Q4 Earnings Estimate for AMG Issued By Barrington Research

Affiliated Managers Group, Inc. (NYSE:AMG) – Equities research analysts at Barrington Research cut their Q4 2024 EPS estimates for shares of Affiliated Managers Group in a report released on Tuesday, November 5th. Barrington Research analyst A. Paris now forecasts that the asset manager will post earnings of $6.05 per share for the quarter, down from their previous estimate of $6.76. Barrington Research currently has a “Outperform” rating and a $200.00 target price on the stock. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $22.02 per share. Barrington Research also issued estimates for Affiliated Managers Group’s FY2025 earnings at $23.25 EPS.

A number of other equities analysts have also recently weighed in on AMG. StockNews.com cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lowered their price target on Affiliated Managers Group from $219.00 to $204.00 and set a “buy” rating for the company in a research report on Tuesday. Bank of America boosted their price objective on Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Finally, TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $226.00 to $177.00 in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Affiliated Managers Group presently has an average rating of “Hold” and an average target price of $195.50.

Affiliated Managers Group Price Performance

Shares of AMG opened at $183.17 on Thursday. The firm has a 50-day simple moving average of $180.92 and a two-hundred day simple moving average of $169.03. The stock has a market cap of $5.46 billion, a PE ratio of 11.95, a P/E/G ratio of 0.57 and a beta of 1.18. Affiliated Managers Group has a 1-year low of $129.57 and a 1-year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The business had revenue of $525.20 million during the quarter, compared to analysts’ expectations of $521.87 million. During the same quarter in the prior year, the firm earned $4.08 EPS. Affiliated Managers Group’s revenue for the quarter was up 1.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC lifted its stake in Affiliated Managers Group by 87.1% during the first quarter. Lazard Asset Management LLC now owns 18,536 shares of the asset manager’s stock worth $3,103,000 after purchasing an additional 8,628 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of Affiliated Managers Group during the 2nd quarter worth approximately $1,293,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Affiliated Managers Group in the 1st quarter valued at $4,094,000. LSV Asset Management grew its position in shares of Affiliated Managers Group by 10.9% in the 1st quarter. LSV Asset Management now owns 238,504 shares of the asset manager’s stock valued at $39,942,000 after buying an additional 23,454 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Affiliated Managers Group by 40.8% during the 1st quarter. Sei Investments Co. now owns 48,185 shares of the asset manager’s stock worth $8,069,000 after acquiring an additional 13,968 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Thomas M. Wojcik sold 4,786 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $172.71, for a total transaction of $826,590.06. Following the completion of the transaction, the chief operating officer now directly owns 84,392 shares of the company’s stock, valued at $14,575,342.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Thomas M. Wojcik sold 4,786 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $172.71, for a total value of $826,590.06. Following the sale, the chief operating officer now owns 84,392 shares of the company’s stock, valued at $14,575,342.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jay C. Horgen sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the transaction, the chief executive officer now owns 377,276 shares of the company’s stock, valued at $64,883,926.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,408 shares of company stock worth $3,865,068. Corporate insiders own 1.90% of the company’s stock.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date is Thursday, November 14th. Affiliated Managers Group’s dividend payout ratio is currently 0.26%.

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.