Affiliated Managers Group Inc. (NYSE:AMG) – Jefferies Group upped their Q3 2016 EPS estimates for Affiliated Managers Group in a report issued on Tuesday. Jefferies Group analyst D. Fannon now expects that the brokerage will post earnings of $3.02 per share for the quarter, up from their previous forecast of $3.01. Jefferies Group currently has a “Buy” rating and a $193.00 price target on the stock.

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

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

Other equities analysts have also recently issued reports about the stock. Deutsche Bank AG reissued a “buy” rating on shares of Affiliated Managers Group in a research report on Sunday, July 10th. Keefe, Bruyette & Woods reduced their price target 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. Zacks Investment Research cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, TheStreet cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $179.75.

Affiliated Managers Group (NYSE:AMG) traded down 1.80% during trading on Thursday, reaching $143.19. 224,777 shares of the company’s stock traded hands. Affiliated Managers Group has a 12 month low of $115.97 and a 12 month high of $190.74. The firm has a market cap of $7.71 billion, a PE ratio of 16.65 and a beta of 1.56. The firm has a 50 day moving average price of $145.00 and a 200-day moving average price of $153.41.

Large investors have recently bought and sold shares of the stock. Calvert Investment Management Inc. raised 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 valued at $575,000 after buying an additional 18 shares during the last quarter. Pennsylvania Trust Co raised 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 valued at $334,000 after buying an additional 26 shares during the last quarter. Ropes Wealth Advisors LLC raised 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 valued at $250,000 after buying an additional 29 shares during the last quarter. Ranger Investment Management L.P. raised 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 valued at $1,334,000 after buying an additional 30 shares during the last quarter. Finally, World Asset Management Inc raised 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 valued at $717,000 after buying an additional 32 shares during the last quarter.

About Affiliated Managers Group

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.

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