Affiliated Managers Group, Inc. (NYSE:AMG) – Research analysts at Jefferies Group decreased their Q1 2017 earnings estimates for shares of Affiliated Managers Group in a research report issued on Tuesday. Jefferies Group analyst D. Fannon now anticipates that the brokerage will earn $3.30 per share for the quarter, down from their previous forecast of $3.31. Jefferies Group has a “Buy” rating and a $192.00 price objective on the stock. Jefferies Group also issued estimates for Affiliated Managers Group’s Q3 2017 earnings at $3.39 EPS.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, October 31st. The company reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.02. The business had revenue of $613.10 million for the quarter, compared to analysts’ expectations of $565.44 million. Affiliated Managers Group had a return on equity of 18.04% and a net margin of 21.10%. The business’s quarterly revenue was down 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.93 EPS.

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A number of other equities analysts have also commented on the company. Zacks Investment Research lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Monday. Goldman Sachs Group, Inc. (The) lowered Affiliated Managers Group from a “conviction-buy” rating to a “buy” rating and set a $190.00 price objective on the stock. in a research note on Wednesday, January 4th. Credit Suisse Group reissued an “outperform” rating on shares of Affiliated Managers Group in a research report on Saturday, December 10th. Deutsche Bank AG downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $159.00 to $132.00 in a research report on Friday, November 4th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Affiliated Managers Group in a research report on Tuesday, October 18th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $171.09.

Shares of Affiliated Managers Group (NYSE:AMG) opened at 143.58 on Thursday. The firm has a market capitalization of $7.87 billion, a PE ratio of 16.57 and a beta of 1.58. The company has a 50-day moving average price of $148.95 and a 200 day moving average price of $144.07. Affiliated Managers Group has a 52-week low of $115.97 and a 52-week high of $179.85.

In other news, Director Dwight D. Churchill sold 3,125 shares of the business’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $160.23, for a total value of $500,718.75. Following the transaction, the director now directly owns 6,667 shares of the company’s stock, valued at approximately $1,068,253.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sean M. Healey sold 62,000 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $154.84, for a total value of $9,600,080.00. Following the completion of the transaction, the chief executive officer now directly owns 122,292 shares in the company, valued at $18,935,693.28. The disclosure for this sale can be found here. 1.96% of the stock is owned by insiders.

TRADEMARK VIOLATION NOTICE: “Q1 2017 EPS Estimates for Affiliated Managers Group, Inc. Reduced by Jefferies Group (AMG)” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The legal version of this article can be viewed at http://www.watchlistnews.com/q1-2017-eps-estimates-for-affiliated-managers-group-inc-reduced-by-jefferies-group-amg/1059830.html.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its position in shares of Affiliated Managers Group by 0.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 1,700 shares of the company’s stock valued at $246,000 after buying an additional 10 shares during the last quarter. Calvert Investment Management Inc. increased its position in shares of Affiliated Managers Group by 0.4% in the second quarter. Calvert Investment Management Inc. now owns 4,083 shares of the company’s stock valued at $575,000 after buying an additional 18 shares during the last quarter. BOKF NA increased its position in shares of Affiliated Managers Group by 0.9% in the third quarter. BOKF NA now owns 2,837 shares of the company’s stock valued at $410,000 after buying an additional 25 shares during the last quarter. Ranger Investment Management L.P. increased its position in shares of Affiliated Managers Group by 0.3% in the second quarter. Ranger Investment Management L.P. now owns 9,475 shares of the company’s stock valued at $1,334,000 after buying an additional 30 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of Affiliated Managers Group by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,465 shares of the company’s stock valued at $206,000 after buying an additional 36 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.

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