Barrington Research Issues Negative Outlook for AMG Earnings

Affiliated Managers Group, Inc. (NYSE:AMG) – Analysts at Barrington Research dropped their Q4 2024 earnings per share (EPS) estimates for shares of Affiliated Managers Group in a research note issued to investors on Tuesday, November 5th. Barrington Research analyst A. Paris now expects that the asset manager will earn $6.05 per share for the quarter, down from their previous forecast of $6.76. Barrington Research has a “Outperform” rating and a $200.00 price objective on the stock. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $22.02 per share. Barrington Research also issued estimates for Affiliated Managers Group’s FY2025 earnings at $23.25 EPS.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a return on equity of 16.50% and a net margin of 31.51%. The business had revenue of $525.20 million during the quarter, compared to the consensus estimate of $521.87 million. During the same quarter in the previous year, the company earned $4.08 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year.

A number of other research firms also recently commented on AMG. Bank of America increased their target price on Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. StockNews.com downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lowered their target price on Affiliated Managers Group from $219.00 to $204.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, TD Cowen downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $226.00 to $177.00 in a research report on Tuesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Affiliated Managers Group currently has an average rating of “Hold” and a consensus target price of $195.50.

Affiliated Managers Group Price Performance

AMG stock opened at $186.20 on Thursday. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 0.62 and a beta of 1.18. Affiliated Managers Group has a 1-year low of $129.57 and a 1-year high of $199.52. The business has a 50 day simple moving average of $180.73 and a two-hundred day simple moving average of $168.93.

Institutional Trading of Affiliated Managers Group

Several institutional investors and hedge funds have recently made changes to their positions in AMG. Altshuler Shaham Ltd bought a new stake in shares of Affiliated Managers Group during the second quarter worth $28,000. Ashton Thomas Securities LLC bought a new stake in shares of Affiliated Managers Group during the third quarter worth $30,000. UMB Bank n.a. lifted its position in shares of Affiliated Managers Group by 481.3% during the third quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock worth $33,000 after purchasing an additional 154 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Affiliated Managers Group during the second quarter worth $47,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Affiliated Managers Group in the second quarter valued at about $50,000. 95.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Affiliated Managers Group news, insider Rizwan M. Jamal sold 8,622 shares of Affiliated Managers Group stock in a transaction on Friday, August 16th. The shares were sold at an average price of $172.89, for a total transaction of $1,490,657.58. Following the completion of the transaction, the insider now directly owns 128,457 shares of the company’s stock, valued at $22,208,930.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jay C. Horgen sold 9,000 shares of Affiliated Managers Group stock in a transaction on Monday, August 19th. The stock was sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the completion of the sale, the chief executive officer now directly owns 377,276 shares in the company, valued at approximately $64,883,926.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rizwan M. Jamal sold 8,622 shares of Affiliated Managers Group stock in a transaction on Friday, August 16th. The stock was sold at an average price of $172.89, for a total value of $1,490,657.58. Following the sale, the insider now owns 128,457 shares of the company’s stock, valued at approximately $22,208,930.73. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,408 shares of company stock valued at $3,865,068 over the last three months. 1.90% of the stock is owned by company insiders.

Affiliated Managers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend is Thursday, November 14th. Affiliated Managers Group’s payout ratio is 0.23%.

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.