Affiliated Managers Group (NYSE:AMG – Get Free Report) announced its earnings results on Monday. The asset manager reported $5.37 earnings per share for the quarter, topping the consensus estimate of $5.21 by $0.16, Yahoo Finance reports. The company had revenue of $499.90 million during the quarter, compared to analyst estimates of $524.53 million. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. During the same quarter last year, the firm posted $4.18 earnings per share. Affiliated Managers Group updated its Q2 guidance to $4.50-$4.60 EPS.
Affiliated Managers Group Stock Performance
Shares of AMG opened at $157.44 on Thursday. The stock has a market capitalization of $5.11 billion, a PE ratio of 9.04, a P/E/G ratio of 0.56 and a beta of 1.31. Affiliated Managers Group has a 1 year low of $120.22 and a 1 year high of $169.65. The company’s 50-day simple moving average is $161.51 and its 200-day simple moving average is $150.05.
Affiliated Managers Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Affiliated Managers Group’s dividend payout ratio is presently 0.23%.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on AMG
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.
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