$3.79 EPS Expected for Affiliated Managers Group, Inc. (AMG) This Quarter

Equities analysts predict that Affiliated Managers Group, Inc. (NYSE:AMG) will announce earnings per share of $3.79 for the current quarter, according to Zacks. Three analysts have issued estimates for Affiliated Managers Group’s earnings, with the lowest EPS estimate coming in at $3.65 and the highest estimate coming in at $3.91. Affiliated Managers Group reported earnings of $4.68 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 19%. The firm is expected to report its next earnings results on Monday, February 4th.

On average, analysts expect that Affiliated Managers Group will report full-year earnings of $14.78 per share for the current fiscal year, with EPS estimates ranging from $14.63 to $14.90. For the next fiscal year, analysts expect that the firm will report earnings of $15.82 per share, with EPS estimates ranging from $15.40 to $16.15. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, October 29th. The asset manager reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.42 by $0.03. The firm had revenue of $601.30 million during the quarter, compared to analyst estimates of $604.82 million. Affiliated Managers Group had a net margin of 29.38% and a return on equity of 19.37%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $3.41 earnings per share.

A number of equities research analysts have recently issued reports on AMG shares. Deutsche Bank lowered their price target on shares of Affiliated Managers Group from $166.00 to $164.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Zacks Investment Research raised shares of Affiliated Managers Group from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Citigroup lowered their price target on shares of Affiliated Managers Group from $195.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Finally, Barrington Research lowered their price target on shares of Affiliated Managers Group from $200.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $189.75.

Shares of NYSE:AMG opened at $111.31 on Friday. Affiliated Managers Group has a twelve month low of $106.01 and a twelve month high of $216.99. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 0.61 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.49 and a quick ratio of 0.42.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Thursday, November 8th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Wednesday, November 7th. Affiliated Managers Group’s payout ratio is 8.22%.

In related news, EVP Hugh Cutler bought 1,564 shares of the stock in a transaction that occurred on Wednesday, October 31st. The shares were acquired at an average cost of $115.48 per share, with a total value of $180,610.72. Following the completion of the purchase, the executive vice president now directly owns 7,087 shares of the company’s stock, valued at approximately $818,406.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight D. Churchill sold 2,034 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $110.53, for a total transaction of $224,818.02. Following the completion of the sale, the director now directly owns 6,522 shares in the company, valued at $720,876.66. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Redpoint Investment Management Pty Ltd raised its stake in Affiliated Managers Group by 3.8% in the second quarter. Redpoint Investment Management Pty Ltd now owns 9,398 shares of the asset manager’s stock valued at $1,397,000 after purchasing an additional 343 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Affiliated Managers Group by 12.4% in the second quarter. Janney Montgomery Scott LLC now owns 3,466 shares of the asset manager’s stock valued at $515,000 after purchasing an additional 382 shares in the last quarter. New Jersey Better Educational Savings Trust raised its stake in Affiliated Managers Group by 20.0% in the third quarter. New Jersey Better Educational Savings Trust now owns 2,400 shares of the asset manager’s stock valued at $328,000 after purchasing an additional 400 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Affiliated Managers Group by 21.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,339 shares of the asset manager’s stock valued at $348,000 after purchasing an additional 409 shares in the last quarter. Finally, Guinness Asset Management Ltd raised its stake in Affiliated Managers Group by 21.9% in the third quarter. Guinness Asset Management Ltd now owns 2,274 shares of the asset manager’s stock valued at $310,000 after purchasing an additional 409 shares in the last quarter. 92.19% of the stock is currently owned by institutional investors and hedge funds.

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

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