Equities analysts expect that Affiliated Managers Group, Inc. (NYSE:AMG) will post earnings of $3.78 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Affiliated Managers Group’s earnings, with the highest EPS estimate coming in at $3.91 and the lowest estimate coming in at $3.65. Affiliated Managers Group reported earnings per share of $4.68 in the same quarter last year, which would suggest a negative year over year growth rate of 19.2%. The firm is scheduled to issue its next earnings report on Monday, February 4th.

According to Zacks, analysts expect that Affiliated Managers Group will report full-year earnings of $14.77 per share for the current fiscal year, with EPS estimates ranging from $14.63 to $14.90. For the next year, analysts anticipate that the company will report earnings of $15.74 per share, with EPS estimates ranging from $15.40 to $16.15. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, October 29th. The asset manager reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.42 by $0.03. The firm had revenue of $601.30 million for the quarter, compared to analyst estimates of $604.82 million. Affiliated Managers Group had a return on equity of 19.37% and a net margin of 29.38%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.41 earnings per share.

Several equities analysts have recently commented on AMG shares. Deutsche Bank decreased their target price on Affiliated Managers Group from $195.00 to $191.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Zacks Investment Research raised Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. Barrington Research reduced their price target on Affiliated Managers Group from $200.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, October 29th. Citigroup reduced their price target on Affiliated Managers Group from $195.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Finally, Bank of America reissued a “buy” rating and set a $130.00 price target (down previously from $155.00) on shares of Affiliated Managers Group in a research report on Thursday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $183.11.

In other Affiliated Managers Group news, EVP Hugh Cutler bought 1,564 shares of Affiliated Managers Group stock in a transaction on Wednesday, October 31st. The shares were purchased at an average price of $115.48 per share, with a total value of $180,610.72. Following the acquisition, the executive vice president now owns 7,087 shares in the company, valued at approximately $818,406.76. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight D. Churchill sold 2,034 shares of the firm’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $110.53, for a total value of $224,818.02. Following the completion of the sale, the director now directly owns 6,522 shares in the company, valued at approximately $720,876.66. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. EdgePoint Investment Group Inc. boosted its holdings in shares of Affiliated Managers Group by 28.7% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,906,740 shares of the asset manager’s stock valued at $432,145,000 after purchasing an additional 648,919 shares in the last quarter. Lyrical Asset Management LP lifted its stake in shares of Affiliated Managers Group by 1.1% in the 3rd quarter. Lyrical Asset Management LP now owns 1,272,609 shares of the asset manager’s stock valued at $173,991,000 after acquiring an additional 13,536 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Affiliated Managers Group by 8.1% in the 3rd quarter. Schroder Investment Management Group now owns 957,620 shares of the asset manager’s stock valued at $130,926,000 after acquiring an additional 72,162 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Affiliated Managers Group by 17.7% in the 2nd quarter. Sterling Capital Management LLC now owns 802,258 shares of the asset manager’s stock valued at $119,272,000 after acquiring an additional 120,592 shares during the last quarter. Finally, Ceredex Value Advisors LLC lifted its stake in shares of Affiliated Managers Group by 61.4% in the 3rd quarter. Ceredex Value Advisors LLC now owns 658,050 shares of the asset manager’s stock valued at $89,969,000 after acquiring an additional 250,225 shares during the last quarter. 92.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Affiliated Managers Group stock traded up $1.41 on Friday, hitting $106.56. The stock had a trading volume of 1,027,627 shares, compared to its average volume of 481,017. Affiliated Managers Group has a twelve month low of $101.34 and a twelve month high of $216.99. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 0.58 and a beta of 1.53.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Thursday, November 8th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Wednesday, November 7th. Affiliated Managers Group’s dividend payout ratio is currently 8.22%.

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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