Affiliated Managers Group, Inc. (NYSE:AMG) – Research analysts at William Blair reduced their FY2017 earnings per share (EPS) estimates for shares of Affiliated Managers Group in a report released on Monday. William Blair analyst C. Shutler now expects that the asset manager will post earnings of $14.44 per share for the year, down from their previous estimate of $14.52. William Blair also issued estimates for Affiliated Managers Group’s FY2018 earnings at $16.06 EPS.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.36 by $0.05. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The company had revenue of $585.70 million during the quarter, compared to analysts’ expectations of $586.55 million. During the same period last year, the business posted $3.02 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/02/fy2017-earnings-forecast-for-affiliated-managers-group-inc-issued-by-william-blair-amg.html.

Other research analysts have also recently issued reports about the company. 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. Jefferies Group LLC reissued a “buy” rating and set a $200.00 target price on shares of Affiliated Managers Group in a research note on Friday, August 18th. BidaskClub cut Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Finally, Credit Suisse Group boosted their target price on Affiliated Managers Group from $205.00 to $223.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $207.25.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Wednesday, November 8th. Affiliated Managers Group’s dividend payout ratio (DPR) is 8.66%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Douglas Lane & Associates LLC purchased a new stake in Affiliated Managers Group during the 3rd quarter worth about $200,000. Schroder Investment Management Group lifted its holdings in Affiliated Managers Group by 8.3% during the 2nd 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. BB&T Corp lifted its holdings in Affiliated Managers Group by 19.4% during the 2nd 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. Pier 88 Investment Partners LLC lifted its holdings in Affiliated Managers Group by 25.0% during the 2nd 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. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Affiliated Managers Group by 2.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 157,344 shares of the asset manager’s stock worth $26,097,000 after buying an additional 4,428 shares during the last quarter. 96.05% of the stock is owned by institutional investors.

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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