Equities analysts expect Affiliated Managers Group, Inc. (NYSE:AMG) to report $609.23 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Affiliated Managers Group’s earnings. The lowest sales estimate is $607.30 million and the highest is $610.40 million. Affiliated Managers Group reported sales of $585.70 million during the same quarter last year, which would suggest a positive year over year growth rate of 4%. The company is expected to report its next earnings report on Monday, October 29th.

According to Zacks, analysts expect that Affiliated Managers Group will report full-year sales of $2.45 billion for the current year, with estimates ranging from $2.44 billion to $2.47 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.55 billion per share, with estimates ranging from $2.49 billion to $2.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, July 30th. The asset manager reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.59 by $0.02. The firm had revenue of $600.10 million during the quarter, compared to analysts’ expectations of $604.68 million. Affiliated Managers Group had a net margin of 29.59% and a return on equity of 19.44%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.33 earnings per share.

AMG has been the subject of a number of research reports. ValuEngine cut shares of Affiliated Managers Group from a “hold” rating to a “sell” rating in a report on Friday, June 1st. Zacks Investment Research cut shares of Affiliated Managers Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. TheStreet cut shares of Affiliated Managers Group from a “b-” rating to a “c+” rating in a report on Monday, June 25th. Barrington Research dropped their price objective on shares of Affiliated Managers Group from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, July 16th. Finally, Keefe, Bruyette & Woods upgraded shares of Affiliated Managers Group from a “market perform” rating to an “outperform” rating and set a $191.00 price target for the company in a report on Monday, July 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $207.63.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. grew its holdings in Affiliated Managers Group by 20.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,003 shares of the asset manager’s stock worth $595,000 after acquiring an additional 684 shares in the last quarter. WINTON GROUP Ltd grew its holdings in Affiliated Managers Group by 118.5% during the 2nd quarter. WINTON GROUP Ltd now owns 38,395 shares of the asset manager’s stock worth $5,708,000 after acquiring an additional 20,826 shares in the last quarter. Andra AP fonden grew its holdings in Affiliated Managers Group by 28.4% during the 2nd quarter. Andra AP fonden now owns 51,100 shares of the asset manager’s stock worth $7,597,000 after acquiring an additional 11,300 shares in the last quarter. Verition Fund Management LLC acquired a new position in Affiliated Managers Group during the 2nd quarter worth approximately $3,016,000. Finally, Jane Street Group LLC grew its holdings in Affiliated Managers Group by 1,459.6% during the 2nd quarter. Jane Street Group LLC now owns 19,994 shares of the asset manager’s stock worth $2,973,000 after acquiring an additional 18,712 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Shares of AMG stock traded up $0.03 during trading on Thursday, reaching $142.08. The company’s stock had a trading volume of 330,300 shares, compared to its average volume of 455,247. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $7.64 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 0.71 and a beta of 1.49. Affiliated Managers Group has a 1-year low of $140.43 and a 1-year high of $216.99.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 23rd. Shareholders of record on Thursday, August 9th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.84%. The ex-dividend date was Wednesday, August 8th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 8.22%.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

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

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