Affiliated Managers Group (AMG) to Release Quarterly Earnings on Monday

Affiliated Managers Group (NYSE:AMG) will issue its quarterly earnings data before the market opens on Monday, January 29th. Analysts expect the company to announce earnings of $4.50 per share for the quarter.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, October 30th. The asset manager reported $3.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.36 by $0.05. The firm had revenue of $585.70 million for the quarter, compared to analysts’ expectations of $586.55 million. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $3.02 EPS. On average, analysts expect Affiliated Managers Group to post $14 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Shares of Affiliated Managers Group (AMG) opened at $212.00 on Monday. The firm has a market cap of $11,783.38, a price-to-earnings ratio of 22.94, a PEG ratio of 0.76 and a beta of 1.71. Affiliated Managers Group has a 52-week low of $141.58 and a 52-week high of $213.86. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24.

In other Affiliated Managers Group news, Director Dwight D. Churchill sold 2,080 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter W. Macewen sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $197.67, for a total transaction of $1,976,700.00. Following the completion of the transaction, the insider now owns 37,682 shares in the company, valued at approximately $7,448,600.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,585 shares of company stock worth $16,734,012. 1.40% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $229.00 target price on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Citigroup upgraded shares of Affiliated Managers Group from a “neutral” rating to a “buy” rating in a research report on Friday. Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 target price on the stock. in a research report on Tuesday, January 9th. Finally, Credit Suisse Group cut shares of Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 target price on the stock. in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $211.00.

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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.

Earnings History for Affiliated Managers Group (NYSE:AMG)

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