Wall Street analysts expect Affiliated Managers Group, Inc. (NYSE:AMG) to announce sales of $585.26 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Affiliated Managers Group’s earnings, with the lowest sales estimate coming in at $573.97 million and the highest estimate coming in at $605.00 million. Affiliated Managers Group reported sales of $604.10 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.1%. The company is expected to report its next quarterly earnings results on Monday, February 4th.

On average, analysts expect that Affiliated Managers Group will report full-year sales of $2.40 billion for the current financial year, with estimates ranging from $2.39 billion to $2.42 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.38 billion, with estimates ranging from $2.31 billion to $2.50 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, October 29th. The asset manager reported $3.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.42 by $0.03. The company 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%. Affiliated Managers Group’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.41 EPS.

Several analysts recently commented on the company. Bank of America reaffirmed a “buy” rating and issued a $130.00 price target (down previously from $155.00) on shares of Affiliated Managers Group in a research note on Thursday. Zacks Investment Research lowered Affiliated Managers Group from a “hold” rating to a “sell” rating in a research note on Monday, November 19th. Deutsche Bank decreased their price target on Affiliated Managers Group from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, November 16th. Citigroup decreased their price target on Affiliated Managers Group from $195.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, October 30th. Finally, Barrington Research decreased their price target on Affiliated Managers Group from $200.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, October 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $183.11.

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

A number of institutional investors and hedge funds have recently modified their holdings of AMG. Cornerstone Wealth Management LLC raised its position in Affiliated Managers Group by 24.5% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 28,925 shares of the asset manager’s stock valued at $149,000 after purchasing an additional 5,698 shares during the last quarter. Zions Bancorporation bought a new position in Affiliated Managers Group in the 3rd quarter valued at $170,000. Trust Co. of Toledo NA OH bought a new position in Affiliated Managers Group in the 3rd quarter valued at $202,000. Candriam Luxembourg S.C.A. bought a new position in Affiliated Managers Group in the 3rd quarter valued at $204,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Affiliated Managers Group in the 3rd quarter valued at $223,000. Hedge funds and other institutional investors own 92.19% of the company’s stock.

AMG stock traded down $3.52 during trading on Monday, hitting $103.04. The company had a trading volume of 1,061,362 shares, compared to its average volume of 479,399. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.49 and a quick ratio of 0.42. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 7.06, a P/E/G ratio of 0.59 and a beta of 1.53. Affiliated Managers Group has a fifty-two week low of $101.34 and a fifty-two week high of $216.99.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Thursday, November 8th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Wednesday, November 7th. Affiliated Managers Group’s dividend payout ratio is 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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Earnings History and Estimates for Affiliated Managers Group (NYSE:AMG)

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