Analysts Expect Affiliated Managers Group, Inc. (AMG) Will Announce Earnings of $3.81 Per Share

Brokerages expect Affiliated Managers Group, Inc. (NYSE:AMG) to announce $3.81 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Affiliated Managers Group’s earnings. The highest EPS estimate is $4.01 and the lowest is $3.65. Affiliated Managers Group posted earnings per share of $4.68 in the same quarter last year, which would suggest a negative year-over-year growth rate of 18.6%. The company is expected to announce its next earnings results on Monday, February 4th.

According to Zacks, analysts expect that Affiliated Managers Group will report full-year earnings of $14.80 per share for the current year, with EPS estimates ranging from $14.63 to $15.00. For the next year, analysts expect that the company will post earnings of $15.94 per share, with EPS estimates ranging from $15.40 to $16.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, October 29th. The asset manager reported $3.45 EPS for the quarter, topping the Zacks’ consensus estimate of $3.42 by $0.03. The business 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% on a year-over-year basis. During the same period in the prior year, the company earned $3.41 EPS.

AMG has been the topic of a number of recent research reports. Deutsche Bank decreased their price objective 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. Citigroup increased their price objective on Affiliated Managers Group from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Barrington Research decreased their price objective 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. Finally, Keefe, Bruyette & Woods upgraded Affiliated Managers Group from a “market perform” rating to an “outperform” rating and set a $191.00 price objective on the stock in a research report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $190.50.

AMG traded down $0.66 during mid-day trading on Thursday, reaching $117.00. The stock had a trading volume of 377,900 shares, compared to its average volume of 476,771. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 0.63 and a beta of 1.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.42 and a current ratio of 0.49. Affiliated Managers Group has a 52 week low of $110.27 and a 52 week high of $216.99.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Thursday, November 8th will be given a $0.30 dividend. The ex-dividend date is Wednesday, November 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.03%. Affiliated Managers Group’s payout ratio is 8.22%.

In other news, EVP Hugh Cutler acquired 1,564 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were purchased at an average cost of $115.48 per share, for a total transaction of $180,610.72. Following the transaction, the executive vice president now owns 7,087 shares of the company’s stock, valued at $818,406.76. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.91% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of AMG. IFM Investors Pty Ltd lifted its stake in shares of Affiliated Managers Group by 69.0% in the 2nd quarter. IFM Investors Pty Ltd now owns 1,925 shares of the asset manager’s stock valued at $286,000 after purchasing an additional 786 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Affiliated Managers Group by 22.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 13,440 shares of the asset manager’s stock valued at $1,996,000 after purchasing an additional 2,490 shares during the period. First National Bank of Omaha lifted its stake in shares of Affiliated Managers Group by 9.2% in the 2nd quarter. First National Bank of Omaha now owns 56,221 shares of the asset manager’s stock valued at $9,115,000 after purchasing an additional 4,725 shares during the period. Forte Capital LLC ADV lifted its stake in shares of Affiliated Managers Group by 2.9% in the 2nd quarter. Forte Capital LLC ADV now owns 20,147 shares of the asset manager’s stock valued at $2,995,000 after purchasing an additional 575 shares during the period. Finally, LGT Capital Partners LTD. lifted its stake in shares of Affiliated Managers Group by 86.7% in the 2nd quarter. LGT Capital Partners LTD. now owns 192,251 shares of the asset manager’s stock valued at $28,582,000 after purchasing an additional 89,266 shares during the period. 93.07% of the stock is currently owned by institutional investors.

Affiliated Managers Group Company Profile

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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