Equities analysts expect Affiliated Managers Group, Inc. (NYSE:AMG) to announce earnings per share (EPS) of $4.53 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Affiliated Managers Group’s earnings. The lowest EPS estimate is $4.49 and the highest is $4.60. Affiliated Managers Group reported earnings per share of $3.80 in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.2%. The company is expected to announce its next earnings report on Monday, January 29th.

According to Zacks, analysts expect that Affiliated Managers Group will report full-year earnings of $14.48 per share for the current year, with EPS estimates ranging from $14.44 to $14.56. For the next fiscal year, analysts expect that the company will post earnings of $17.08 per share, with EPS estimates ranging from $16.06 to $18.37. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $586.55 million. During the same period in the previous year, the firm posted $3.02 EPS. Affiliated Managers Group’s revenue was up 7.5% compared to the same quarter last year.

Several research firms recently issued reports on AMG. Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $230.00 price objective on the stock in a report on Tuesday, January 2nd. Credit Suisse Group cut Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 price objective on the stock. in a report on Wednesday, January 3rd. Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 price objective on the stock. in a report on Tuesday, January 9th. Jefferies Group reiterated a “buy” rating and issued a $226.00 price objective on shares of Affiliated Managers Group in a report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $229.00 price objective on shares of Affiliated Managers Group in a report on Thursday, October 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $211.00.

Shares of Affiliated Managers Group (NYSE AMG) opened at $202.80 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.24. Affiliated Managers Group has a twelve month low of $139.52 and a twelve month high of $207.67. The stock has a market capitalization of $11,270.00, a PE ratio of 21.95, a P/E/G ratio of 0.72 and a beta of 1.71.

In other news, Director Patrick T. Ryan sold 7,705 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $185.27, for a total transaction of $1,427,505.35. Following the transaction, the director now directly owns 6,797 shares in the company, valued at approximately $1,259,280.19. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dwight D. Churchill sold 2,080 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $184.28, for a total value of $383,302.40. Following the transaction, the director now owns 6,104 shares in the company, valued at $1,124,845.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,585 shares of company stock worth $16,734,012. Insiders own 1.40% of the company’s stock.

Several institutional investors have recently modified their holdings of AMG. Tributary Capital Management LLC acquired a new position in shares of Affiliated Managers Group during the 3rd quarter worth approximately $100,000. Advisor Group Inc. boosted its holdings in shares of Affiliated Managers Group by 46.2% during the 2nd quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock worth $120,000 after purchasing an additional 228 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Affiliated Managers Group by 7.9% during the 2nd quarter. Pacer Advisors Inc. now owns 1,183 shares of the asset manager’s stock valued at $196,000 after buying an additional 87 shares during the period. Douglas Lane & Associates LLC purchased a new stake in shares of Affiliated Managers Group during the 3rd quarter valued at approximately $200,000. Finally, Conning Inc. purchased a new stake in shares of Affiliated Managers Group during the 3rd quarter valued at approximately $203,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

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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.

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