Affiliated Managers Group, Inc. (NYSE:AMG) Forecasted to Earn Q4 2024 Earnings of $6.93 Per Share

Affiliated Managers Group, Inc. (NYSE:AMG) – Stock analysts at Zacks Research lifted their Q4 2024 earnings per share (EPS) estimates for shares of Affiliated Managers Group in a research report issued to clients and investors on Monday, May 27th. Zacks Research analyst R. Department now expects that the asset manager will post earnings of $6.93 per share for the quarter, up from their previous forecast of $6.80. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $21.72 per share. Zacks Research also issued estimates for Affiliated Managers Group’s Q2 2025 earnings at $5.86 EPS, Q4 2025 earnings at $6.96 EPS, FY2025 earnings at $24.27 EPS, Q1 2026 earnings at $6.22 EPS and FY2026 earnings at $27.60 EPS.

Other equities analysts also recently issued reports about the company. TD Cowen reduced their price objective on Affiliated Managers Group from $218.00 to $198.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Barrington Research restated an “outperform” rating and issued a $190.00 target price on shares of Affiliated Managers Group in a research report on Tuesday, May 7th.

Affiliated Managers Group Stock Performance

NYSE AMG opened at $162.60 on Thursday. Affiliated Managers Group has a one year low of $120.22 and a one year high of $169.65. The company has a 50-day simple moving average of $161.16 and a 200-day simple moving average of $153.55. The firm has a market capitalization of $5.18 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.52 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, May 6th. The asset manager reported $5.37 earnings per share for the quarter, topping the consensus estimate of $5.21 by $0.16. Affiliated Managers Group had a return on equity of 16.66% and a net margin of 33.74%. The company had revenue of $499.90 million during the quarter, compared to the consensus estimate of $524.53 million. During the same quarter in the prior year, the business earned $4.18 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC increased its holdings in shares of Affiliated Managers Group by 80.0% during the fourth quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock worth $25,000 after buying an additional 72 shares in the last quarter. Denali Advisors LLC boosted its stake in Affiliated Managers Group by 429.2% in the first quarter. Denali Advisors LLC now owns 254 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 206 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Affiliated Managers Group during the fourth quarter worth $62,000. Quadrant Capital Group LLC grew its position in shares of Affiliated Managers Group by 45.6% during the 4th quarter. Quadrant Capital Group LLC now owns 591 shares of the asset manager’s stock worth $89,000 after buying an additional 185 shares during the period. Finally, Blue Trust Inc. boosted its stake in Affiliated Managers Group by 17.1% during the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock worth $93,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.22%.

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.