Affiliated Managers Group, Inc. Expected to Post Q4 2024 Earnings of $6.80 Per Share (NYSE:AMG)

Affiliated Managers Group, Inc. (NYSE:AMG) – Stock analysts at Zacks Research reduced their Q4 2024 earnings per share estimates for Affiliated Managers Group in a report issued on Tuesday, April 9th. Zacks Research analyst R. Department now expects that the asset manager will earn $6.80 per share for the quarter, down from their previous estimate of $6.84. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $21.55 per share. Zacks Research also issued estimates for Affiliated Managers Group’s Q2 2025 earnings at $6.07 EPS, Q3 2025 earnings at $5.98 EPS, Q4 2025 earnings at $5.94 EPS, FY2025 earnings at $23.47 EPS and Q1 2026 earnings at $6.67 EPS.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, February 5th. The asset manager reported $6.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.83. The firm had revenue of $502.70 million for the quarter, compared to the consensus estimate of $524.98 million. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $7.28 earnings per share.

Other equities research analysts also recently issued research reports about the company. TD Cowen assumed coverage on Affiliated Managers Group in a research report on Thursday, January 4th. They set an “outperform” rating and a $185.00 target price on the stock. Barrington Research increased their target price on Affiliated Managers Group from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday.

Affiliated Managers Group Price Performance

NYSE:AMG opened at $166.15 on Thursday. The company has a market cap of $5.45 billion, a P/E ratio of 9.58, a P/E/G ratio of 0.60 and a beta of 1.31. The stock’s fifty day moving average price is $160.15 and its two-hundred day moving average price is $145.92. Affiliated Managers Group has a 1 year low of $120.22 and a 1 year high of $169.65.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a $0.01 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.23%.

Institutional Investors Weigh In On Affiliated Managers Group

A number of large investors have recently added to or reduced their stakes in AMG. Natixis Advisors L.P. raised its position in Affiliated Managers Group by 2.5% during the first quarter. Natixis Advisors L.P. now owns 12,741 shares of the asset manager’s stock valued at $1,796,000 after purchasing an additional 310 shares in the last quarter. Bank of Montreal Can raised its position in Affiliated Managers Group by 88.9% during the first quarter. Bank of Montreal Can now owns 8,484 shares of the asset manager’s stock valued at $1,239,000 after purchasing an additional 3,992 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Affiliated Managers Group by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,898 shares of the asset manager’s stock valued at $2,100,000 after purchasing an additional 1,420 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Affiliated Managers Group by 8.3% during the first quarter. Great West Life Assurance Co. Can now owns 23,046 shares of the asset manager’s stock valued at $3,341,000 after buying an additional 1,772 shares during the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of Affiliated Managers Group by 2.1% during the first quarter. Yousif Capital Management LLC now owns 23,530 shares of the asset manager’s stock valued at $3,317,000 after buying an additional 491 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

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.