Analysts predict that Affiliated Managers Group, Inc. (NYSE:AMG) will post $534.70 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Affiliated Managers Group’s earnings, with estimates ranging from $525.00 million to $553.60 million. Affiliated Managers Group posted sales of $612.40 million in the same quarter last year, which suggests a negative year over year growth rate of 12.7%. The firm is expected to report its next quarterly earnings report on Monday, April 29th.

On average, analysts expect that Affiliated Managers Group will report full year sales of $2.22 billion for the current financial year, with estimates ranging from $2.20 billion to $2.23 billion. For the next financial year, analysts anticipate that the business will report sales of $2.33 billion, with estimates ranging from $2.30 billion to $2.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, February 4th. The asset manager reported $3.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.51 by $0.02. The business had revenue of $564.40 million during the quarter, compared to the consensus estimate of $568.99 million. Affiliated Managers Group had a return on equity of 18.11% and a net margin of 10.24%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $4.68 EPS.

AMG has been the subject of a number of recent research reports. Zacks Investment Research upgraded Affiliated Managers Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. ValuEngine downgraded Affiliated Managers Group from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st. Citigroup downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating in a research note on Monday, January 14th. Deutsche Bank downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their price target for the company from $158.00 to $106.00 in a research note on Thursday, January 10th. Finally, Jefferies Financial Group downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and set a $109.87 price target for the company. in a research note on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $131.23.

In other news, Director Tracy P. Palandjian sold 1,694 shares of Affiliated Managers Group stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $110.64, for a total transaction of $187,424.16. Following the transaction, the director now directly owns 4,291 shares of the company’s stock, valued at approximately $474,756.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.91% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of AMG. Proficio Capital Partners LLC lifted its position in shares of Affiliated Managers Group by 1,295.5% during the 4th quarter. Proficio Capital Partners LLC now owns 307 shares of the asset manager’s stock valued at $30,000 after buying an additional 285 shares in the last quarter. JOYN Advisors Inc. lifted its position in shares of Affiliated Managers Group by 649.1% during the 4th quarter. JOYN Advisors Inc. now owns 397 shares of the asset manager’s stock valued at $39,000 after buying an additional 344 shares in the last quarter. Legacy Bridge LLC purchased a new position in shares of Affiliated Managers Group during the 4th quarter valued at about $44,000. CSat Investment Advisory L.P. lifted its position in shares of Affiliated Managers Group by 173.5% during the 4th quarter. CSat Investment Advisory L.P. now owns 517 shares of the asset manager’s stock valued at $50,000 after buying an additional 328 shares in the last quarter. Finally, Covington Capital Management purchased a new position in shares of Affiliated Managers Group during the 4th quarter valued at about $52,000. 98.23% of the stock is currently owned by hedge funds and other institutional investors.

Affiliated Managers Group stock opened at $113.64 on Friday. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 7.84, a PEG ratio of 0.70 and a beta of 1.49. Affiliated Managers Group has a 52-week low of $88.46 and a 52-week high of $174.50. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.25.

About Affiliated Managers Group

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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