Zacks Research Has Bullish Estimate for AMG Q3 Earnings

Affiliated Managers Group, Inc. (NYSE:AMG) – Analysts at Zacks Research lifted their Q3 2027 earnings per share estimates for Affiliated Managers Group in a report released on Monday, November 24th. Zacks Research analyst Team now anticipates that the asset manager will post earnings per share of $7.94 for the quarter, up from their prior estimate of $7.70. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $22.86 per share.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, November 3rd. The asset manager reported $6.10 EPS for the quarter, topping analysts’ consensus estimates of $5.88 by $0.22. Affiliated Managers Group had a net margin of 21.79% and a return on equity of 16.11%. The business had revenue of $528.00 million for the quarter, compared to analyst estimates of $543.39 million. During the same period last year, the firm earned $4.82 earnings per share. Affiliated Managers Group’s revenue for the quarter was up 2.2% compared to the same quarter last year.

AMG has been the subject of a number of other reports. The Goldman Sachs Group lifted their price target on shares of Affiliated Managers Group from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Wall Street Zen upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Barrington Research upped their target price on Affiliated Managers Group from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Cowen reissued a “buy” rating on shares of Affiliated Managers Group in a report on Tuesday, November 4th. Finally, TD Cowen upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $214.00 to $255.00 in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $290.33.

Affiliated Managers Group Stock Up 0.8%

NYSE AMG opened at $268.13 on Tuesday. The firm has a 50-day moving average price of $245.85 and a two-hundred day moving average price of $218.32. Affiliated Managers Group has a 12-month low of $139.22 and a 12-month high of $271.48. The company has a market capitalization of $7.54 billion, a P/E ratio of 19.57, a P/E/G ratio of 0.61 and a beta of 1.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clarkston Capital Partners LLC boosted its stake in shares of Affiliated Managers Group by 0.8% in the 1st quarter. Clarkston Capital Partners LLC now owns 1,585,324 shares of the asset manager’s stock valued at $266,382,000 after purchasing an additional 13,135 shares in the last quarter. Millennium Management LLC boosted its position in Affiliated Managers Group by 314.3% in the first quarter. Millennium Management LLC now owns 1,265,655 shares of the asset manager’s stock valued at $212,668,000 after buying an additional 960,158 shares in the last quarter. Boston Partners grew its stake in shares of Affiliated Managers Group by 2.1% during the third quarter. Boston Partners now owns 1,157,344 shares of the asset manager’s stock worth $275,957,000 after buying an additional 24,217 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Affiliated Managers Group by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 684,116 shares of the asset manager’s stock worth $163,113,000 after buying an additional 7,891 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of Affiliated Managers Group by 0.7% during the third quarter. LSV Asset Management now owns 479,624 shares of the asset manager’s stock worth $114,357,000 after buying an additional 3,400 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Insider Buying and Selling at Affiliated Managers Group

In related news, COO Thomas M. Wojcik sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $231.03, for a total value of $3,696,480.00. Following the sale, the chief operating officer directly owned 158,710 shares of the company’s stock, valued at $36,666,771.30. This trade represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.20% of the stock is currently owned by corporate insiders.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 13th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, November 13th. Affiliated Managers Group’s dividend payout ratio is currently 0.24%.

About Affiliated Managers Group

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.