Equities research analysts forecast that Affiliated Managers Group, Inc. (NYSE:AMG) will post $586.73 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Affiliated Managers Group’s earnings. The highest sales estimate is $605.00 million and the lowest is $576.80 million. Affiliated Managers Group posted sales of $604.10 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.9%. The company is scheduled to issue its next quarterly earnings results on Monday, February 4th.

On average, analysts expect that Affiliated Managers Group will report full-year sales of $2.40 billion for the current year, with estimates ranging from $2.39 billion to $2.42 billion. For the next year, analysts expect that the company will post sales of $2.40 billion, with estimates ranging from $2.33 billion to $2.50 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, October 29th. The asset manager reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.42 by $0.03. Affiliated Managers Group had a net margin of 29.38% and a return on equity of 19.37%. The company had revenue of $601.30 million during the quarter, compared to analyst estimates of $604.82 million. During the same quarter last year, the business posted $3.41 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis.

A number of research firms have commented on AMG. Zacks Investment Research reissued a “sell” rating on shares of Affiliated Managers Group in a research report on Monday. Deutsche Bank cut their target price on shares of Affiliated Managers Group from $166.00 to $164.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Citigroup cut their target price on shares of Affiliated Managers Group from $195.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Barrington Research cut their target price on shares of Affiliated Managers Group from $200.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, October 29th. Finally, Keefe, Bruyette & Woods raised shares of Affiliated Managers Group from a “market perform” rating to an “outperform” rating and set a $191.00 target price on the stock in a research report on Monday, July 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Affiliated Managers Group has an average rating of “Hold” and an average price target of $190.50.

AMG traded up $2.22 on Friday, reaching $113.29. 649,879 shares of the company traded hands, compared to its average volume of 476,512. Affiliated Managers Group has a one year low of $108.95 and a one year high of $216.99. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 0.62 and a beta of 1.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.49 and a quick ratio of 0.42.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Thursday, November 8th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 7th. Affiliated Managers Group’s dividend payout ratio (DPR) is 8.22%.

In other Affiliated Managers Group news, EVP Hugh Cutler bought 1,564 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were acquired at an average price of $115.48 per share, with a total value of $180,610.72. Following the transaction, the executive vice president now owns 7,087 shares of the company’s stock, valued at approximately $818,406.76. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.91% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Zions Bancorporation purchased a new position in shares of Affiliated Managers Group in the 3rd quarter worth approximately $170,000. Trust Co. of Toledo NA OH purchased a new position in shares of Affiliated Managers Group in the 3rd quarter worth approximately $202,000. Candriam Luxembourg S.C.A. purchased a new position in shares of Affiliated Managers Group in the 3rd quarter worth approximately $204,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Affiliated Managers Group in the 3rd quarter worth approximately $223,000. Finally, Alta Capital Management LLC purchased a new stake in Affiliated Managers Group during the 3rd quarter worth approximately $227,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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.

Recommended Story: How mutual funds make money

Get a free copy of the Zacks research report on Affiliated Managers Group (AMG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Affiliated Managers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group and related companies with MarketBeat.com's FREE daily email newsletter.