Q4 2017 Earnings Estimate for Affiliated Managers Group, Inc. (AMG) Issued By Barrington Research

Affiliated Managers Group, Inc. (NYSE:AMG) – Stock analysts at Barrington Research dropped their Q4 2017 earnings estimates for shares of Affiliated Managers Group in a note issued to investors on Monday. Barrington Research analyst A. Paris. Jr now anticipates that the asset manager will post earnings of $4.59 per share for the quarter, down from their prior forecast of $4.60. Barrington Research currently has a “Outperform” rating and a $215.00 price target on the stock.

A number of other equities analysts have also recently commented on the company. Credit Suisse Group reaffirmed a “buy” rating and issued a $207.00 price target on shares of Affiliated Managers Group in a research note on Sunday, July 9th. BidaskClub raised Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $229.00 price target on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Zacks Investment Research raised Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a research note on Monday, October 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $226.00 price target on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $207.25.

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Shares of Affiliated Managers Group (NYSE:AMG) traded up 0.753% on Wednesday, reaching $187.905. The company’s stock had a trading volume of 66,560 shares. The stock has a market cap of $10.52 billion, a P/E ratio of 20.816 and a beta of 1.66. Affiliated Managers Group has a 12 month low of $130.48 and a 12 month high of $198.40. The firm’s 50-day moving average price is $189.61 and its 200-day moving average price is $173.15.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.36 by $0.05. The firm had revenue of $585.70 million during the quarter, compared to the consensus estimate of $586.55 million. Affiliated Managers Group had a return on equity of 17.65% and a net margin of 23.29%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.02 earnings per share.

Hedge funds have recently modified their holdings of the company. Tributary Capital Management LLC bought a new stake in shares of Affiliated Managers Group in the 3rd quarter worth approximately $100,000. Creative Planning grew its position in shares of Affiliated Managers Group by 15.0% in the 2nd quarter. Creative Planning now owns 705 shares of the asset manager’s stock worth $117,000 after buying an additional 92 shares during the last quarter. Advisor Group Inc. grew its position in shares of Affiliated Managers Group by 46.2% in the 2nd quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock worth $120,000 after buying an additional 228 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Affiliated Managers Group by 2.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock worth $125,000 after buying an additional 16 shares during the last quarter. Finally, Financial Architects Inc grew its position in shares of Affiliated Managers Group by 2.1% in the 2nd quarter. Financial Architects Inc now owns 833 shares of the asset manager’s stock worth $138,000 after buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 8.66%.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

Earnings History and Estimates for Affiliated Managers Group (NYSE:AMG)

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