Affiliated Managers Group (NYSE:AMG - Get Free Report) updated its second quarter earnings guidance on Monday. The company provided EPS guidance of $4.50-$4.60 for the period, compared to the consensus EPS estimate of $4.86.
Analyst Upgrades and Downgrades
Separately, Barrington Research boosted their target price on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the company an outperform rating in a research report on Tuesday, April 9th.
Read Our Latest Stock Report on AMG
Affiliated Managers Group Stock Down 1.9 %
Shares of NYSE:AMG traded down $3.12 during trading on Monday, reaching $157.23. 1,095,639 shares of the company traded hands, compared to its average volume of 244,141. The firm has a market capitalization of $5.10 billion, a PE ratio of 9.06, a PEG ratio of 0.56 and a beta of 1.31. Affiliated Managers Group has a 52 week low of $120.22 and a 52 week high of $169.65. The company's 50 day moving average is $161.53 and its two-hundred day moving average is $149.78.
Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings data on Monday, February 5th. The asset manager reported $6.86 earnings per share for the quarter, topping the consensus estimate of $6.03 by $0.83. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The business had revenue of $502.70 million during the quarter, compared to analysts' expectations of $524.98 million. During the same quarter in the prior year, the business posted $7.28 earnings per share. Affiliated Managers Group's revenue was down 6.8% compared to the same quarter last year. As a group, research analysts anticipate that Affiliated Managers Group will post 22.03 EPS for the current year.
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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