Wall Street analysts expect Affiliated Managers Group, Inc. (NYSE:AMG) to report earnings of $3.32 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Affiliated Managers Group’s earnings, with estimates ranging from $3.29 to $3.34. Affiliated Managers Group reported earnings per share of $3.02 in the same quarter last year, which suggests a positive year over year growth rate of 9.9%. The company is expected to announce its next quarterly earnings results on Monday, October 30th.

According to Zacks, analysts expect that Affiliated Managers Group will report full year earnings of $14.54 per share for the current fiscal year, with EPS estimates ranging from $14.34 to $14.88. For the next fiscal year, analysts anticipate that the business will post earnings of $16.37 per share, with EPS estimates ranging from $15.83 to $17.40. Zacks’ EPS averages are an average based on a survey of research analysts that cover Affiliated Managers Group.

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

Several analysts recently issued reports 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 report on Tuesday, August 1st. BidaskClub lowered Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $215.00 target price on shares of Affiliated Managers Group in a report on Thursday, August 3rd. Credit Suisse Group upped their target price on Affiliated Managers Group from $205.00 to $223.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Finally, Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $186.00 target price on the stock in a report on Tuesday, July 4th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Affiliated Managers Group presently has a consensus rating of “Buy” and an average price target of $195.50.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. BB&T Corp increased its position in Affiliated Managers Group by 19.4% during the second quarter. BB&T Corp now owns 7,042 shares of the asset manager’s stock worth $1,168,000 after buying an additional 1,143 shares during the last quarter. Schroder Investment Management Group increased its position in Affiliated Managers Group by 8.3% during the second quarter. Schroder Investment Management Group now owns 383,937 shares of the asset manager’s stock worth $63,353,000 after buying an additional 29,297 shares during the last quarter. Pier 88 Investment Partners LLC increased its position in Affiliated Managers Group by 25.0% during the second quarter. Pier 88 Investment Partners LLC now owns 2,500 shares of the asset manager’s stock worth $415,000 after buying an additional 500 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Affiliated Managers Group by 12.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 273,515 shares of the asset manager’s stock worth $44,841,000 after buying an additional 29,626 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in Affiliated Managers Group by 3.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 1,770 shares of the asset manager’s stock worth $290,000 after buying an additional 60 shares during the last quarter. 96.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Affiliated Managers Group (NYSE AMG) traded down 0.013% on Tuesday, hitting $186.765. The stock had a trading volume of 134,887 shares. The stock has a market capitalization of $10.45 billion, a PE ratio of 20.690 and a beta of 1.66. The firm’s 50 day moving average is $177.13 and its 200-day moving average is $166.93. Affiliated Managers Group has a one year low of $130.48 and a one year high of $187.50.

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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