Zacks Research Issues Pessimistic Estimate for AMG Earnings

Affiliated Managers Group, Inc. (NYSE:AMG) – Zacks Research reduced their FY2024 earnings per share estimates for Affiliated Managers Group in a note issued to investors on Thursday, January 2nd. Zacks Research analyst R. Department now expects that the asset manager will earn $20.89 per share for the year, down from their previous estimate of $21.01. 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 $6.03 EPS, Q1 2025 earnings at $5.07 EPS, Q2 2025 earnings at $4.90 EPS, Q3 2025 earnings at $5.57 EPS, Q2 2026 earnings at $6.30 EPS and Q3 2026 earnings at $6.74 EPS.

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 the consensus estimate 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 firm had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. During the same period in the previous year, the company posted $4.08 EPS. Affiliated Managers Group’s revenue for the quarter was up 1.7% compared to the same quarter last year.

Several other research firms also recently commented on AMG. Deutsche Bank Aktiengesellschaft upped 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. TD Cowen downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Finally, Barrington Research reduced their price target on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Affiliated Managers Group currently has a consensus rating of “Hold” and an average target price of $196.50.

Affiliated Managers Group Trading Up 0.9 %

Affiliated Managers Group stock opened at $188.55 on Monday. Affiliated Managers Group has a 12 month low of $145.36 and a 12 month high of $199.52. The stock’s 50 day moving average is $186.58 and its 200-day moving average is $177.34. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 0.69 and a beta of 1.15.

Institutional Investors Weigh In On Affiliated Managers Group

Large investors have recently modified their holdings of the business. Ensign Peak Advisors Inc lifted its stake in shares of Affiliated Managers Group by 0.6% in the 2nd quarter. Ensign Peak Advisors Inc now owns 9,902 shares of the asset manager’s stock valued at $1,547,000 after acquiring an additional 60 shares during the last quarter. Covestor Ltd lifted its stake in shares of Affiliated Managers Group by 21.4% in the 3rd quarter. Covestor Ltd now owns 471 shares of the asset manager’s stock valued at $84,000 after acquiring an additional 83 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in Affiliated Managers Group by 1.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,712 shares of the asset manager’s stock worth $838,000 after purchasing an additional 90 shares during the last quarter. GAMMA Investing LLC raised its position in Affiliated Managers Group by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock worth $164,000 after purchasing an additional 94 shares during the last quarter. Finally, Kendall Capital Management raised its position in Affiliated Managers Group by 2.5% during the 2nd quarter. Kendall Capital Management now owns 4,135 shares of the asset manager’s stock worth $646,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Thursday, November 14th. Affiliated Managers Group’s dividend payout ratio is presently 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.