Affiliated Managers Group, Inc. (NYSE:AMG) – Investment analysts at William Blair reduced their Q3 2019 EPS estimates for shares of Affiliated Managers Group in a research report issued to clients and investors on Friday, October 18th. William Blair analyst C. Shutler now anticipates that the asset manager will post earnings of $3.16 per share for the quarter, down from their prior forecast of $3.22. William Blair also issued estimates for Affiliated Managers Group’s Q4 2019 earnings at $3.73 EPS, FY2019 earnings at $13.46 EPS and FY2020 earnings at $14.68 EPS.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, July 29th. The asset manager reported $3.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.19 by $0.14. Affiliated Managers Group had a positive return on equity of 17.68% and a negative net margin of 5.19%. The business had revenue of $591.90 million during the quarter, compared to analysts’ expectations of $540.89 million. During the same period last year, the firm posted $3.61 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year.

AMG has been the topic of a number of other research reports. Bank of America raised their price objective on Affiliated Managers Group from $75.00 to $85.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 8th. ValuEngine upgraded Affiliated Managers Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded Affiliated Managers Group from a “sell” rating to a “hold” rating and set a $81.00 price objective on the stock in a research note on Thursday, October 3rd. Barrington Research set a $100.00 price objective on Affiliated Managers Group and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, Citigroup lowered their price objective on Affiliated Managers Group from $98.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $96.70.

Affiliated Managers Group stock opened at $75.47 on Monday. The stock’s fifty day moving average price is $79.99 and its two-hundred day moving average price is $88.92. Affiliated Managers Group has a one year low of $71.08 and a one year high of $124.28. The firm has a market cap of $3.84 billion, a PE ratio of 5.20, a price-to-earnings-growth ratio of 0.56 and a beta of 1.65.

In other news, Director Nathaniel Dalton sold 23,000 shares of Affiliated Managers Group stock in a transaction on Friday, August 30th. The stock was sold at an average price of $76.86, for a total value of $1,767,780.00. Following the transaction, the director now owns 208,346 shares in the company, valued at approximately $16,013,473.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Samuel T. Byrne purchased 6,589 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was acquired at an average price of $88.77 per share, for a total transaction of $584,905.53. Following the purchase, the director now owns 19,082 shares in the company, valued at approximately $1,693,909.14. The disclosure for this purchase can be found here. 1.43% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of AMG. Clearbridge Investments LLC increased its stake in shares of Affiliated Managers Group by 0.6% in the 1st quarter. Clearbridge Investments LLC now owns 20,137 shares of the asset manager’s stock valued at $2,157,000 after purchasing an additional 124 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Affiliated Managers Group by 85.3% in the 1st quarter. Advisory Services Network LLC now owns 2,325 shares of the asset manager’s stock valued at $249,000 after purchasing an additional 1,070 shares during the last quarter. FMR LLC increased its stake in shares of Affiliated Managers Group by 110.6% in the 1st quarter. FMR LLC now owns 694,862 shares of the asset manager’s stock valued at $74,427,000 after purchasing an additional 364,904 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Affiliated Managers Group by 14.0% in the 1st quarter. First Trust Advisors LP now owns 117,578 shares of the asset manager’s stock valued at $12,594,000 after purchasing an additional 14,420 shares during the last quarter. Finally, Sepio Capital LLC increased its stake in shares of Affiliated Managers Group by 13.7% in the 1st quarter. Sepio Capital LLC now owns 3,910 shares of the asset manager’s stock valued at $419,000 after purchasing an additional 470 shares during the last quarter. Institutional investors own 94.91% of the company’s stock.

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.

Further Reading: What are the advantages of the Stochastic Momentum Index?

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.