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

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

On average, analysts expect that Affiliated Managers Group will report full year earnings of $14.47 per share for the current financial year, with EPS estimates ranging from $14.41 to $14.54. For the next fiscal 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’ earnings per share calculations are a mean average based on a survey of sell-side analysts 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.36 by $0.05. The firm had revenue of $585.70 million for the quarter, compared to analysts’ expectations of $586.55 million. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.02 EPS.

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

In other news, insider Peter W. Macewen sold 10,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $197.67, for a total transaction of $1,976,700.00. Following the sale, the insider now directly owns 37,682 shares of the company’s stock, valued at approximately $7,448,600.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sean M. Healey sold 69,800 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $185.48, for a total value of $12,946,504.00. Following the sale, the chief executive officer now directly owns 194,943 shares in the company, valued at $36,158,027.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,585 shares of company stock worth $16,734,012. Insiders own 1.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in shares of Affiliated Managers Group by 39.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,613 shares of the asset manager’s stock worth $268,000 after buying an additional 457 shares during the last quarter. Comerica Bank raised its position in Affiliated Managers Group by 1.9% in the second quarter. Comerica Bank now owns 13,892 shares of the asset manager’s stock valued at $2,488,000 after purchasing an additional 254 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Affiliated Managers Group by 2.0% during the second quarter. State Board of Administration of Florida Retirement System now owns 76,250 shares of the asset manager’s stock worth $12,647,000 after acquiring an additional 1,470 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Affiliated Managers Group by 2.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 157,344 shares of the asset manager’s stock worth $26,097,000 after acquiring an additional 4,428 shares during the last quarter. Finally, Aviva PLC raised its position in shares of Affiliated Managers Group by 2.6% during the second quarter. Aviva PLC now owns 34,519 shares of the asset manager’s stock worth $5,726,000 after acquiring an additional 870 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors.

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

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About Affiliated Managers Group

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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