Brokerages expect Affiliated Managers Group, Inc. (NYSE:AMG) to announce sales of $586.97 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Affiliated Managers Group’s earnings, with the lowest sales estimate coming in at $580.00 million and the highest estimate coming in at $593.61 million. Affiliated Managers Group posted sales of $544.70 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.8%. The company is scheduled to report its next quarterly earnings report on Monday, October 30th.

According to Zacks, analysts expect that Affiliated Managers Group will report full-year sales of $586.97 million for the current financial year, with estimates ranging from $2.30 billion to $2.32 billion. For the next fiscal year, analysts expect that the business will report sales of $2.47 billion per share, with estimates ranging from $2.40 billion to $2.56 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results 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. Affiliated Managers Group had a return on equity of 17.45% and a net margin of 22.99%. The firm had revenue of $570.90 million for the quarter, compared to analyst estimates of $573.73 million. During the same period last year, the firm posted $3.07 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis.

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a report on Thursday, October 12th. BidaskClub cut Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and set a $226.00 target price on shares of Affiliated Managers Group in a report on Thursday, October 12th. Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 target price for the company in a report on Monday, October 2nd. Finally, Barrington Research restated an “outperform” rating and set a $215.00 target price on shares of Affiliated Managers Group in a report on Wednesday, October 4th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $207.25.

Affiliated Managers Group (NYSE AMG) opened at 195.30 on Tuesday. The company has a market capitalization of $10.93 billion, a P/E ratio of 21.64 and a beta of 1.66. The stock’s 50 day moving average price is $184.12 and its 200-day moving average price is $170.54. Affiliated Managers Group has a 12 month low of $130.48 and a 12 month high of $196.77.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMG. Waldron LP bought a new position in Affiliated Managers Group during the 1st quarter valued at approximately $236,000. Empire Life Investments Inc. bought a new position in shares of Affiliated Managers Group in the 1st quarter worth approximately $4,496,000. UBS Asset Management Americas Inc. raised its position in shares of Affiliated Managers Group by 8.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 136,726 shares of the asset manager’s stock worth $22,415,000 after acquiring an additional 11,200 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Affiliated Managers Group by 3.5% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 1,770 shares of the asset manager’s stock worth $290,000 after acquiring an additional 60 shares in the last quarter. Finally, Credit Agricole S A raised its position in shares of Affiliated Managers Group by 3.7% in the 1st quarter. Credit Agricole S A now owns 9,932 shares of the asset manager’s stock worth $1,628,000 after acquiring an additional 352 shares in the last quarter. 96.24% of the stock is owned by institutional investors and hedge funds.

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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