What is Zacks Research’s Estimate for AMG FY2024 Earnings?

Affiliated Managers Group, Inc. (NYSE:AMG) – Investment analysts at Zacks Research reduced their FY2024 EPS estimates for shares of Affiliated Managers Group in a research report issued to clients and investors on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the asset manager will post earnings per share of $21.01 for the year, down from their previous estimate of $21.63. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $21.01 per share. Zacks Research also issued estimates for Affiliated Managers Group’s Q4 2024 earnings at $6.15 EPS, Q1 2026 earnings at $6.40 EPS, Q2 2026 earnings at $6.46 EPS, Q3 2026 earnings at $7.13 EPS and FY2026 earnings at $27.47 EPS.

A number of other analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective 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. Barrington Research dropped their price target on shares of 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. Finally, TD Cowen lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. Three 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 currently has an average rating of “Hold” and an average price target of $196.50.

Affiliated Managers Group Price Performance

AMG opened at $188.46 on Thursday. The stock’s 50 day simple moving average is $185.61 and its 200 day simple moving average is $171.80. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 0.69 and a beta of 1.18. Affiliated Managers Group has a 1 year low of $131.81 and a 1 year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $525.20 million for the quarter, compared to the consensus estimate of $521.87 million. During the same period last year, the business posted $4.08 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year.

Affiliated Managers Group Dividend Announcement

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

Hedge Funds Weigh In On Affiliated Managers Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new stake in Affiliated Managers Group during the 3rd quarter valued at approximately $30,000. Altshuler Shaham Ltd purchased a new position in shares of Affiliated Managers Group in the 2nd quarter valued at approximately $28,000. UMB Bank n.a. lifted its stake in shares of Affiliated Managers Group by 481.3% in the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 154 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Affiliated Managers Group during the third quarter valued at approximately $46,000. Finally, Prospera Private Wealth LLC purchased a new stake in Affiliated Managers Group in the third quarter worth $47,000. Hedge funds and other 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.