Equities research analysts predict that Affiliated Managers Group, Inc. (NYSE:AMG) will post earnings per share of $3.28 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Affiliated Managers Group’s earnings, with the lowest EPS estimate coming in at $3.20 and the highest estimate coming in at $3.33. Affiliated Managers Group posted earnings of $3.02 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.6%. The business is expected to report its next quarterly earnings results on Monday, October 30th.

On average, analysts expect that Affiliated Managers Group will report full year earnings of $14.54 per share for the current year, with EPS estimates ranging from $14.34 to $14.88. For the next year, analysts expect that the firm will report earnings of $16.33 per share, with EPS estimates ranging from $15.83 to $17.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, July 31st. The asset manager reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $0.09. The firm had revenue of $570.90 million during the quarter, compared to the consensus estimate of $573.73 million. Affiliated Managers Group had a return on equity of 17.45% and a net margin of 22.99%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the company earned $3.07 EPS.

Several equities analysts recently weighed in on the company. Jefferies Group LLC reiterated a “buy” rating and set a $200.00 target price on shares of Affiliated Managers Group in a research report on Friday. BidaskClub lowered Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Citigroup Inc. lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $180.00 price target for the company. in a research note on Monday, June 5th. ValuEngine lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Affiliated Managers Group has an average rating of “Buy” and a consensus price target of $195.50.

In other news, CEO Sean M. Healey sold 56,928 shares of the stock in a transaction dated 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 owns 206,689 shares in the company, valued at $33,291,397.23. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight D. Churchill sold 3,277 shares of the stock in a transaction dated Monday, June 5th. The shares were 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 owns 7,301 shares of the company’s stock, valued at approximately $1,192,253.30. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of AMG. BlackRock Inc. raised its stake in Affiliated Managers Group by 3,178.4% in the first quarter. BlackRock Inc. now owns 3,425,390 shares of the asset manager’s stock worth $561,556,000 after buying an additional 3,320,906 shares during the period. The Manufacturers Life Insurance Company raised its stake in Affiliated Managers Group by 60.9% in the second quarter. The Manufacturers Life Insurance Company now owns 3,591,358 shares of the asset manager’s stock worth $595,663,000 after buying an additional 1,359,805 shares during the period. Harbour Capital Advisors LLC raised its stake in Affiliated Managers Group by 15,766.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,042,596 shares of the asset manager’s stock worth $6,286,000 after buying an additional 1,036,025 shares during the period. EdgePoint Investment Group Inc. raised its stake in Affiliated Managers Group by 42.2% in the second quarter. EdgePoint Investment Group Inc. now owns 1,932,316 shares of the asset manager’s stock worth $320,494,000 after buying an additional 573,066 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Affiliated Managers Group by 333.2% in the second quarter. Janus Henderson Group PLC now owns 518,866 shares of the asset manager’s stock worth $86,059,000 after buying an additional 399,083 shares during the period. Institutional investors and hedge funds own 95.29% of the company’s stock.

Shares of Affiliated Managers Group (NYSE:AMG) opened at 172.84 on Friday. Affiliated Managers Group has a 12 month low of $130.48 and a 12 month high of $187.08. The firm has a market capitalization of $9.67 billion, a P/E ratio of 19.15 and a beta of 1.65. The company’s 50 day moving average price is $176.68 and its 200-day moving average price is $165.25.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 8.87%.

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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.

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

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