FY2024 Earnings Estimate for AMG Issued By Zacks Research

Affiliated Managers Group, Inc. (NYSE:AMG) – Research analysts at Zacks Research lowered their FY2024 earnings estimates for shares of Affiliated Managers Group in a research report issued to clients and investors on Thursday, January 2nd. Zacks Research analyst R. Department now expects that the asset manager will earn $20.89 per share for the year, down from their previous forecast of $21.01. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $20.91 per share. Zacks Research also issued estimates for Affiliated Managers Group’s Q4 2024 earnings at $6.03 EPS, Q1 2025 earnings at $5.07 EPS, Q2 2025 earnings at $4.90 EPS, Q3 2025 earnings at $5.57 EPS, Q2 2026 earnings at $6.30 EPS and Q3 2026 earnings at $6.74 EPS.

Other analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Barrington Research dropped their price objective on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $193.00 to $191.00 in a research note on Monday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $195.40.

Affiliated Managers Group Stock Performance

AMG opened at $184.53 on Monday. Affiliated Managers Group has a twelve month low of $145.36 and a twelve month high of $199.52. The business has a 50 day moving average price of $186.37 and a 200 day moving average price of $177.55. The firm has a market cap of $5.58 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.69 and a beta of 1.15.

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

Institutional Trading of Affiliated Managers Group

Several institutional investors have recently modified their holdings of the company. World Investment Advisors LLC acquired a new stake in Affiliated Managers Group during the third quarter worth $2,592,000. Asset Management One Co. Ltd. increased its stake in Affiliated Managers Group by 94.3% in the third quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager’s stock valued at $1,884,000 after acquiring an additional 5,142 shares during the period. Foundry Partners LLC bought a new position in Affiliated Managers Group during the second quarter worth about $574,000. XTX Topco Ltd boosted its holdings in Affiliated Managers Group by 178.9% during the second quarter. XTX Topco Ltd now owns 5,269 shares of the asset manager’s stock valued at $823,000 after purchasing an additional 3,380 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at approximately $543,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a $0.01 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.26%.

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.