Equities Analysts Set Expectations for AMG Q3 Earnings

Affiliated Managers Group, Inc. (NYSE:AMG) – Investment analysts at Zacks Research lifted their Q3 2027 earnings per share estimates for Affiliated Managers Group in a research report issued on Monday, November 24th. Zacks Research analyst Team now expects 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 announced its earnings results on Monday, November 3rd. The asset manager reported $6.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.88 by $0.22. The firm had revenue of $528.00 million during the quarter, compared to analyst estimates of $543.39 million. Affiliated Managers Group had a net margin of 21.79% and a return on equity of 16.11%. Affiliated Managers Group’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.82 EPS.

Other equities research analysts also recently issued reports about the company. Weiss Ratings restated a “buy (b-)” rating on shares of Affiliated Managers Group in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted their price objective on Affiliated Managers Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $282.00 target price on shares of Affiliated Managers Group in a research note on Tuesday, November 4th. TD Cowen raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and upped their price target for the company from $214.00 to $255.00 in a report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $290.33.

Affiliated Managers Group Trading Up 2.4%

Shares of NYSE:AMG opened at $263.05 on Tuesday. The company has a 50 day moving average of $244.64 and a 200-day moving average of $217.37. The firm has a market cap of $7.40 billion, a P/E ratio of 19.20, a P/E/G ratio of 0.61 and a beta of 1.25. Affiliated Managers Group has a twelve month low of $139.22 and a twelve month high of $265.59.

Institutional Investors Weigh In On Affiliated Managers Group

Several hedge funds have recently made changes to their positions in AMG. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Affiliated Managers Group by 428.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 132 shares of the asset manager’s stock worth $26,000 after purchasing an additional 107 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Affiliated Managers Group in the third quarter worth $33,000. Meeder Asset Management Inc. purchased a new position in shares of Affiliated Managers Group during the third quarter valued at $34,000. Hantz Financial Services Inc. grew its holdings in shares of Affiliated Managers Group by 189.8% during the third quarter. Hantz Financial Services Inc. now owns 142 shares of the asset manager’s stock valued at $34,000 after buying an additional 93 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Affiliated Managers Group during the first quarter valued at $36,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Insider Activity at Affiliated Managers Group

In other news, COO Thomas M. Wojcik sold 16,000 shares of Affiliated Managers Group stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $231.03, for a total value of $3,696,480.00. Following the transaction, 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 legal filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by insiders.

Affiliated Managers Group Announces Dividend

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

Affiliated Managers Group Company Profile

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.