Research Analysts Issue Forecasts for Affiliated Managers Group, Inc.’s Q1 2018 Earnings (AMG)

Affiliated Managers Group, Inc. (NYSE:AMG) – Equities researchers at Barrington Research issued their Q1 2018 earnings estimates for shares of Affiliated Managers Group in a research note issued to investors on Wednesday. Barrington Research analyst A. Paris. Jr anticipates that the asset manager will post earnings per share of $3.80 for the quarter. Barrington Research currently has a “Outperform” rating and a $215.00 target price on the stock. Barrington Research also issued estimates for Affiliated Managers Group’s Q2 2018 earnings at $3.85 EPS, Q3 2018 earnings at $3.90 EPS, Q4 2018 earnings at $5.60 EPS and FY2018 earnings at $17.15 EPS.

AMG has been the topic of a number of other research reports. Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $230.00 target price on the stock in a research note on Tuesday, January 2nd. Credit Suisse Group reaffirmed a “hold” rating and set a $215.00 target price on shares of Affiliated Managers Group in a research note on Friday, January 12th. Goldman Sachs Group lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 target price on the stock. in a research note on Tuesday, January 9th. Citigroup raised shares of Affiliated Managers Group from a “neutral” rating to a “buy” rating in a research note on Friday. Finally, Jefferies Group reaffirmed a “buy” rating and set a $226.00 target price on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $211.00.

Shares of Affiliated Managers Group (NYSE:AMG) opened at $212.00 on Thursday. The stock has a market cap of $11,412.08, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 0.73 and a beta of 1.71. Affiliated Managers Group has a twelve month low of $141.58 and a twelve month high of $213.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.61 and a quick ratio of 0.61.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.36 by $0.05. The business had revenue of $585.70 million for the quarter, compared to analyst estimates of $586.55 million. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.02 EPS.

A number of large investors have recently bought and sold shares of the stock. Stephens Inc. AR boosted its stake in Affiliated Managers Group by 0.4% during the second quarter. Stephens Inc. AR now owns 2,247 shares of the asset manager’s stock worth $373,000 after acquiring an additional 9 shares in the last quarter. Bancorpsouth Inc. boosted its stake in Affiliated Managers Group by 12.0% during the second quarter. Bancorpsouth Inc. now owns 1,695 shares of the asset manager’s stock worth $281,000 after acquiring an additional 181 shares in the last quarter. Advisor Group Inc. boosted its stake in Affiliated Managers Group by 46.2% during the second quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock worth $120,000 after acquiring an additional 228 shares in the last quarter. Norinchukin Bank The boosted its stake in Affiliated Managers Group by 12.1% during the second quarter. Norinchukin Bank The now owns 2,235 shares of the asset manager’s stock worth $371,000 after acquiring an additional 242 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in Affiliated Managers Group by 4.1% during the third quarter. Mutual of America Capital Management LLC now owns 7,242 shares of the asset manager’s stock worth $1,375,000 after acquiring an additional 284 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Sean M. Healey sold 69,800 shares of Affiliated Managers Group stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $185.48, for a total transaction of $12,946,504.00. Following the sale, the chief executive officer now owns 194,943 shares of the company’s stock, valued at approximately $36,158,027.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight D. Churchill sold 2,080 shares of Affiliated Managers Group stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $184.28, for a total transaction of $383,302.40. Following the sale, the director now directly owns 6,104 shares in the company, valued at approximately $1,124,845.12. The disclosure for this sale can be found here. Insiders have sold a total of 89,585 shares of company stock worth $16,734,012 in the last ninety days. Insiders own 1.40% of the company’s stock.

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Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

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