Affiliated Managers Group, Inc. (NYSE:AMG) – Equities researchers at William Blair cut their Q1 2019 earnings per share (EPS) estimates for Affiliated Managers Group in a report issued on Tuesday, February 5th. William Blair analyst C. Shutler now forecasts that the asset manager will post earnings of $3.28 per share for the quarter, down from their prior forecast of $3.29. William Blair also issued estimates for Affiliated Managers Group’s Q2 2019 earnings at $3.31 EPS, Q3 2019 earnings at $3.39 EPS, FY2019 earnings at $14.03 EPS, Q1 2020 earnings at $3.70 EPS, Q3 2020 earnings at $3.83 EPS, Q4 2020 earnings at $4.60 EPS and FY2020 earnings at $15.83 EPS.
Several other equities analysts have also commented on AMG. Deutsche Bank lowered their price objective on Affiliated Managers Group from $187.00 to $172.00 and set a “buy” rating for the company in a research report on Thursday, October 11th. Zacks Investment Research raised Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Barrington Research lowered their price target on Affiliated Managers Group from $200.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, October 29th. Citigroup lowered their price target on Affiliated Managers Group from $195.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. Finally, Bank of America reaffirmed a “buy” rating and issued a $130.00 price target (down previously from $155.00) on shares of Affiliated Managers Group in a research report on Thursday, December 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Affiliated Managers Group currently has an average rating of “Hold” and an average price target of $132.12.
Shares of Affiliated Managers Group stock opened at $110.02 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 0.07. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.82 and a beta of 1.42. Affiliated Managers Group has a 12 month low of $88.46 and a 12 month high of $197.03.
Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, February 4th. The asset manager reported $3.53 EPS for the quarter, beating the consensus estimate of $3.51 by $0.02. The business had revenue of $564.40 million during the quarter, compared to analyst estimates of $568.99 million. Affiliated Managers Group had a return on equity of 17.88% and a net margin of 10.24%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $4.68 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 14th will be given a $0.32 dividend. This is a positive change from Affiliated Managers Group’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, February 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.16%. Affiliated Managers Group’s payout ratio is 8.28%.
In other Affiliated Managers Group news, Director Dwight D. Churchill sold 2,034 shares of the business’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $110.53, for a total value of $224,818.02. Following the completion of the transaction, the director now owns 6,522 shares of the company’s stock, valued at approximately $720,876.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Clarkston Capital Partners LLC bought a new stake in shares of Affiliated Managers Group during the 4th quarter valued at about $54,384,000. Ceredex Value Advisors LLC grew its stake in shares of Affiliated Managers Group by 61.4% during the 3rd quarter. Ceredex Value Advisors LLC now owns 658,050 shares of the asset manager’s stock valued at $89,969,000 after acquiring an additional 250,225 shares during the period. Sirios Capital Management L P grew its stake in shares of Affiliated Managers Group by 66.6% during the 3rd quarter. Sirios Capital Management L P now owns 480,569 shares of the asset manager’s stock valued at $65,703,000 after acquiring an additional 192,084 shares during the period. Credit Suisse AG grew its stake in shares of Affiliated Managers Group by 148.6% during the 3rd quarter. Credit Suisse AG now owns 281,610 shares of the asset manager’s stock valued at $38,502,000 after acquiring an additional 168,312 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Affiliated Managers Group by 4,434.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 150,503 shares of the asset manager’s stock valued at $595,000 after acquiring an additional 147,184 shares during the period. Institutional investors and hedge funds own 93.26% of the company’s stock.
About Affiliated Managers Group
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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