Equities analysts predict that Affiliated Managers Group, Inc. (NYSE:AMG) will report earnings per share (EPS) of $3.39 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Affiliated Managers Group’s earnings. The lowest EPS estimate is $3.31 and the highest is $3.42. Affiliated Managers Group reported earnings per share of $3.41 during the same quarter last year, which indicates a negative year over year growth rate of 0.6%. The company is scheduled to announce its next earnings report on Monday, October 29th.

According to Zacks, analysts expect that Affiliated Managers Group will report full-year earnings of $15.46 per share for the current financial year, with EPS estimates ranging from $15.06 to $16.08. For the next fiscal year, analysts anticipate that the firm will post earnings of $17.50 per share, with EPS estimates ranging from $17.07 to $17.91. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, July 30th. The asset manager reported $3.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.59 by $0.02. Affiliated Managers Group had a net margin of 29.59% and a return on equity of 19.44%. The business had revenue of $600.10 million for the quarter, compared to analyst estimates of $604.68 million. During the same quarter last year, the business earned $3.33 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year.

Several analysts have recently issued reports on the stock. ValuEngine lowered shares of Affiliated Managers Group from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. Citigroup lifted their target price on shares of Affiliated Managers Group from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Deutsche Bank dropped their target price on shares of Affiliated Managers Group from $207.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, July 31st. Zacks Investment Research lowered shares of Affiliated Managers Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th. Finally, Keefe, Bruyette & Woods upgraded shares of Affiliated Managers Group from a “market perform” rating to an “outperform” rating and set a $191.00 target price on the stock in a research report on Monday, July 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Affiliated Managers Group has a consensus rating of “Hold” and an average target price of $207.63.

Shares of NYSE AMG opened at $147.55 on Friday. Affiliated Managers Group has a 52-week low of $142.79 and a 52-week high of $216.99. The stock has a market capitalization of $7.94 billion, a PE ratio of 10.11, a P/E/G ratio of 0.73 and a beta of 1.52. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.43.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 23rd. Investors of record on Thursday, August 9th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, August 8th. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. Affiliated Managers Group’s payout ratio is presently 8.22%.

In related news, Director Dwight D. Churchill sold 1,981 shares of the business’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $166.28, for a total transaction of $329,400.68. Following the transaction, the director now directly owns 6,469 shares in the company, valued at $1,075,665.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Optimum Investment Advisors acquired a new position in Affiliated Managers Group during the first quarter worth about $104,000. Cornerstone Wealth Management LLC acquired a new position in Affiliated Managers Group during the second quarter worth about $156,000. Cerebellum GP LLC acquired a new position in Affiliated Managers Group during the second quarter worth about $172,000. ClariVest Asset Management LLC acquired a new position in Affiliated Managers Group during the first quarter worth about $175,000. Finally, Koch Industries Inc. acquired a new position in Affiliated Managers Group during the first quarter worth about $209,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

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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