Wall Street analysts forecast that Affiliated Managers Group, Inc. (NYSE:AMG) will announce sales of $598.18 million for the current quarter, Zacks reports. Three analysts have provided estimates for Affiliated Managers Group’s earnings, with the highest sales estimate coming in at $618.90 million and the lowest estimate coming in at $575.65 million. Affiliated Managers Group posted sales of $570.90 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The company is expected to report its next quarterly earnings results on Monday, July 30th.

According to Zacks, analysts expect that Affiliated Managers Group will report full-year sales of $2.47 billion for the current financial year, with estimates ranging from $2.43 billion to $2.51 billion. For the next year, analysts forecast that the firm will post sales of $2.60 billion per share, with estimates ranging from $2.57 billion to $2.63 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Affiliated Managers Group.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, April 30th. The asset manager reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.03. Affiliated Managers Group had a net margin of 30.34% and a return on equity of 19.27%. The business had revenue of $612.40 million for the quarter, compared to analysts’ expectations of $586.44 million. During the same period last year, the business earned $3.21 EPS. The company’s revenue was up 12.5% compared to the same quarter last year.

A number of analysts have recently weighed in on the stock. Citigroup lowered their price target on shares of Affiliated Managers Group from $215.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, May 1st. Barrington Research restated a “buy” rating and issued a $220.00 price target on shares of Affiliated Managers Group in a report on Monday, April 30th. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “sell” rating to a “hold” rating in a report on Thursday, April 12th. Keefe, Bruyette & Woods cut shares of Affiliated Managers Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $250.00 to $206.00 in a report on Wednesday, April 11th. Finally, Deutsche Bank lowered their price target on shares of Affiliated Managers Group from $215.00 to $213.00 and set a “buy” rating on the stock in a report on Tuesday, March 6th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $215.00.

NYSE:AMG opened at $159.26 on Friday. Affiliated Managers Group has a fifty-two week low of $152.16 and a fifty-two week high of $216.99. The stock has a market capitalization of $8.54 billion, a PE ratio of 10.91, a PEG ratio of 0.70 and a beta of 1.53. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.42.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 24th. Investors of record on Thursday, May 10th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Wednesday, May 9th. Affiliated Managers Group’s payout ratio is currently 8.22%.

In related news, CFO Jay C. Horgen sold 30,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $189.59, for a total value of $5,687,700.00. Following the completion of the transaction, the chief financial officer now directly owns 114,039 shares of the company’s stock, valued at approximately $21,620,654.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in AMG. Optimum Investment Advisors purchased a new position in shares of Affiliated Managers Group in the 1st quarter valued at approximately $104,000. ClariVest Asset Management LLC purchased a new position in shares of Affiliated Managers Group in the 1st quarter valued at approximately $175,000. Canandaigua National Bank & Trust Co. purchased a new position in shares of Affiliated Managers Group in the 4th quarter valued at approximately $204,000. Koch Industries Inc. purchased a new position in shares of Affiliated Managers Group in the 1st quarter valued at approximately $209,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Affiliated Managers Group in the 1st quarter valued at approximately $217,000. 94.60% of the stock is owned by hedge funds and other institutional investors.

About Affiliated Managers Group

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.

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

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