$4.03 EPS Expected for Affiliated Managers Group, Inc. (NYSE:AMG) This Quarter

Equities analysts expect that Affiliated Managers Group, Inc. (NYSE:AMG) will announce earnings of $4.03 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Affiliated Managers Group’s earnings. The lowest EPS estimate is $3.40 and the highest is $4.43. Affiliated Managers Group posted earnings of $3.53 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.2%. The firm is scheduled to announce its next earnings results on Monday, February 3rd.

On average, analysts expect that Affiliated Managers Group will report full-year earnings of $13.77 per share for the current financial year, with EPS estimates ranging from $13.15 to $14.18. For the next fiscal year, analysts forecast that the business will report earnings of $14.22 per share, with EPS estimates ranging from $14.07 to $14.48. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, October 28th. The asset manager reported $3.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.14 by $0.02. The company had revenue of $549.00 million during the quarter, compared to analyst estimates of $547.10 million. Affiliated Managers Group had a negative net margin of 7.03% and a positive return on equity of 17.83%. Affiliated Managers Group’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.45 earnings per share.

Several equities research analysts have weighed in on the company. Barrington Research set a $100.00 price objective on Affiliated Managers Group and gave the stock a “buy” rating in a report on Friday, October 11th. Deutsche Bank boosted their target price on Affiliated Managers Group from $91.00 to $92.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. ValuEngine upgraded Affiliated Managers Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Bank of America upped their target price on Affiliated Managers Group from $75.00 to $85.00 and gave the company an “underperform” rating in a report on Tuesday, October 8th. Finally, Zacks Investment Research raised Affiliated Managers Group from a “sell” rating to a “hold” rating and set a $81.00 price target for the company in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $95.12.

In related news, Director Jide James Zeitlin sold 2,665 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $83.94, for a total value of $223,700.10. Following the sale, the director now directly owns 23,939 shares of the company’s stock, valued at $2,009,439.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patrick T. Ryan sold 3,411 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $84.38, for a total value of $287,820.18. Following the completion of the sale, the director now directly owns 16,680 shares in the company, valued at $1,407,458.40. The disclosure for this sale can be found here. Company insiders own 1.43% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Alta Capital Management LLC lifted its position in Affiliated Managers Group by 4.7% during the 2nd quarter. Alta Capital Management LLC now owns 2,685 shares of the asset manager’s stock valued at $247,000 after acquiring an additional 120 shares during the period. Barr E S & Co. increased its stake in shares of Affiliated Managers Group by 9.8% during the second quarter. Barr E S & Co. now owns 177,206 shares of the asset manager’s stock valued at $16,328,000 after purchasing an additional 15,824 shares in the last quarter. IFM Investors Pty Ltd increased its stake in shares of Affiliated Managers Group by 47.3% during the third quarter. IFM Investors Pty Ltd now owns 4,425 shares of the asset manager’s stock valued at $369,000 after purchasing an additional 1,420 shares in the last quarter. Regal Investment Advisors LLC lifted its holdings in shares of Affiliated Managers Group by 7.8% during the second quarter. Regal Investment Advisors LLC now owns 15,187 shares of the asset manager’s stock valued at $1,399,000 after purchasing an additional 1,096 shares during the last quarter. Finally, River & Mercantile Asset Management LLP boosted its position in shares of Affiliated Managers Group by 9.6% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 127,705 shares of the asset manager’s stock worth $10,647,000 after purchasing an additional 11,175 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:AMG traded up $1.85 during mid-day trading on Monday, reaching $85.43. 381,556 shares of the company’s stock traded hands, compared to its average volume of 546,144. The company has a 50 day moving average price of $82.74 and a 200-day moving average price of $83.70. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 0.62 and a beta of 1.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.37. Affiliated Managers Group has a 12-month low of $71.08 and a 12-month high of $115.75.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Wednesday, November 6th. Affiliated Managers Group’s payout ratio is currently 8.83%.

About Affiliated Managers Group

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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