Affiliated Managers Group (NYSE:AMG – Get Free Report) issued its quarterly earnings data on Monday. The asset manager reported $5.37 EPS for the quarter, topping analysts’ consensus estimates of $5.21 by $0.16, Yahoo Finance reports. The firm had revenue of $499.90 million for the quarter, compared to analyst estimates of $524.53 million. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. During the same quarter in the previous year, the business posted $4.18 EPS. Affiliated Managers Group updated its Q2 guidance to $4.50-$4.60 EPS.
Affiliated Managers Group Stock Up 0.8 %
Affiliated Managers Group stock opened at $156.88 on Thursday. Affiliated Managers Group has a 52-week low of $120.22 and a 52-week high of $169.65. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.56 and a beta of 1.31. The firm has a 50-day moving average price of $161.51 and a two-hundred day moving average price of $150.05.
Affiliated Managers Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.23%.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on AMG
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.
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