Affiliated Managers Group, Inc. (NYSE:AMG) – Stock analysts at William Blair lifted their Q1 2018 earnings per share estimates for shares of Affiliated Managers Group in a research report issued to clients and investors on Monday. William Blair analyst C. Shutler now expects that the asset manager will post earnings of $3.90 per share for the quarter, up from their previous estimate of $3.77. William Blair also issued estimates for Affiliated Managers Group’s Q2 2018 earnings at $4.04 EPS, Q3 2018 earnings at $4.06 EPS, Q4 2018 earnings at $5.66 EPS, FY2018 earnings at $17.66 EPS, Q1 2019 earnings at $4.21 EPS, Q2 2019 earnings at $4.29 EPS, Q3 2019 earnings at $4.33 EPS, Q4 2019 earnings at $6.08 EPS and FY2019 earnings at $18.90 EPS.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, January 29th. The asset manager reported $4.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.55 by $0.13. Affiliated Managers Group had a return on equity of 18.61% and a net margin of 29.92%. The firm had revenue of $604.10 million during the quarter, compared to the consensus estimate of $608.51 million. During the same quarter in the previous year, the company posted $3.80 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year.

Several other equities analysts also recently issued reports on the company. Barrington Research lifted their price objective on Affiliated Managers Group to $240.00 and gave the company an “outperform” rating in a research report on Tuesday. They noted that the move was a valuation call. Citigroup lifted their price objective on Affiliated Managers Group from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday. Credit Suisse Group reiterated a “hold” rating and issued a $215.00 price objective on shares of Affiliated Managers Group in a research report on Friday, January 12th. Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $225.00 price objective for the company in a research report on Tuesday, January 9th. Finally, Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 price objective for the company. in a research report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Affiliated Managers Group has a consensus rating of “Buy” and an average target price of $224.13.

Affiliated Managers Group (NYSE AMG) opened at $199.63 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.59 and a quick ratio of 0.61. Affiliated Managers Group has a 52-week low of $148.81 and a 52-week high of $216.99. The stock has a market capitalization of $11,295.36, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 0.71 and a beta of 1.71.

Affiliated Managers Group announced that its Board of Directors has approved a share repurchase program on Monday, January 29th that authorizes the company to buyback 3,400,000 shares. This buyback authorization authorizes the asset manager to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.60%. This is an increase from Affiliated Managers Group’s previous quarterly dividend of $0.20. Affiliated Managers Group’s payout ratio is presently 6.63%.

In other news, insider Peter W. Macewen sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $197.67, for a total transaction of $1,976,700.00. Following the completion of the sale, the insider now owns 37,682 shares in the company, valued at $7,448,600.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sean M. Healey sold 69,800 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $185.48, for a total value of $12,946,504.00. Following the sale, the chief executive officer now owns 194,943 shares of the company’s stock, valued at approximately $36,158,027.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,585 shares of company stock valued at $16,734,012. 1.40% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Tributary Capital Management LLC bought a new stake in shares of Affiliated Managers Group during the third quarter worth $100,000. Advisor Group Inc. raised its position 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 acquiring an additional 228 shares during the last quarter. Douglas Lane & Associates LLC acquired a new stake in shares of Affiliated Managers Group during the third quarter worth $200,000. Waldron LP acquired a new stake in shares of Affiliated Managers Group during the fourth quarter worth $201,000. Finally, IFM Investors Pty Ltd acquired a new stake in shares of Affiliated Managers Group during the fourth quarter worth $201,000. Institutional investors own 95.73% of the company’s stock.

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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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