Affiliated Managers Group Inc. (NYSE:AMG) – Stock analysts at Barrington Research lifted their Q3 2016 earnings per share (EPS) estimates for shares of Affiliated Managers Group in a research note issued on Thursday. Barrington Research analyst A. Paris. Jr now anticipates that the brokerage will post earnings per share of $2.97 for the quarter, up from their prior forecast of $2.96. Barrington Research also issued estimates for Affiliated Managers Group’s FY2016 earnings at $12.82 EPS and FY2017 earnings at $15.10 EPS.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, August 1st. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.05. Affiliated Managers Group had a net margin of 20.47% and a return on equity of 18.39%. The firm earned $646.60 million during the quarter, compared to the consensus estimate of $565.16 million. During the same period in the prior year, the firm earned $3.08 EPS. The business’s revenue was down 14.3% on a year-over-year basis.

Earnings History and Estimates for Affiliated Managers Group (NYSE:AMG)

A number of other brokerages have also commented on AMG. Deutsche Bank AG cut their price objective on shares of Affiliated Managers Group from $210.00 to $207.00 and set a “buy” rating on the stock in a research report on Thursday, June 16th. Credit Suisse Group AG reissued an “outperform” rating and issued a $212.00 price objective on shares of Affiliated Managers Group in a research report on Thursday, September 8th. Zacks Investment Research raised shares of Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Friday, September 9th. Capital One Financial Corp. reissued a “buy” rating and issued a $188.00 price objective on shares of Affiliated Managers Group in a research report on Wednesday, October 5th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Affiliated Managers Group from $215.00 to $196.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 2nd. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $179.92.

Shares of Affiliated Managers Group (NYSE:AMG) opened at 153.06 on Monday. The firm has a 50-day moving average of $144.49 and a 200-day moving average of $153.65. Affiliated Managers Group has a one year low of $115.97 and a one year high of $190.74. The company has a market capitalization of $8.25 billion, a P/E ratio of 17.80 and a beta of 1.56.

Several institutional investors have recently added to or reduced their stakes in the stock. Calvert Investment Management Inc. boosted its stake in shares of Affiliated Managers Group by 0.4% in the second quarter. Calvert Investment Management Inc. now owns 4,083 shares of the company’s stock worth $575,000 after buying an additional 18 shares during the last quarter. Pennsylvania Trust Co boosted its stake in shares of Affiliated Managers Group by 1.1% in the second quarter. Pennsylvania Trust Co now owns 2,376 shares of the company’s stock worth $334,000 after buying an additional 26 shares during the last quarter. Ropes Wealth Advisors LLC boosted its stake in shares of Affiliated Managers Group by 1.7% in the second quarter. Ropes Wealth Advisors LLC now owns 1,779 shares of the company’s stock worth $250,000 after buying an additional 29 shares during the last quarter. Ranger Investment Management L.P. boosted its stake in shares of Affiliated Managers Group by 0.3% in the second quarter. Ranger Investment Management L.P. now owns 9,475 shares of the company’s stock worth $1,334,000 after buying an additional 30 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in shares of Affiliated Managers Group by 0.6% in the second quarter. World Asset Management Inc now owns 5,092 shares of the company’s stock worth $717,000 after buying an additional 32 shares during the last quarter.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.

5 Day Chart for NYSE:AMG

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