Affiliated Managers Group, Inc. (NYSE:AMG) – Equities research analysts at Barrington Research upped their Q3 2017 earnings per share estimates for Affiliated Managers Group in a report issued on Wednesday. Barrington Research analyst A. Paris. Jr now anticipates that the asset manager will post earnings of $3.33 per share for the quarter, up from their prior estimate of $3.29. Barrington Research has a “Outperform” rating and a $215.00 price objective on the stock. Barrington Research also issued estimates for Affiliated Managers Group’s FY2018 earnings at $16.40 EPS.

A number of other equities analysts have also recently issued reports on AMG. ValuEngine upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. BidaskClub upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a research note on Tuesday, July 4th. Credit Suisse Group AG restated a “buy” rating and set a $207.00 price objective on shares of Affiliated Managers Group in a research note on Sunday, July 9th. Finally, Jefferies Group LLC restated a “buy” rating and set a $200.00 price objective on shares of Affiliated Managers Group in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Affiliated Managers Group presently has an average rating of “Buy” and an average target price of $202.25.

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Shares of Affiliated Managers Group (NYSE:AMG) opened at 195.22 on Friday. The firm has a market cap of $10.92 billion, a PE ratio of 21.63 and a beta of 1.66. Affiliated Managers Group has a 52-week low of $130.48 and a 52-week high of $196.77. The company’s 50-day moving average price is $180.32 and its 200-day moving average price is $168.95.

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

Several institutional investors have recently bought and sold shares of the company. OppenheimerFunds Inc. lifted its stake in Affiliated Managers Group by 0.4% in the 1st quarter. OppenheimerFunds Inc. now owns 1,935 shares of the asset manager’s stock valued at $317,000 after purchasing an additional 7 shares during the last quarter. Stephens Inc. AR lifted its stake in Affiliated Managers Group by 0.4% in the 2nd quarter. Stephens Inc. AR now owns 2,247 shares of the asset manager’s stock valued at $373,000 after purchasing an additional 9 shares during the last quarter. Contravisory Investment Management Inc. lifted its stake in Affiliated Managers Group by 0.7% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,621 shares of the asset manager’s stock valued at $269,000 after purchasing an additional 11 shares during the last quarter. Somerset Trust Co lifted its stake in Affiliated Managers Group by 0.4% in the 2nd quarter. Somerset Trust Co now owns 3,779 shares of the asset manager’s stock valued at $627,000 after purchasing an additional 16 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in Affiliated Managers Group by 2.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock valued at $125,000 after purchasing an additional 16 shares during the last quarter. Institutional investors own 96.27% 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.

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

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