Q4 Earnings Estimate for AMG Issued By Barrington Research

Affiliated Managers Group, Inc. (NYSE:AMG) – Investment analysts at Barrington Research decreased their Q4 2024 earnings per share (EPS) estimates for Affiliated Managers Group in a report issued on Tuesday, November 5th. Barrington Research analyst A. Paris now anticipates that the asset manager will earn $6.05 per share for the quarter, down from their prior forecast of $6.76. Barrington Research has a “Outperform” rating and a $200.00 price target on the stock. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $22.02 per share. Barrington Research also issued estimates for Affiliated Managers Group’s FY2025 earnings at $23.25 EPS.

Several other brokerages have also recently issued reports on AMG. Deutsche Bank Aktiengesellschaft decreased their price objective on Affiliated Managers Group from $219.00 to $204.00 and set a “buy” rating for the company in a report on Tuesday. TD Cowen lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $226.00 to $177.00 in a research report on Tuesday. StockNews.com cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Bank of America boosted their target price on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $195.50.

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $183.17 on Thursday. The firm’s fifty day moving average is $180.92 and its two-hundred day moving average is $169.03. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 0.57 and a beta of 1.18. Affiliated Managers Group has a one year low of $129.57 and a one year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The business had revenue of $525.20 million during the quarter, compared to analysts’ expectations of $521.87 million. During the same period last year, the company earned $4.08 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc raised its position in shares of Affiliated Managers Group by 0.6% in the second quarter. Ensign Peak Advisors Inc now owns 9,902 shares of the asset manager’s stock valued at $1,547,000 after buying an additional 60 shares during the last quarter. Blair William & Co. IL raised its holdings in Affiliated Managers Group by 0.5% in the 1st quarter. Blair William & Co. IL now owns 12,924 shares of the asset manager’s stock valued at $2,164,000 after acquiring an additional 69 shares during the last quarter. Covestor Ltd lifted its stake in Affiliated Managers Group by 21.4% in the 3rd quarter. Covestor Ltd now owns 471 shares of the asset manager’s stock worth $84,000 after purchasing an additional 83 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Affiliated Managers Group by 1.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,712 shares of the asset manager’s stock worth $838,000 after purchasing an additional 90 shares during the last quarter. Finally, Kendall Capital Management grew its position in shares of Affiliated Managers Group by 2.5% in the second quarter. Kendall Capital Management now owns 4,135 shares of the asset manager’s stock valued at $646,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Insider Activity

In other Affiliated Managers Group news, CEO Jay C. Horgen sold 9,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the completion of the transaction, the chief executive officer now directly owns 377,276 shares in the company, valued at approximately $64,883,926.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Rizwan M. Jamal sold 8,622 shares of Affiliated Managers Group stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $172.89, for a total value of $1,490,657.58. Following the sale, the insider now directly owns 128,457 shares of the company’s stock, valued at $22,208,930.73. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jay C. Horgen sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $171.98, for a total value of $1,547,820.00. Following the sale, the chief executive officer now owns 377,276 shares of the company’s stock, valued at $64,883,926.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,408 shares of company stock worth $3,865,068 over the last three months. 1.90% of the stock is currently owned by corporate insiders.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date is Thursday, November 14th. Affiliated Managers Group’s payout ratio is currently 0.26%.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.