Zacks Research Issues Pessimistic Estimate for AMG Earnings

Affiliated Managers Group, Inc. (NYSE:AMG) – Analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for Affiliated Managers Group in a research note issued on Thursday, January 2nd. Zacks Research analyst R. Department now forecasts that the asset manager will post earnings of $20.89 per share for the year, down from their prior forecast of $21.01. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $20.91 per share. Zacks Research also issued estimates for Affiliated Managers Group’s Q4 2024 earnings at $6.03 EPS, Q1 2025 earnings at $5.07 EPS, Q2 2025 earnings at $4.90 EPS, Q3 2025 earnings at $5.57 EPS, Q2 2026 earnings at $6.30 EPS and Q3 2026 earnings at $6.74 EPS.

Other research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft boosted their target price on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Finally, Barrington Research reduced their price objective on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $196.50.

Affiliated Managers Group Trading Up 0.9 %

NYSE:AMG opened at $188.55 on Monday. Affiliated Managers Group has a 1 year low of $145.36 and a 1 year high of $199.52. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 0.69 and a beta of 1.15. The stock has a 50-day moving average price of $186.58 and a two-hundred day moving average price of $177.34.

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

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s payout ratio is presently 0.26%.

Institutional Trading of Affiliated Managers Group

Several institutional investors and hedge funds have recently bought and sold shares of AMG. Natixis Advisors LLC raised its holdings in Affiliated Managers Group by 3.0% during the second quarter. Natixis Advisors LLC now owns 12,473 shares of the asset manager’s stock worth $1,949,000 after acquiring an additional 368 shares in the last quarter. National Bank of Canada FI raised its stake in Affiliated Managers Group by 34.2% in the second quarter. National Bank of Canada FI now owns 3,157 shares of the asset manager’s stock valued at $489,000 after buying an additional 805 shares during the period. Victory Capital Management Inc. raised its stake in Affiliated Managers Group by 150.1% in the second quarter. Victory Capital Management Inc. now owns 99,407 shares of the asset manager’s stock valued at $15,530,000 after buying an additional 59,659 shares during the period. Foundry Partners LLC bought a new stake in Affiliated Managers Group in the second quarter valued at approximately $574,000. Finally, Los Angeles Capital Management LLC raised its stake in Affiliated Managers Group by 12.7% in the second quarter. Los Angeles Capital Management LLC now owns 58,659 shares of the asset manager’s stock valued at $9,164,000 after buying an additional 6,616 shares during the period. Institutional investors own 95.30% of the company’s stock.

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.