Jefferies Financial Group Comments on Affiliated Managers Group, Inc.’s FY2022 Earnings (NYSE:AMG)

Affiliated Managers Group, Inc. (NYSE:AMGGet Rating) – Equities research analysts at Jefferies Financial Group increased their FY2022 earnings per share (EPS) estimates for Affiliated Managers Group in a research note issued on Tuesday, August 2nd. Jefferies Financial Group analyst D. Fannon now forecasts that the asset manager will post earnings of $18.44 per share for the year, up from their previous estimate of $18.28. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $18.52 per share. Jefferies Financial Group also issued estimates for Affiliated Managers Group’s Q4 2022 earnings at $5.75 EPS, Q1 2023 earnings at $4.57 EPS, Q4 2023 earnings at $5.57 EPS and FY2023 earnings at $19.25 EPS.

Affiliated Managers Group (NYSE:AMGGet Rating) last posted its earnings results on Monday, August 1st. The asset manager reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.95 by $0.08. Affiliated Managers Group had a return on equity of 21.89% and a net margin of 22.69%. During the same quarter last year, the firm earned $4.03 EPS.

Other analysts have also issued reports about the company. Keefe, Bruyette & Woods cut their price target on Affiliated Managers Group from $167.00 to $150.00 and set an “outperform” rating on the stock in a report on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft lifted their target price on Affiliated Managers Group from $133.00 to $154.00 in a research report on Tuesday. Barrington Research lowered their target price on Affiliated Managers Group from $190.00 to $160.00 in a research report on Monday, May 2nd. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 7th. Finally, Citigroup lowered their target price on Affiliated Managers Group from $241.00 to $222.00 in a research report on Tuesday, May 3rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $174.40.

Affiliated Managers Group Trading Down 0.7 %

AMG stock opened at $129.81 on Thursday. The firm has a market cap of $5.06 billion, a PE ratio of 9.77, a P/E/G ratio of 0.76 and a beta of 1.31. The business’s 50-day moving average price is $123.01 and its two-hundred day moving average price is $131.50. Affiliated Managers Group has a 1-year low of $109.57 and a 1-year high of $191.62.

Hedge Funds Weigh In On Affiliated Managers Group

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its position in Affiliated Managers Group by 86.8% during the second quarter. Parallel Advisors LLC now owns 241 shares of the asset manager’s stock worth $28,000 after buying an additional 112 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Affiliated Managers Group in the first quarter valued at approximately $30,000. Fifth Third Bancorp grew its position in shares of Affiliated Managers Group by 57.7% in the second quarter. Fifth Third Bancorp now owns 257 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 94 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Affiliated Managers Group by 70.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 206 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 85 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Affiliated Managers Group by 76.3% in the first quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, August 10th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.30%.

Affiliated Managers Group Company Profile

(Get Rating)

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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