Trading Report: The Affiliated Managers Group Inc. Expected to Earn Q3 2016 Earnings of $2.97 Per Share (AMG)

The Affiliated Managers Group Inc. Expected to Earn Q3 2016 Earnings of $2.97 Per Share (AMG)

Affiliated Managers Group Inc. (NYSE:AMG) – Equities research analysts at Barrington Research boosted their Q3 2016 EPS estimates for Affiliated Managers Group in a research report issued to clients and investors on Thursday. Barrington Research analyst A. Paris. Jr now forecasts that the brokerage will post earnings of $2.97 per share for the quarter, up from their prior estimate of $2.96. Barrington Research also issued estimates for Affiliated Managers Group’s FY2016 earnings at $12.82 EPS and FY2017 earnings at $15.10 EPS.

A number of other brokerages also recently commented on AMG. Deutsche Bank AG raised their price objective on shares of Affiliated Managers Group from $186.00 to $188.00 and gave the company a “buy” rating in a research report on Wednesday, October 5th. Jefferies Group restated a “buy” rating on shares of Affiliated Managers Group in a research report on Thursday, August 11th. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Friday, September 9th. Finally, TheStreet downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Affiliated Managers Group currently has a consensus rating of “Buy” and an average price target of $179.92.

Shares of Affiliated Managers Group (NYSE:AMG) opened at 153.06 on Monday. The stock has a 50 day moving average price of $144.49 and a 200-day moving average price of $153.65. Affiliated Managers Group has a 52-week low of $115.97 and a 52-week high of $190.74. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 17.80 and a beta of 1.56.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, August 1st. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.05. The business earned $646.60 million during the quarter, compared to analyst estimates of $565.16 million. Affiliated Managers Group had a return on equity of 18.39% and a net margin of 20.47%. The business’s revenue was down 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.08 earnings per share.

A number of hedge funds have recently added to or reduced their stakes in the company. Mizuho Asset Management Co. Ltd. boosted its stake in Affiliated Managers Group by 92.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 729 shares of the company’s stock valued at $103,000 after buying an additional 350 shares during the last quarter. Mycio Wealth Partners LLC boosted its stake in Affiliated Managers Group by 47.9% in the second quarter. Mycio Wealth Partners LLC now owns 880 shares of the company’s stock valued at $124,000 after buying an additional 285 shares during the last quarter. Advisor Group Inc. purchased a new stake in Affiliated Managers Group during the second quarter valued at approximately $124,000. FNY Managed Accounts LLC boosted its stake in Affiliated Managers Group by 360.0% in the second quarter. FNY Managed Accounts LLC now owns 920 shares of the company’s stock valued at $130,000 after buying an additional 720 shares during the last quarter. Finally, Washington Trust Bank boosted its stake in Affiliated Managers Group by 90.1% in the second quarter. Washington Trust Bank now owns 998 shares of the company’s stock valued at $140,000 after buying an additional 473 shares during the last quarter.

Affiliated Managers Group Company Profile

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