Affiliated Managers Group, Inc. (NYSE:AMG) – Stock analysts at William Blair boosted their Q3 2017 EPS estimates for shares of Affiliated Managers Group in a report released on Friday. William Blair analyst C. Shutler now anticipates that the asset manager will post earnings of $3.36 per share for the quarter, up from their previous estimate of $3.31. William Blair also issued estimates for Affiliated Managers Group’s FY2017 earnings at $14.52 EPS, Q1 2018 earnings at $3.63 EPS, Q2 2018 earnings at $3.75 EPS, Q3 2018 earnings at $3.70 EPS, Q4 2018 earnings at $5.11 EPS and FY2018 earnings at $16.17 EPS.

Several other analysts also recently issued reports on the company. Jefferies Group LLC reissued a “buy” rating and set a $226.00 target price on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Zacks Investment Research downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Barrington Research reissued an “outperform” rating and set a $215.00 target price on shares of Affiliated Managers Group in a research note on Wednesday, October 4th. They noted that the move was a valuation call. Finally, Credit Suisse Group lifted their target price on Affiliated Managers Group from $205.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $207.25.

ILLEGAL ACTIVITY NOTICE: “Q3 2017 EPS Estimates for Affiliated Managers Group, Inc. (AMG) Increased by Analyst” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/10/23/q3-2017-eps-estimates-for-affiliated-managers-group-inc-amg-increased-by-analyst.html.

Affiliated Managers Group (AMG) opened at 197.54 on Monday. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 21.88 and a beta of 1.66. The stock’s 50 day moving average price is $186.84 and its 200 day moving average price is $171.58. Affiliated Managers Group has a one year low of $130.48 and a one year high of $198.30.

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, topping the Thomson Reuters’ 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 company had revenue of $570.90 million during the quarter, compared to analyst estimates of $573.73 million. During the same quarter in the previous year, the firm earned $3.07 earnings per share. Affiliated Managers Group’s revenue was up 3.0% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OppenheimerFunds Inc. grew its holdings in Affiliated Managers Group by 0.4% during the 1st quarter. OppenheimerFunds Inc. now owns 1,935 shares of the asset manager’s stock valued at $317,000 after buying an additional 7 shares in the last quarter. Stephens Inc. AR grew its holdings in Affiliated Managers Group by 0.4% during the 2nd quarter. Stephens Inc. AR now owns 2,247 shares of the asset manager’s stock valued at $373,000 after buying an additional 9 shares in the last quarter. Contravisory Investment Management Inc. grew its holdings in Affiliated Managers Group by 0.7% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,621 shares of the asset manager’s stock valued at $269,000 after buying an additional 11 shares in the last quarter. Somerset Trust Co grew its holdings in Affiliated Managers Group by 0.4% during the 2nd quarter. Somerset Trust Co now owns 3,779 shares of the asset manager’s stock valued at $627,000 after buying an additional 16 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in Affiliated Managers Group by 2.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock valued at $125,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 96.24% 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)

Receive News & Ratings for Affiliated Managers Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.