Affiliated Managers Group, Inc. (AMG) to Release Quarterly Earnings on Monday
Affiliated Managers Group, Inc. (NYSE:AMG) is scheduled to announce its earnings results before the market opens on Monday, July 31st. Analysts expect the company to announce earnings of $3.25 per share for the quarter.
Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results 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 firm had revenue of $544.30 million during the quarter, compared to analyst estimates of $551.56 million. During the same quarter in the prior year, the firm earned $2.94 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, analysts expect Affiliated Managers Group to post $14.55 EPS for the current fiscal year and $16.22 EPS for the next fiscal year.
Shares of Affiliated Managers Group, Inc. (AMG) opened at 178.35 on Monday. The stock’s 50 day moving average is $166.61 and its 200 day moving average is $160.29. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 20.29 and a beta of 1.63. Affiliated Managers Group, Inc. has a 52-week low of $130.48 and a 52-week high of $179.81.
A number of research firms recently commented on AMG. BidaskClub raised Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Credit Suisse Group reaffirmed a “buy” rating and set a $207.00 target price on shares of Affiliated Managers Group in a report on Sunday, July 9th. Zacks Investment Research raised Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $186.00 target price for the company in a report on Tuesday, July 4th. Deutsche Bank AG decreased their target price on Affiliated Managers Group from $183.00 to $182.00 and set a “hold” rating for the company in a report on Tuesday, April 18th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $185.00 target price on shares of Affiliated Managers Group in a report on Tuesday, April 4th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $189.38.
In other news, Director Dwight D. Churchill sold 3,277 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $163.30, for a total value of $535,134.10. Following the completion of the sale, the director now directly owns 7,301 shares in the company, valued at $1,192,253.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sean M. Healey sold 56,928 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were 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 owns 206,689 shares of the company’s stock, valued at $33,291,397.23. The disclosure for this sale can be found here. Insiders sold 69,107 shares of company stock valued at $11,065,554 over the last 90 days. Company insiders own 1.40% of the company’s stock.
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.
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