Affiliated Managers Group, Inc. (NYSE:AMG) – William Blair upped their Q1 2017 EPS estimates for shares of Affiliated Managers Group in a research note issued on Monday. William Blair analyst C. Shutler now expects that the asset manager will earn $3.19 per share for the quarter, up from their prior estimate of $3.15. William Blair also issued estimates for Affiliated Managers Group’s Q2 2017 earnings at $3.34 EPS, Q3 2017 earnings at $3.41 EPS, FY2017 earnings at $14.46 EPS and FY2018 earnings at $15.91 EPS.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, January 30th. The asset manager reported $3.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.70 by $0.10. Affiliated Managers Group had a return on equity of 17.65% and a net margin of 21.48%. The firm earned $550.30 million during the quarter, compared to analyst estimates of $563.42 million. During the same quarter in the previous year, the company posted $3.61 earnings per share. The company’s revenue was down 6.7% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: “Brokers Set Expectations for Affiliated Managers Group, Inc.’s Q1 2017 Earnings (AMG)” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/04/20/brokers-set-expectations-for-affiliated-managers-group-inc-s-q1-2017-earnings-amg.html.

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

Several other analysts also recently weighed in on the stock. Citigroup Inc decreased their price target on shares of Affiliated Managers Group from $185.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, January 25th. Jefferies Group LLC reissued a “buy” rating on shares of Affiliated Managers Group in a report on Monday, March 27th. Zacks Investment Research lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Monday, January 9th. Goldman Sachs Group Inc lowered shares of Affiliated Managers Group from a “conviction-buy” rating to a “buy” rating and set a $190.00 price objective on the stock. in a report on Wednesday, January 4th. Finally, Credit Suisse Group AG set a $194.00 price objective on shares of Affiliated Managers Group and gave the company a “buy” rating in a report on Tuesday, January 31st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $171.22.

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Shares of Affiliated Managers Group (NYSE:AMG) opened at 162.77 on Thursday. The company has a market cap of $9.23 billion, a price-to-earnings ratio of 19.00 and a beta of 1.59. Affiliated Managers Group has a 52 week low of $130.48 and a 52 week high of $179.85. The firm’s 50-day moving average price is $163.13 and its 200 day moving average price is $152.54.

Institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its position in Affiliated Managers Group by 33.9% in the third quarter. Great West Life Assurance Co. Can now owns 163,556 shares of the asset manager’s stock valued at $23,692,000 after buying an additional 41,437 shares in the last quarter. FMR LLC raised its position in Affiliated Managers Group by 108.8% in the fourth quarter. FMR LLC now owns 753,403 shares of the asset manager’s stock valued at $109,469,000 after buying an additional 392,642 shares in the last quarter. UBS Oconnor LLC purchased a new position in Affiliated Managers Group during the third quarter valued at about $3,043,000. First Interstate Bank raised its position in Affiliated Managers Group by 1,273.3% in the fourth quarter. First Interstate Bank now owns 824 shares of the asset manager’s stock valued at $120,000 after buying an additional 764 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Affiliated Managers Group by 108.7% in the third quarter. Teachers Advisors LLC now owns 119,297 shares of the asset manager’s stock valued at $17,262,000 after buying an additional 62,144 shares in the last quarter. 98.85% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:AMG

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