Affiliated Managers Group, Inc. (NYSE:AMG) – Stock analysts at Jefferies Group decreased their Q1 2017 EPS estimates for shares of Affiliated Managers Group in a research report issued to clients and investors on Wednesday. Jefferies Group analyst D. Fannon now expects that the brokerage will post earnings per share of $3.09 for the quarter, down from their previous forecast of $3.30. Jefferies Group has a “Positive” rating and a $195.00 price objective on the stock. Jefferies Group also issued estimates for Affiliated Managers Group’s Q2 2017 earnings at $3.22 EPS, Q3 2017 earnings at $3.30 EPS, Q4 2017 earnings at $4.74 EPS, FY2017 earnings at $14.35 EPS and FY2018 earnings at $16.06 EPS.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, January 30th. The company reported $3.80 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.10. The business earned $550.30 million during the quarter, compared to analysts’ expectations of $563.42 million. Affiliated Managers Group had a return on equity of 17.65% and a net margin of 21.48%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the business posted $3.61 earnings per share.

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

A number of other research analysts have also issued reports on the company. Deutsche Bank AG lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $159.00 to $132.00 in a research report on Friday, November 4th. Citigroup Inc. reduced their price objective on Affiliated Managers Group from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, January 25th. Zacks Investment Research upgraded Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 14th. Credit Suisse Group restated an “outperform” rating on shares of Affiliated Managers Group in a research report on Saturday, December 10th. Finally, Goldman Sachs Group, Inc. (The) lowered Affiliated Managers Group from a “conviction-buy” rating to a “buy” rating and set a $190.00 price objective for the company. in a research report on Wednesday, January 4th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Affiliated Managers Group has an average rating of “Buy” and an average target price of $167.90.

Shares of Affiliated Managers Group (NYSE:AMG) opened at 167.90 on Friday. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 19.60 and a beta of 1.59. Affiliated Managers Group has a 1-year low of $124.64 and a 1-year high of $179.85. The company’s 50 day moving average price is $151.37 and its 200-day moving average price is $146.15.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 23rd. Shareholders of record on Thursday, February 9th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, February 7th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 9.35%.

In other Affiliated Managers Group news, Director Dwight D. Churchill sold 3,125 shares of the business’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $160.23, for a total transaction of $500,718.75. Following the completion of the transaction, the director now owns 6,667 shares in the company, valued at approximately $1,068,253.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sean M. Healey sold 62,000 shares of the business’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $154.84, for a total value of $9,600,080.00. Following the transaction, the chief executive officer now owns 122,292 shares of the company’s stock, valued at approximately $18,935,693.28. The disclosure for this sale can be found here. Insiders own 1.96% of the company’s stock.

This article was posted by Daily Political and is the property of of Daily Political. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The original version of this article can be viewed at http://www.dailypolitical.com/2017/02/17/q1-2017-earnings-estimate-for-affiliated-managers-group-inc-amg-issued-by-jefferies-group.html.

Hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new position in shares of Affiliated Managers Group during the third quarter worth about $94,157,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Affiliated Managers Group during the fourth quarter worth about $77,466,000. Institutional Capital LLC acquired a new position in shares of Affiliated Managers Group during the fourth quarter worth about $73,253,000. FMR LLC raised its position in shares of Affiliated Managers Group by 108.8% in the fourth quarter. FMR LLC now owns 753,403 shares of the company’s stock worth $109,469,000 after buying an additional 392,642 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of Affiliated Managers Group during the fourth quarter worth about $38,958,000. Institutional investors own 98.85% 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 (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.

5 Day Chart for NYSE:AMG

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