecast of $4.61. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $21.63 per share. Zacks Research also issued estimates for Affiliated Managers Group’s FY2024 earnings at $21.50 EPS, Q1 2025 earnings at $5.38 EPS and Q3 2025 earnings at $6.08 EPS.

Other research analysts have also issued reports about the company. TD Cowen dropped their price target on Affiliated Managers Group from $218.00 to $198.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Barrington Research reissued an “outperform” rating and set a $190.00 price target on shares of Affiliated Managers Group in a research report on Tuesday, May 7th.

Get Our Latest Stock Analysis on Affiliated Managers Group

Affiliated Managers Group Trading Down 0.3 %

NYSE:AMG opened at $159.94 on Wednesday. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.53 and a beta of 1.31. Affiliated Managers Group has a 1-year low of $120.22 and a 1-year high of $169.65. The business’s fifty day moving average price is $161.30 and its 200 day moving average price is $153.46.

Affiliated Managers Group (NYSE:AMGGet Free Report) last announced its earnings results on Monday, May 6th. The asset manager reported $5.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.21 by $0.16. The company had revenue of $499.90 million for the quarter, compared to analyst estimates of $524.53 million. Affiliated Managers Group had a return on equity of 16.66% and a net margin of 33.74%. During the same period in the previous year, the firm earned $4.18 earnings per share.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, May 15th. Affiliated Managers Group’s payout ratio is currently 0.22%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Invst LLC bought a new stake in shares of Affiliated Managers Group during the 1st quarter worth about $813,000. Burney Co. bought a new stake in shares of Affiliated Managers Group during the 1st quarter worth about $466,000. Virtu Financial LLC bought a new stake in shares of Affiliated Managers Group during the 1st quarter worth about $353,000. Algebris UK Ltd bought a new stake in shares of Affiliated Managers Group during the 1st quarter worth about $2,161,000. Finally, EMC Capital Management boosted its stake in shares of Affiliated Managers Group by 27.0% during the 1st quarter. EMC Capital Management now owns 1,190 shares of the asset manager’s stock worth $199,000 after acquiring an additional 253 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

About Affiliated Managers Group

(Get Free Report)

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.

See Also

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

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