Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) - Analysts at Barrington Research lifted their Q1 2024 earnings per share (EPS) estimates for Affiliated Managers Group in a research report issued on Tuesday, April 9th. Barrington Research analyst A. Paris now anticipates that the asset manager will post earnings of $5.25 per share for the quarter, up from their previous estimate of $5.13. Barrington Research currently has a "Outperform" rating and a $190.00 target price on the stock. The consensus estimate for Affiliated Managers Group's current full-year earnings is $21.55 per share. Barrington Research also issued estimates for Affiliated Managers Group's Q2 2024 earnings at $4.85 EPS, Q3 2024 earnings at $4.90 EPS, Q4 2024 earnings at $7.50 EPS, FY2024 earnings at $22.50 EPS and FY2025 earnings at $25.00 EPS.
Separately, TD Cowen began coverage on Affiliated Managers Group in a report on Thursday, January 4th. They issued an "outperform" rating and a $185.00 price objective on the stock.
Read Our Latest Analysis on AMG
Affiliated Managers Group Stock Down 1.6 %
Shares of AMG traded down $2.78 during trading hours on Wednesday, hitting $166.74. The company had a trading volume of 203,403 shares, compared to its average volume of 225,708. The firm has a market cap of $5.47 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.60 and a beta of 1.31. The stock's 50 day moving average price is $159.49 and its 200 day moving average price is $145.63. Affiliated Managers Group has a 52-week low of $120.22 and a 52-week high of $169.65.
Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The asset manager reported $6.86 EPS for the quarter, topping the consensus estimate of $6.03 by $0.83. The firm had revenue of $502.70 million for the quarter, compared to the consensus estimate of $524.98 million. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. The company's quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.28 earnings per share.
Institutional Trading of Affiliated Managers Group
Several large investors have recently modified their holdings of AMG. Lindbrook Capital LLC boosted its position in Affiliated Managers Group by 80.0% during the 4th quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager's stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Affiliated Managers Group by 72.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 174 shares of the asset manager's stock valued at $26,000 after acquiring an additional 73 shares in the last quarter. Lazard Asset Management LLC boosted its position in Affiliated Managers Group by 76.3% during the 1st quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager's stock valued at $38,000 after acquiring an additional 119 shares in the last quarter. First Capital Advisors Group LLC. bought a new stake in Affiliated Managers Group during the 2nd quarter valued at approximately $44,000. Finally, Quarry LP boosted its position in Affiliated Managers Group by 1,193.3% during the 1st quarter. Quarry LP now owns 388 shares of the asset manager's stock valued at $55,000 after acquiring an additional 358 shares in the last quarter. 95.30% of the stock is owned by institutional investors.
Affiliated Managers Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were paid a $0.01 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group's payout ratio is presently 0.23%.
About Affiliated Managers Group
(
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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.
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