$4.51 Earnings Per Share Expected for Affiliated Managers Group, Inc. (AMG) This Quarter

Wall Street analysts forecast that Affiliated Managers Group, Inc. (NYSE:AMG) will post earnings of $4.51 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Affiliated Managers Group’s earnings. The lowest EPS estimate is $4.45 and the highest is $4.59. Affiliated Managers Group posted earnings of $3.80 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.7%. The business is expected to issue its next quarterly earnings report on Monday, January 29th.

According to Zacks, analysts expect that Affiliated Managers Group will report full-year earnings of $14.47 per share for the current year, with EPS estimates ranging from $14.41 to $14.54. For the next financial year, analysts expect that the business will report earnings of $16.54 per share, with EPS estimates ranging from $16.06 to $17.08. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.36 by $0.05. The company had revenue of $585.70 million for the quarter, compared to analyst estimates of $586.55 million. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.02 EPS.

A number of equities research analysts have issued reports on AMG shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 target price on the stock in a report on Monday, October 2nd. Jefferies Group restated a “buy” rating and issued a $226.00 price objective on shares of Affiliated Managers Group in a report on Thursday, October 12th. Finally, Barrington Research restated an “outperform” rating and issued a $215.00 price objective on shares of Affiliated Managers Group in a report on Wednesday, October 4th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $207.25.

In related news, CEO Sean M. Healey sold 69,800 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $185.48, for a total value of $12,946,504.00. Following the transaction, the chief executive officer now directly owns 194,943 shares of the company’s stock, valued at approximately $36,158,027.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight D. Churchill sold 2,080 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $184.28, for a total transaction of $383,302.40. Following the completion of the transaction, the director now directly owns 6,104 shares in the company, valued at $1,124,845.12. The disclosure for this sale can be found here. Insiders sold a total of 89,585 shares of company stock worth $16,734,012 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Affiliated Managers Group by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,574,012 shares of the asset manager’s stock worth $924,505,000 after purchasing an additional 270,929 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Affiliated Managers Group by 60.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,591,358 shares of the asset manager’s stock worth $595,663,000 after purchasing an additional 1,359,805 shares during the last quarter. State Street Corp grew its position in Affiliated Managers Group by 6.7% during the 2nd quarter. State Street Corp now owns 2,757,345 shares of the asset manager’s stock worth $457,334,000 after purchasing an additional 174,278 shares during the last quarter. Atlanta Capital Management Co. L L C grew its position in Affiliated Managers Group by 0.6% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,973,612 shares of the asset manager’s stock worth $327,343,000 after purchasing an additional 10,982 shares during the last quarter. Finally, EdgePoint Investment Group Inc. grew its position in Affiliated Managers Group by 42.2% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 1,932,316 shares of the asset manager’s stock worth $320,494,000 after purchasing an additional 573,066 shares during the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Affiliated Managers Group (AMG) traded up $0.61 during trading on Thursday, reaching $204.67. 207,100 shares of the company’s stock were exchanged, compared to its average volume of 401,815. The firm has a market cap of $11,340.00, a price-to-earnings ratio of 22.15, a PEG ratio of 0.96 and a beta of 1.71. Affiliated Managers Group has a 12 month low of $139.52 and a 12 month high of $205.62. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61.

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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.

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