Zacks Research Issues Optimistic Outlook for AMG Earnings

Affiliated Managers Group, Inc. (NYSE:AMG) – Stock analysts at Zacks Research raised their Q3 2027 EPS estimates for shares of Affiliated Managers Group in a note issued to investors on Monday, November 24th. Zacks Research analyst Team now expects that the asset manager will post earnings of $7.94 per share for the quarter, up from their previous estimate of $7.70. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $22.86 per share.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, November 3rd. The asset manager reported $6.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.88 by $0.22. Affiliated Managers Group had a net margin of 21.79% and a return on equity of 16.11%. The company had revenue of $528.00 million during the quarter, compared to the consensus estimate of $543.39 million. During the same quarter last year, the company earned $4.82 earnings per share. Affiliated Managers Group’s revenue for the quarter was up 2.2% on a year-over-year basis.

Other equities research analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. UBS Group set a $295.00 price objective on Affiliated Managers Group in a research note on Tuesday, November 4th. The Goldman Sachs Group increased their target price on Affiliated Managers Group from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Cowen reiterated a “buy” rating on shares of Affiliated Managers Group in a report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Affiliated Managers Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $290.33.

Affiliated Managers Group Stock Performance

Shares of NYSE AMG opened at $265.65 on Tuesday. Affiliated Managers Group has a 1 year low of $139.22 and a 1 year high of $266.30. The stock’s 50-day simple moving average is $245.26 and its 200-day simple moving average is $217.97. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 0.61 and a beta of 1.25.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, November 13th. Affiliated Managers Group’s payout ratio is 0.24%.

Insider Buying and Selling at Affiliated Managers Group

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $231.03, for a total value of $3,696,480.00. Following the completion of the sale, the chief operating officer directly owned 158,710 shares in the company, valued at $36,666,771.30. This represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Affiliated Managers Group

A number of large investors have recently added to or reduced their stakes in AMG. Clarkston Capital Partners LLC boosted its position in shares of Affiliated Managers Group by 0.8% in the 1st quarter. Clarkston Capital Partners LLC now owns 1,585,324 shares of the asset manager’s stock valued at $266,382,000 after purchasing an additional 13,135 shares during the period. Millennium Management LLC lifted its position in shares of Affiliated Managers Group by 314.3% in the 1st quarter. Millennium Management LLC now owns 1,265,655 shares of the asset manager’s stock valued at $212,668,000 after acquiring an additional 960,158 shares in the last quarter. Boston Partners boosted its stake in Affiliated Managers Group by 2.1% in the 3rd quarter. Boston Partners now owns 1,157,344 shares of the asset manager’s stock worth $275,957,000 after purchasing an additional 24,217 shares during the period. Dimensional Fund Advisors LP grew its position in Affiliated Managers Group by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 684,116 shares of the asset manager’s stock worth $163,113,000 after purchasing an additional 7,891 shares in the last quarter. Finally, LSV Asset Management raised its stake in Affiliated Managers Group by 0.7% during the 3rd quarter. LSV Asset Management now owns 479,624 shares of the asset manager’s stock valued at $114,357,000 after purchasing an additional 3,400 shares during the period. 95.30% of the stock is currently owned by institutional investors.

About Affiliated Managers Group

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.