$5.74 Earnings Per Share Expected for Affiliated Managers Group, Inc. (NYSE:AMG) This Quarter

Wall Street brokerages expect Affiliated Managers Group, Inc. (NYSE:AMG) to announce earnings of $5.74 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Affiliated Managers Group’s earnings. The highest EPS estimate is $5.82 and the lowest is $5.69. Affiliated Managers Group posted earnings per share of $4.22 during the same quarter last year, which would suggest a positive year-over-year growth rate of 36%. The firm is expected to issue its next earnings report on Monday, February 14th.

On average, analysts expect that Affiliated Managers Group will report full year earnings of $18.04 per share for the current fiscal year, with EPS estimates ranging from $18.00 to $18.13. For the next financial year, analysts anticipate that the firm will report earnings of $20.70 per share, with EPS estimates ranging from $20.40 to $21.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, November 1st. The asset manager reported $4.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.91 by $0.09. Affiliated Managers Group had a net margin of 22.12% and a return on equity of 21.02%. The business had revenue of $575.20 million during the quarter, compared to the consensus estimate of $587.91 million. During the same period in the previous year, the firm posted $3.27 earnings per share. Affiliated Managers Group’s revenue for the quarter was up 16.2% compared to the same quarter last year.

Several research analysts recently commented on AMG shares. Citigroup increased their target price on shares of Affiliated Managers Group from $232.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday, November 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Affiliated Managers Group from $212.00 to $219.00 and gave the company a “buy” rating in a research note on Tuesday, November 2nd. Finally, Barrington Research increased their price target on shares of Affiliated Managers Group from $190.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, November 1st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $224.83.

In other Affiliated Managers Group news, Director Reuben Jeffery III purchased 2,700 shares of the stock in a transaction that occurred on Tuesday, November 2nd. The shares were acquired at an average cost of $188.39 per share, with a total value of $508,653.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jay C. Horgen purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, September 14th. The shares were acquired at an average cost of $158.01 per share, for a total transaction of $316,020.00. Following the completion of the transaction, the chief executive officer now owns 183,783 shares of the company’s stock, valued at approximately $29,039,551.83. The disclosure for this purchase can be found here. 0.70% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. SkyView Investment Advisors LLC grew its stake in Affiliated Managers Group by 257.1% during the first quarter. SkyView Investment Advisors LLC now owns 200 shares of the asset manager’s stock worth $30,000 after buying an additional 144 shares in the last quarter. FORA Capital LLC acquired a new stake in Affiliated Managers Group during the 2nd quarter worth approximately $45,000. IFP Advisors Inc boosted its position in Affiliated Managers Group by 53.6% during the 3rd quarter. IFP Advisors Inc now owns 407 shares of the asset manager’s stock worth $63,000 after buying an additional 142 shares during the period. Captrust Financial Advisors boosted its position in Affiliated Managers Group by 493.4% during the 1st quarter. Captrust Financial Advisors now owns 718 shares of the asset manager’s stock worth $107,000 after buying an additional 597 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its position in Affiliated Managers Group by 126.0% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 696 shares of the asset manager’s stock worth $108,000 after buying an additional 388 shares during the period. Hedge funds and other institutional investors own 98.70% of the company’s stock.

Shares of Affiliated Managers Group stock traded down $1.76 on Thursday, hitting $176.14. The company had a trading volume of 150,712 shares, compared to its average volume of 302,141. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 0.64 and a beta of 1.39. Affiliated Managers Group has a twelve month low of $86.94 and a twelve month high of $191.62. The company has a 50-day simple moving average of $165.51.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 24th. Stockholders of record on Wednesday, November 10th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, November 9th. Affiliated Managers Group’s payout ratio is presently 0.35%.

About Affiliated Managers Group

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. It provides assistance on strategic matters, marketing, distribution, product development, and operations. The company was founded by William J. Nutt in December 1993 and is headquartered in West Palm Beach, FL.

Read More: Different Types of Derivatives

Get a free copy of the Zacks research report on Affiliated Managers Group (AMG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Affiliated Managers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group and related companies with MarketBeat.com's FREE daily email newsletter.