Affiliated Managers Group (AMG) to Release Earnings on Monday

Affiliated Managers Group (NYSE:AMG - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Monday, February 3rd. Analysts expect Affiliated Managers Group to post earnings of $6.03 per share and revenue of $531,530.00 billion for the quarter. Affiliated Managers Group has set its Q4 guidance at $5.94-6.17 EPS.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing analysts' consensus estimates of $4.84 by ($0.02). The firm had revenue of $525.20 million for the quarter, compared to analysts' expectations of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.08 EPS. On average, analysts expect Affiliated Managers Group to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Affiliated Managers Group Trading Down 0.5 %

Shares of NYSE:AMG traded down $0.93 during mid-day trading on Monday, reaching $185.76. The stock had a trading volume of 160,371 shares, compared to its average volume of 200,511. The business's 50 day moving average price is $185.46 and its 200 day moving average price is $180.21. Affiliated Managers Group has a 1 year low of $147.13 and a 1 year high of $199.52. The company has a market cap of $5.62 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 0.68 and a beta of 1.15.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group's dividend payout ratio (DPR) is 0.26%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barrington Research cut their target price on shares of Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. The Goldman Sachs Group lowered Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. TD Cowen downgraded Affiliated Managers Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $195.40.

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.