FY2024 Earnings Estimate for AMG Issued By Zacks Research

Affiliated Managers Group, Inc. (NYSE:AMG) – Investment analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for shares of Affiliated Managers Group in a research note issued on Monday, November 25th. Zacks Research analyst R. Department now forecasts that the asset manager will post earnings per share of $21.01 for the year, down from their previous forecast of $21.63. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $20.91 per share. Zacks Research also issued estimates for Affiliated Managers Group’s Q4 2024 earnings at $6.15 EPS, Q1 2026 earnings at $6.40 EPS, Q2 2026 earnings at $6.46 EPS, Q3 2026 earnings at $7.13 EPS and FY2026 earnings at $27.47 EPS.

Affiliated Managers Group (NYSE:AMG) last announced 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). The company had revenue of $525.20 million during the quarter, compared to analysts’ expectations of $521.87 million. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. Affiliated Managers Group’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.08 EPS.

A number of other equities analysts have also recently commented on the company. TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their target price on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Barrington Research reduced their price target on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $196.50.

Affiliated Managers Group Stock Performance

Shares of Affiliated Managers Group stock opened at $187.98 on Thursday. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 0.69 and a beta of 1.18. The stock has a 50 day moving average price of $185.78 and a 200-day moving average price of $171.91. Affiliated Managers Group has a one year low of $134.61 and a one year high of $199.52.

Institutional Trading of Affiliated Managers Group

Large investors have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in Affiliated Managers Group during the 3rd quarter valued at about $30,000. Altshuler Shaham Ltd purchased a new stake in shares of Affiliated Managers Group in the second quarter worth about $28,000. UMB Bank n.a. raised its holdings in Affiliated Managers Group by 481.3% in the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock worth $33,000 after purchasing an additional 154 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Affiliated Managers Group in the 3rd quarter worth about $46,000. Finally, Prospera Private Wealth LLC acquired a new position in Affiliated Managers Group in the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Thursday, November 14th. Affiliated Managers Group’s dividend payout ratio is currently 0.26%.

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.