Zacks Research Weighs in on Affiliated Managers Group, Inc.'s Q4 2024 Earnings (NYSE:AMG)

Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) - Analysts at Zacks Research decreased their Q4 2024 earnings estimates for shares of Affiliated Managers Group in a report issued on Tuesday, April 9th. Zacks Research analyst R. Department now expects that the asset manager will post earnings per share of $6.80 for the quarter, down from their previous estimate of $6.84. The consensus estimate for Affiliated Managers Group's current full-year earnings is $21.55 per share. Zacks Research also issued estimates for Affiliated Managers Group's Q2 2025 earnings at $6.07 EPS, Q3 2025 earnings at $5.98 EPS, Q4 2025 earnings at $5.94 EPS, FY2025 earnings at $23.47 EPS and Q1 2026 earnings at $6.67 EPS.

Other equities analysts have also issued research reports about the company. TD Cowen initiated coverage on Affiliated Managers Group in a research report on Thursday, January 4th. They issued an "outperform" rating and a $185.00 price target for the company. Barrington Research raised their target price on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the stock an "outperform" rating in a report on Tuesday.

Affiliated Managers Group Price Performance

Shares of AMG traded down $0.59 during trading hours on Thursday, hitting $166.15. 189,749 shares of the company were exchanged, compared to its average volume of 225,194. The company has a market capitalization of $5.45 billion, a PE ratio of 9.58, a PEG ratio of 0.60 and a beta of 1.31. The firm has a fifty day simple moving average of $160.15 and a 200-day simple moving average of $145.92. Affiliated Managers Group has a one year low of $120.22 and a one year high of $169.65.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results on Monday, February 5th. The asset manager reported $6.86 earnings per share for the quarter, topping analysts' consensus estimates of $6.03 by $0.83. The firm had revenue of $502.70 million during the quarter, compared to analysts' expectations of $524.98 million. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The firm's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period last year, the firm posted $7.28 earnings per share.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Wednesday, February 14th. Affiliated Managers Group's dividend payout ratio is currently 0.23%.

Institutional Trading of Affiliated Managers Group

Institutional investors have recently made changes to their positions in the stock. Lindbrook Capital LLC boosted its stake in shares of 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 buying an additional 72 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Affiliated Managers Group by 72.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 174 shares of the asset manager's stock valued at $26,000 after purchasing an additional 73 shares in the last quarter. Lazard Asset Management LLC increased its position in Affiliated Managers Group by 76.3% in the 1st quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager's stock worth $38,000 after purchasing an additional 119 shares during the last quarter. First Capital Advisors Group LLC. purchased a new stake in shares of Affiliated Managers Group during the 2nd quarter worth about $44,000. Finally, Quarry LP lifted its holdings in shares of 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 buying an additional 358 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

About Affiliated Managers Group

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.