Affiliated Managers Group Inc. (NYSE:AMG) – Equities research analysts at Jefferies Group cut their FY2016 earnings estimates for Affiliated Managers Group in a report released on Tuesday. Jefferies Group analyst D. Fannon now expects that the firm will post earnings per share of $12.87 for the year, down from their previous forecast of $13.08. Jefferies Group has a “Buy” rating and a $193.00 price target on the stock. Jefferies Group also issued estimates for Affiliated Managers Group’s Q4 2016 earnings at $3.83 EPS, Q1 2017 earnings at $3.26 EPS, Q2 2017 earnings at $3.40 EPS, Q3 2017 earnings at $3.36 EPS, Q4 2017 earnings at $4.86 EPS and FY2017 earnings at $14.86 EPS.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Affiliated Managers Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 20th. Keefe, Bruyette & Woods reduced their price target on Affiliated Managers Group from $215.00 to $196.00 and set an “outperform” rating for the company in a research report on Tuesday, August 2nd. TheStreet cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Credit Suisse Group AG reissued an “outperform” rating and set a $212.00 price objective on shares of Affiliated Managers Group in a research note on Thursday, September 8th. Finally, Capital One Financial Corp. reissued a “buy” rating and set a $188.00 price objective on shares of Affiliated Managers Group in a research note on Wednesday, October 5th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $179.75.

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

Affiliated Managers Group (NYSE:AMG) opened at 142.63 on Wednesday. The firm has a market cap of $7.68 billion, a PE ratio of 16.59 and a beta of 1.56. Affiliated Managers Group has a one year low of $115.97 and a one year high of $190.74. The firm has a 50-day moving average price of $145.04 and a 200-day moving average price of $153.34.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mizuho Asset Management Co. Ltd. increased its position in Affiliated Managers Group by 92.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 729 shares of the company’s stock valued at $103,000 after buying an additional 350 shares in the last quarter. Mycio Wealth Partners LLC increased its position in Affiliated Managers Group by 47.9% in the second quarter. Mycio Wealth Partners LLC now owns 880 shares of the company’s stock valued at $124,000 after buying an additional 285 shares in the last quarter. Advisor Group Inc. bought a new position in Affiliated Managers Group during the second quarter valued at approximately $124,000. FNY Managed Accounts LLC increased its position in Affiliated Managers Group by 360.0% in the second quarter. FNY Managed Accounts LLC now owns 920 shares of the company’s stock valued at $130,000 after buying an additional 720 shares in the last quarter. Finally, Washington Trust Bank increased its position in Affiliated Managers Group by 90.1% in the second quarter. Washington Trust Bank now owns 998 shares of the company’s stock valued at $140,000 after buying an additional 473 shares in 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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