Wall Street brokerages expect Affiliated Managers Group, Inc. (NYSE:AMG) to announce $604.20 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Affiliated Managers Group’s earnings, with estimates ranging from $601.20 million to $606.40 million. Affiliated Managers Group posted sales of $550.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.8%. The company is expected to issue its next quarterly earnings report on Monday, January 29th.

According to Zacks, analysts expect that Affiliated Managers Group will report full-year sales of $604.20 million for the current financial year, with estimates ranging from $2.30 billion to $2.31 billion. For the next year, analysts expect that the company will report sales of $2.47 billion per share, with estimates ranging from $2.41 billion to $2.55 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $586.55 million. During the same quarter in the prior year, the business posted $3.02 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year.

Several brokerages recently weighed in on AMG. Zacks Investment Research cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Credit Suisse Group reaffirmed a “hold” rating and set a $215.00 target price on shares of Affiliated Managers Group in a research note on Friday. Jefferies Group reaffirmed a “buy” rating and set a $226.00 target price on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Finally, Barrington Research reaffirmed 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. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Affiliated Managers Group currently has an average rating of “Buy” and an average price target of $211.00.

In related news, Director Dwight D. Churchill sold 2,080 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $184.28, for a total transaction of $383,302.40. Following the completion of the transaction, the director now owns 6,104 shares of the company’s stock, valued at $1,124,845.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sean M. Healey sold 69,800 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $185.48, for a total value of $12,946,504.00. Following the transaction, the chief executive officer now directly owns 194,943 shares of the company’s stock, valued at approximately $36,158,027.64. The disclosure for this sale can be found here. Insiders have sold 89,585 shares of company stock valued at $16,734,012 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Douglas Lane & Associates LLC purchased a new stake in shares of Affiliated Managers Group during the third quarter valued at $200,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Affiliated Managers Group by 31.6% during the third quarter. BNP Paribas Arbitrage SA now owns 35,948 shares of the asset manager’s stock valued at $6,824,000 after purchasing an additional 8,641 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Affiliated Managers Group by 2.1% during the third quarter. Rhumbline Advisers now owns 103,393 shares of the asset manager’s stock valued at $19,627,000 after purchasing an additional 2,148 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Affiliated Managers Group during the second quarter valued at $712,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Affiliated Managers Group by 16.3% during the third quarter. JPMorgan Chase & Co. now owns 593,301 shares of the asset manager’s stock valued at $112,364,000 after purchasing an additional 83,018 shares during the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group (NYSE AMG) traded up $0.21 during trading hours on Tuesday, hitting $203.01. The stock had a trading volume of 387,241 shares, compared to its average volume of 292,200. Affiliated Managers Group has a 12 month low of $139.52 and a 12 month high of $207.67. The company has a market capitalization of $11,272.01, a PE ratio of 21.97, a price-to-earnings-growth ratio of 0.73 and a beta of 1.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61.

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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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