Affiliated Managers Group, Inc. (NYSE:AMG) – William Blair boosted their Q4 2017 earnings estimates for shares of Affiliated Managers Group in a report released on Wednesday. William Blair analyst C. Shutler now expects that the asset manager will earn $4.59 per share for the quarter, up from their prior estimate of $4.54.

Other equities research analysts have also issued research reports about the company. BidaskClub upgraded Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Credit Suisse Group reiterated a “buy” rating and issued a $207.00 target price on shares of Affiliated Managers Group in a research report on Sunday, July 9th. Zacks Investment Research lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. ValuEngine upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Citigroup Inc. lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $180.00 price objective on the stock. in a research report on Monday, June 5th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $189.38.

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Shares of Affiliated Managers Group (NYSE:AMG) traded up 0.61% during mid-day trading on Friday, reaching $178.99. 116,848 shares of the company traded hands. The stock has a market capitalization of $10.13 billion, a PE ratio of 20.36 and a beta of 1.64. Affiliated Managers Group has a 52 week low of $130.48 and a 52 week high of $179.81. The firm has a 50 day moving average of $166.61 and a 200-day moving average of $160.29.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, May 1st. The asset manager reported $3.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.18 by $0.03. Affiliated Managers Group had a net margin of 22.31% and a return on equity of 17.53%. The company had revenue of $544.30 million for the quarter, compared to the consensus estimate of $551.56 million. During the same period in the prior year, the firm posted $2.94 EPS. Affiliated Managers Group’s revenue for the quarter was down .2% on a year-over-year basis.

In other Affiliated Managers Group news, CEO Sean M. Healey sold 56,928 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $161.07, for a total value of $9,169,392.96. Following the completion of the sale, the chief executive officer now directly owns 206,689 shares of the company’s stock, valued at approximately $33,291,397.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patrick T. Ryan sold 8,902 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $152.89, for a total value of $1,361,026.78. Following the completion of the sale, the director now directly owns 10,342 shares of the company’s stock, valued at $1,581,188.38. The disclosure for this sale can be found here. Insiders sold a total of 69,107 shares of company stock valued at $11,065,554 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Hedge funds have recently modified their holdings of the company. OppenheimerFunds Inc. increased its stake in shares of Affiliated Managers Group by 0.4% in the first quarter. OppenheimerFunds Inc. now owns 1,935 shares of the asset manager’s stock worth $317,000 after buying an additional 7 shares during the period. Duncker Streett & Co. Inc. increased its stake in shares of Affiliated Managers Group by 0.6% in the first quarter. Duncker Streett & Co. Inc. now owns 1,700 shares of the asset manager’s stock worth $279,000 after buying an additional 10 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Affiliated Managers Group by 0.7% in the first quarter. Wetherby Asset Management Inc. now owns 2,319 shares of the asset manager’s stock worth $380,000 after buying an additional 16 shares during the period. Somerset Trust Co increased its stake in shares of Affiliated Managers Group by 0.4% in the second quarter. Somerset Trust Co now owns 3,779 shares of the asset manager’s stock worth $627,000 after buying an additional 16 shares during the period. Finally, Independent Portfolio Consultants Inc. increased its stake in shares of Affiliated Managers Group by 0.4% in the first quarter. Independent Portfolio Consultants Inc. now owns 5,215 shares of the asset manager’s stock worth $855,000 after buying an additional 20 shares during the period. 94.62% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Company Profile

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.

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

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