Zacks Research Analysts Reduce Earnings Estimates for AMG

Key Points

• Zacks Research has revised down its earnings estimate for Affiliated Managers Group's Q2 2026 EPS to $5.94, slightly lower than the previous estimate of $5.95, while maintaining a "Hold" rating on the stock.
• Several investment firms have upgraded Affiliated Managers Group from "Hold" to "Buy" ratings, with new price targets ranging from $255.00 to $285.00, reflecting increased confidence in the stock.
• The company recently reported earnings that exceeded expectations, with an EPS of $5.39 for the last quarter, despite a decline in year-over-year revenue of 1.4%.

Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) - Investment analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for shares of Affiliated Managers Group in a report released on Monday, October 13th. Zacks Research analyst Team now forecasts that the asset manager will earn $5.94 per share for the quarter, down from their previous forecast of $5.95. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Affiliated Managers Group's current full-year earnings is $22.86 per share. Zacks Research also issued estimates for Affiliated Managers Group's Q3 2026 earnings at $6.42 EPS.

A number of other equities analysts also recently issued reports on the company. TD Cowen raised Affiliated Managers Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $214.00 to $255.00 in a research note on Monday, August 4th. Wall Street Zen upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Cowen upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Monday, August 4th. Barrington Research upped their price target on Affiliated Managers Group from $240.00 to $285.00 and gave the stock an "outperform" rating in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price target on Affiliated Managers Group from $240.00 to $280.00 and gave the stock a "buy" rating in a report on Monday, October 6th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $272.60.

Affiliated Managers Group Trading Up 2.7%

Shares of AMG stock opened at $237.06 on Tuesday. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. The stock has a 50 day simple moving average of $230.12 and a 200-day simple moving average of $198.72. Affiliated Managers Group has a 12-month low of $139.22 and a 12-month high of $250.15.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results on Thursday, July 31st. The asset manager reported $5.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.26 by $0.13. The business had revenue of $493.20 million during the quarter, compared to the consensus estimate of $506.46 million. Affiliated Managers Group had a return on equity of 16.11% and a net margin of 21.79%.The company's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.67 EPS.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Clarkston Capital Partners LLC lifted its stake in shares of Affiliated Managers Group by 0.8% during the 1st quarter. Clarkston Capital Partners LLC now owns 1,585,324 shares of the asset manager's stock worth $266,382,000 after purchasing an additional 13,135 shares during the period. Millennium Management LLC lifted its stake in shares of Affiliated Managers Group by 314.3% during the 1st quarter. Millennium Management LLC now owns 1,265,655 shares of the asset manager's stock worth $212,668,000 after purchasing an additional 960,158 shares during the period. LSV Asset Management lifted its stake in shares of Affiliated Managers Group by 1.7% during the 2nd quarter. LSV Asset Management now owns 476,224 shares of the asset manager's stock worth $93,707,000 after purchasing an additional 8,140 shares during the period. Northern Trust Corp lifted its stake in shares of Affiliated Managers Group by 10.2% during the 1st quarter. Northern Trust Corp now owns 385,292 shares of the asset manager's stock worth $64,741,000 after purchasing an additional 35,681 shares during the period. Finally, Norges Bank purchased a new position in shares of Affiliated Managers Group during the 2nd quarter worth $71,779,000. Hedge funds and other institutional investors own 95.30% of the company's stock.

Insider Buying and Selling

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 16,000 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $231.03, for a total transaction of $3,696,480.00. Following the sale, the chief operating officer owned 158,710 shares in the company, valued at approximately $36,666,771.30. This represents a 9.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.20% of the company's stock.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Monday, August 11th. Affiliated Managers Group's dividend payout ratio is 0.29%.

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.

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