Affiliated Managers Group (NYSE:AMG – Get Free Report) issued its earnings results on Monday. The asset manager reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.60 by $0.07, Briefing.com reports. The company had revenue of $500.30 million during the quarter, compared to analysts’ expectations of $518.03 million. Affiliated Managers Group had a return on equity of 16.27% and a net margin of 31.51%. Affiliated Managers Group’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.45 EPS. Affiliated Managers Group updated its Q3 guidance to $4.68-4.91 EPS.
Affiliated Managers Group Trading Down 0.6 %
NYSE:AMG traded down $1.20 during trading hours on Wednesday, reaching $183.62. The company had a trading volume of 15,575 shares, compared to its average volume of 265,360. The firm’s 50 day moving average price is $161.16 and its 200-day moving average price is $159.34. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 0.64 and a beta of 1.22. Affiliated Managers Group has a 52 week low of $120.22 and a 52 week high of $187.29.
Affiliated Managers Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.22%.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on AMG
Affiliated Managers Group Company Profile
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.
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