Affiliated Managers Group, Inc. Forecasted to Post FY2022 Earnings of $18.44 Per Share (NYSE:AMG)

Affiliated Managers Group, Inc. (NYSE:AMGGet Rating) – Jefferies Financial Group increased their FY2022 earnings estimates for shares of Affiliated Managers Group in a note issued to investors on Tuesday, August 2nd. Jefferies Financial Group analyst D. Fannon now forecasts that the asset manager will earn $18.44 per share for the year, up from their prior forecast of $18.28. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $18.52 per share. Jefferies Financial Group also issued estimates for Affiliated Managers Group’s Q4 2022 earnings at $5.75 EPS, Q1 2023 earnings at $4.57 EPS, Q4 2023 earnings at $5.57 EPS and FY2023 earnings at $19.25 EPS.

Affiliated Managers Group (NYSE:AMGGet Rating) last announced its quarterly earnings results on Monday, August 1st. The asset manager reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.95 by $0.08. Affiliated Managers Group had a net margin of 22.69% and a return on equity of 21.89%. During the same period in the previous year, the business posted $4.03 EPS.

Several other equities analysts have also recently weighed in on AMG. Keefe, Bruyette & Woods dropped their price target on shares of Affiliated Managers Group from $167.00 to $150.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 28th. Citigroup dropped their price target on shares of Affiliated Managers Group from $241.00 to $222.00 in a research report on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Affiliated Managers Group from $133.00 to $154.00 in a research report on Tuesday. Barrington Research dropped their target price on shares of Affiliated Managers Group from $190.00 to $160.00 in a research report on Monday, May 2nd. Finally, StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $174.40.

Affiliated Managers Group Stock Performance

Shares of NYSE AMG opened at $129.81 on Thursday. Affiliated Managers Group has a fifty-two week low of $109.57 and a fifty-two week high of $191.62. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.76 and a beta of 1.31. The firm’s 50-day simple moving average is $123.01 and its 200 day simple moving average is $131.50.

Institutional Investors Weigh In On Affiliated Managers Group

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its stake in Affiliated Managers Group by 86.8% in the 2nd quarter. Parallel Advisors LLC now owns 241 shares of the asset manager’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in Affiliated Managers Group in the 1st quarter valued at approximately $30,000. Fifth Third Bancorp grew its stake in Affiliated Managers Group by 57.7% in the 2nd quarter. Fifth Third Bancorp now owns 257 shares of the asset manager’s stock valued at $30,000 after buying an additional 94 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Affiliated Managers Group by 70.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 206 shares of the asset manager’s stock valued at $33,000 after buying an additional 85 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake 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 valued at $38,000 after buying an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Affiliated Managers Group’s payout ratio is currently 0.30%.

About Affiliated Managers Group

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Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

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Earnings History and Estimates for Affiliated Managers Group (NYSE:AMG)

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