Affiliated Managers Group (AMG) Projected to Post Earnings on Monday

Affiliated Managers Group (NYSE:AMG) will likely be announcing its earnings results before the market opens on Monday, February 3rd. Analysts expect the company to announce earnings of $6.03 per share and revenue of $531,530.00 billion for the quarter. Affiliated Managers Group has set its Q4 guidance at $5.94-6.17 EPS.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The company had revenue of $525.20 million for the quarter, compared to the consensus estimate of $521.87 million. During the same quarter in the previous year, the business earned $4.08 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts expect Affiliated Managers Group to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Affiliated Managers Group Stock Performance

Shares of NYSE:AMG opened at $186.60 on Monday. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 0.68 and a beta of 1.15. The firm has a fifty day moving average price of $185.46 and a 200 day moving average price of $180.21. Affiliated Managers Group has a fifty-two week low of $147.13 and a fifty-two week high of $199.52.

Affiliated Managers Group Announces Dividend

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

Analyst Ratings Changes

AMG has been the topic of several research reports. Barrington Research reduced their target price on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. TD Cowen downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $195.40.

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.