Q2 2024 Earnings Forecast for Affiliated Managers Group, Inc. Issued By Barrington Research (NYSE:AMG)

Affiliated Managers Group, Inc. (NYSE:AMG) – Stock analysts at Barrington Research reduced their Q2 2024 EPS estimates for Affiliated Managers Group in a research note issued to investors on Monday, May 6th. Barrington Research analyst A. Paris now anticipates that the asset manager will post earnings of $4.80 per share for the quarter, down from their prior estimate of $4.85. Barrington Research has a “Outperform” rating and a $190.00 price target on the stock. The consensus estimate for Affiliated Managers Group’s current full-year earnings is $22.03 per share. Barrington Research also issued estimates for Affiliated Managers Group’s Q3 2024 earnings at $4.85 EPS, Q4 2024 earnings at $7.22 EPS, FY2024 earnings at $22.25 EPS and FY2025 earnings at $24.25 EPS.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, May 6th. The asset manager reported $5.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.21 by $0.16. The firm had revenue of $499.90 million for the quarter, compared to analyst estimates of $524.53 million. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. During the same quarter in the previous year, the firm posted $4.18 EPS.

Separately, TD Cowen reduced their target price on shares of Affiliated Managers Group from $218.00 to $198.00 and set a “buy” rating on the stock in a research note on Tuesday.

Affiliated Managers Group Stock Performance

Shares of NYSE:AMG opened at $156.88 on Thursday. Affiliated Managers Group has a 52 week low of $120.22 and a 52 week high of $169.65. The company’s fifty day moving average is $161.51 and its 200-day moving average is $150.05. The company has a market capitalization of $5.09 billion, a PE ratio of 9.04, a P/E/G ratio of 0.56 and a beta of 1.31.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.04 annualized dividend and a yield of 0.03%. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.23%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC lifted its position in Affiliated Managers Group by 80.0% during the 4th 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 lifted its position in Affiliated Managers Group by 429.2% during the 1st quarter. Denali Advisors LLC now owns 254 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 206 shares during the period. GAMMA Investing LLC acquired a new position in Affiliated Managers Group during the 4th quarter valued at about $62,000. Quadrant Capital Group LLC lifted its position in Affiliated Managers Group by 45.6% during the 4th quarter. Quadrant Capital Group LLC now owns 591 shares of the asset manager’s stock valued at $89,000 after purchasing an additional 185 shares during the period. Finally, Blue Trust Inc. lifted its position in Affiliated Managers Group by 17.1% during the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock valued at $93,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

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.