Affiliated Managers Group Inc. Expected to Earn Q3 2016 Earnings of $2.97 Per Share (AMG)
Affiliated Managers Group Inc. (NYSE:AMG) – Equities research analysts at Barrington Research boosted their Q3 2016 EPS estimates for Affiliated Managers Group in a research report issued to clients and investors on Thursday. Barrington Research analyst A. Paris. Jr now forecasts that the brokerage will post earnings of $2.97 per share for the quarter, up from their prior estimate of $2.96. Barrington Research also issued estimates for Affiliated Managers Group’s FY2016 earnings at $12.82 EPS and FY2017 earnings at $15.10 EPS.
A number of other brokerages also recently commented on AMG. Deutsche Bank AG raised their price objective on shares of Affiliated Managers Group from $186.00 to $188.00 and gave the company a “buy” rating in a research report on Wednesday, October 5th. Jefferies Group restated a “buy” rating on shares of Affiliated Managers Group in a research report on Thursday, August 11th. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Friday, September 9th. Finally, TheStreet downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Affiliated Managers Group currently has a consensus rating of “Buy” and an average price target of $179.92.
Shares of Affiliated Managers Group (NYSE:AMG) opened at 153.06 on Monday. The stock has a 50 day moving average price of $144.49 and a 200-day moving average price of $153.65. Affiliated Managers Group has a 52-week low of $115.97 and a 52-week high of $190.74. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 17.80 and a beta of 1.56.
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Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, August 1st. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.05. The business earned $646.60 million during the quarter, compared to analyst estimates of $565.16 million. Affiliated Managers Group had a return on equity of 18.39% and a net margin of 20.47%. The business’s revenue was down 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.08 earnings per share.
A number of hedge funds have recently added to or reduced their stakes in the company. Mizuho Asset Management Co. Ltd. boosted its stake in Affiliated Managers Group by 92.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 729 shares of the company’s stock valued at $103,000 after buying an additional 350 shares during the last quarter. Mycio Wealth Partners LLC boosted its stake in Affiliated Managers Group by 47.9% in the second quarter. Mycio Wealth Partners LLC now owns 880 shares of the company’s stock valued at $124,000 after buying an additional 285 shares during the last quarter. Advisor Group Inc. purchased a new stake in Affiliated Managers Group during the second quarter valued at approximately $124,000. FNY Managed Accounts LLC boosted its stake in Affiliated Managers Group by 360.0% in the second quarter. FNY Managed Accounts LLC now owns 920 shares of the company’s stock valued at $130,000 after buying an additional 720 shares during the last quarter. Finally, Washington Trust Bank boosted its stake in Affiliated Managers Group by 90.1% in the second quarter. Washington Trust Bank now owns 998 shares of the company’s stock valued at $140,000 after buying an additional 473 shares during the last quarter.
Affiliated Managers Group Company Profile
Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.
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