Zacks Research Analysts Boost Earnings Estimates for Affiliated Managers Group, Inc. (NYSE:AMG)

Affiliated Managers Group, Inc. (NYSE:AMGFree Report) – Stock analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for Affiliated Managers Group in a report issued on Thursday, June 13th. Zacks Research analyst R. Department now expects that the asset manager will earn $21.54 per share for the year, up from their previous forecast of $21.50. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $21.72 per share. Zacks Research also issued estimates for Affiliated Managers Group’s Q4 2024 earnings at $6.98 EPS, Q1 2025 earnings at $5.34 EPS, Q3 2025 earnings at $6.17 EPS, Q4 2025 earnings at $7.13 EPS, FY2025 earnings at $24.58 EPS, Q1 2026 earnings at $6.12 EPS and FY2026 earnings at $27.68 EPS.

Several other research analysts have also recently commented on the company. TD Cowen cut their price target on Affiliated Managers Group from $218.00 to $198.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Barrington Research reiterated an “outperform” rating and issued a $190.00 price target on shares of Affiliated Managers Group in a research note on Tuesday, May 7th.

Read Our Latest Report on Affiliated Managers Group

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $148.40 on Friday. Affiliated Managers Group has a one year low of $120.22 and a one year high of $169.65. The business’s 50-day simple moving average is $159.19 and its 200 day simple moving average is $155.44. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 0.50 and a beta of 1.24.

Affiliated Managers Group (NYSE:AMGGet Free Report) last released its quarterly earnings results on Monday, May 6th. The asset manager reported $5.37 EPS for the quarter, topping the consensus estimate of $5.21 by $0.16. Affiliated Managers Group had a return on equity of 16.66% and a net margin of 33.74%. The business had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $524.53 million. During the same quarter in the previous year, the firm posted $4.18 earnings per share.

Affiliated Managers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, May 15th. Affiliated Managers Group’s payout ratio is currently 0.22%.

Institutional Trading of Affiliated Managers Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Corient Private Wealth LLC raised its stake in Affiliated Managers Group by 98.8% during the fourth quarter. Corient Private Wealth LLC now owns 9,551 shares of the asset manager’s stock valued at $1,446,000 after buying an additional 4,747 shares in the last quarter. Bridgewater Associates LP raised its position in shares of Affiliated Managers Group by 24.9% during the 4th quarter. Bridgewater Associates LP now owns 127,360 shares of the asset manager’s stock worth $19,285,000 after purchasing an additional 25,365 shares during the period. Morgan Stanley raised its position in shares of Affiliated Managers Group by 1.7% during the 3rd quarter. Morgan Stanley now owns 2,474,577 shares of the asset manager’s stock worth $322,537,000 after purchasing an additional 41,120 shares during the period. Charles Carroll Financial Partners LLC raised its position in shares of Affiliated Managers Group by 62.3% during the 4th quarter. Charles Carroll Financial Partners LLC now owns 13,150 shares of the asset manager’s stock worth $1,991,000 after purchasing an additional 5,050 shares during the period. Finally, Seven Eight Capital LP acquired a new stake in shares of Affiliated Managers Group during the 4th quarter worth approximately $1,037,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

About Affiliated Managers Group

(Get Free Report)

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.

Further Reading

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

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