Affiliated Managers Group, Inc. (NYSE:AMG) – Equities researchers at Jefferies Group increased their Q3 2017 earnings estimates for Affiliated Managers Group in a research report issued on Tuesday. Jefferies Group analyst D. Fannon now expects that the asset manager will earn $3.36 per share for the quarter, up from their previous estimate of $3.34. Jefferies Group has a “Buy” rating and a $226.00 price target on the stock. Jefferies Group also issued estimates for Affiliated Managers Group’s Q4 2017 earnings at $4.50 EPS, FY2017 earnings at $14.40 EPS, Q1 2018 earnings at $3.51 EPS, Q2 2018 earnings at $3.65 EPS, Q3 2018 earnings at $3.71 EPS, Q4 2018 earnings at $5.26 EPS and FY2019 earnings at $17.29 EPS.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, July 31st. The asset manager reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.09. The business had revenue of $570.90 million for the quarter, compared to the consensus estimate of $573.73 million. Affiliated Managers Group had a net margin of 22.99% and a return on equity of 17.45%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.07 earnings per share. TRADEMARK VIOLATION NOTICE: This article was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://theolympiareport.com/2017/10/13/brokers-set-expectations-for-affiliated-managers-group-inc-s-q3-2017-earnings-amg.html.

Several other research analysts also recently weighed in on AMG. ValuEngine raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. BidaskClub raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $186.00 target price on the stock in a research report on Tuesday, July 4th. Credit Suisse Group reissued a “buy” rating and issued a $207.00 target price on shares of Affiliated Managers Group in a research report on Sunday, July 9th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $215.00 target price on shares of Affiliated Managers Group in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $207.25.

Hedge funds have recently bought and sold shares of the stock. Creative Planning boosted its holdings in shares of Affiliated Managers Group by 15.0% during the second quarter. Creative Planning now owns 705 shares of the asset manager’s stock worth $117,000 after purchasing an additional 92 shares during the period. Advisor Group Inc. boosted its holdings in shares of Affiliated Managers Group by 46.2% during the second quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock worth $120,000 after purchasing an additional 228 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Affiliated Managers Group by 2.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock worth $125,000 after purchasing an additional 16 shares during the period. Financial Architects Inc boosted its holdings in shares of Affiliated Managers Group by 2.1% during the second quarter. Financial Architects Inc now owns 833 shares of the asset manager’s stock worth $138,000 after purchasing an additional 17 shares during the period. Finally, Global X Management Co. LLC boosted its holdings in shares of Affiliated Managers Group by 78.5% during the second quarter. Global X Management Co. LLC now owns 980 shares of the asset manager’s stock worth $163,000 after purchasing an additional 431 shares during the period. Institutional investors and hedge funds own 96.27% of the company’s stock.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

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

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