Affiliated Managers Group, Inc. (NYSE:AMG) to Post Q3 2022 Earnings of $4.04 Per Share, Jefferies Financial Group Forecasts

Affiliated Managers Group, Inc. (NYSE:AMGGet Rating) – Analysts at Jefferies Financial Group reduced their Q3 2022 earnings per share estimates for shares of Affiliated Managers Group in a report released on Tuesday, August 2nd. Jefferies Financial Group analyst D. Fannon now anticipates that the asset manager will earn $4.04 per share for the quarter, down from their previous estimate of $4.07. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $17.98 per share. Jefferies Financial Group also issued estimates for Affiliated Managers Group’s Q1 2024 earnings at $5.05 EPS, Q2 2024 earnings at $5.03 EPS and FY2024 earnings at $21.39 EPS.

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

Affiliated Managers Group Price Performance

Shares of NYSE AMG opened at $131.86 on Wednesday. Affiliated Managers Group has a 1-year low of $109.57 and a 1-year high of $191.62. The business’s fifty day moving average price is $123.14 and its two-hundred day moving average price is $131.84. The firm has a market capitalization of $5.14 billion, a PE ratio of 9.92, a P/E/G ratio of 0.88 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMGGet Rating) last issued its earnings results on Monday, August 1st. The asset manager reported $2.68 earnings per share for the quarter, missing the consensus estimate of $3.95 by ($1.27). Affiliated Managers Group had a return on equity of 21.89% and a net margin of 22.69%. During the same period last year, the business earned $4.03 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Aigen Investment Management LP acquired a new position in shares of Affiliated Managers Group in the 1st quarter valued at $464,000. Yousif Capital Management LLC acquired a new position in shares of Affiliated Managers Group in the 4th quarter valued at $3,790,000. Inspire Investing LLC acquired a new position in shares of Affiliated Managers Group in the 1st quarter valued at $804,000. Victory Capital Management Inc. boosted its position in shares of Affiliated Managers Group by 0.4% in the 1st quarter. Victory Capital Management Inc. now owns 362,125 shares of the asset manager’s stock valued at $45,472,000 after purchasing an additional 1,555 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Affiliated Managers Group by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the asset manager’s stock valued at $1,484,000 after purchasing an additional 100 shares during the period. Institutional investors own 96.35% of the company’s stock.

Affiliated Managers Group Dividend Announcement

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

Affiliated Managers Group Company Profile

(Get Rating)

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.

Further Reading

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

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