What is Barrington Research’s Forecast for AMG Q4 Earnings?

Affiliated Managers Group, Inc. (NYSE:AMG) – Equities research analysts at Barrington Research lowered their Q4 2024 EPS estimates for shares of Affiliated Managers Group in a report released on Tuesday, November 5th. Barrington Research analyst A. Paris now expects that the asset manager will post earnings per share of $6.05 for the quarter, down from their prior forecast of $6.76. Barrington Research currently has a “Outperform” rating and a $200.00 price target on the stock. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $22.02 per share. Barrington Research also issued estimates for Affiliated Managers Group’s FY2025 earnings at $23.25 EPS.

Several other analysts also recently commented on AMG. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Affiliated Managers Group from $219.00 to $204.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $226.00 to $177.00 in a report on Tuesday. Finally, Bank of America raised their target price on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Affiliated Managers Group has an average rating of “Hold” and a consensus price target of $195.50.

Affiliated Managers Group Price Performance

Shares of NYSE:AMG opened at $184.95 on Thursday. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 0.57 and a beta of 1.18. The firm’s 50 day simple moving average is $181.14 and its 200 day simple moving average is $169.19. Affiliated Managers Group has a fifty-two week low of $129.57 and a fifty-two week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). The firm had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.08 earnings per share.

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is currently 0.26%.

Insider Transactions at Affiliated Managers Group

In other news, COO Thomas M. Wojcik sold 4,786 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $172.71, for a total transaction of $826,590.06. Following the completion of the transaction, the chief operating officer now directly owns 84,392 shares of the company’s stock, valued at $14,575,342.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Rizwan M. Jamal sold 8,622 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $172.89, for a total value of $1,490,657.58. Following the completion of the transaction, the insider now directly owns 128,457 shares of the company’s stock, valued at approximately $22,208,930.73. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas M. Wojcik sold 4,786 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $172.71, for a total transaction of $826,590.06. Following the completion of the transaction, the chief operating officer now directly owns 84,392 shares of the company’s stock, valued at $14,575,342.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,408 shares of company stock valued at $3,865,068 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Affiliated Managers Group

Several hedge funds and other institutional investors have recently made changes to their positions in AMG. Ariel Investments LLC grew its stake in shares of Affiliated Managers Group by 8.7% in the second quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager’s stock valued at $225,411,000 after buying an additional 115,808 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Affiliated Managers Group by 150.1% in the second quarter. Victory Capital Management Inc. now owns 99,407 shares of the asset manager’s stock valued at $15,530,000 after buying an additional 59,659 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Affiliated Managers Group by 36.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 177,530 shares of the asset manager’s stock valued at $29,731,000 after buying an additional 47,239 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Affiliated Managers Group by 70.6% in the third quarter. Los Angeles Capital Management LLC now owns 100,072 shares of the asset manager’s stock valued at $17,793,000 after buying an additional 41,413 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in Affiliated Managers Group by 74.8% during the 2nd quarter. Algert Global LLC now owns 89,254 shares of the asset manager’s stock valued at $13,944,000 after purchasing an additional 38,206 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Company Profile

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.