Affiliated Managers Group (AMG) Set to Announce Quarterly Earnings on Monday

Affiliated Managers Group (NYSE:AMG - Get Free Report) will be announcing its earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $4.82 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results on Monday, July 29th. The asset manager reported $4.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.60 by $0.07. Affiliated Managers Group had a return on equity of 16.50% and a net margin of 31.51%. The business had revenue of $500.30 million during the quarter, compared to the consensus estimate of $518.03 million. During the same period in the prior year, the business posted $4.45 EPS. The company's revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts expect Affiliated Managers Group to post $22 EPS for the current fiscal year and $25 EPS for the next fiscal year.

Affiliated Managers Group Stock Up 0.3 %

Shares of Affiliated Managers Group stock traded up $0.66 during trading on Tuesday, reaching $195.47. The company's stock had a trading volume of 154,590 shares, compared to its average volume of 240,116. The business has a 50 day moving average price of $178.97 and a 200-day moving average price of $167.81. The company has a market capitalization of $6.23 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 0.58 and a beta of 1.20. Affiliated Managers Group has a 12-month low of $121.56 and a 12-month high of $196.69.

Insider Transactions at Affiliated Managers Group

In other news, CEO Jay C. Horgen sold 9,000 shares of the company's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $171.98, for a total value of $1,547,820.00. Following the sale, the chief executive officer now directly owns 377,276 shares in the company, valued at $64,883,926.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jay C. Horgen sold 9,000 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the transaction, the chief executive officer now owns 377,276 shares of the company's stock, valued at approximately $64,883,926.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Rizwan M. Jamal sold 8,622 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $172.89, for a total transaction of $1,490,657.58. Following the sale, the insider now owns 128,457 shares in the company, valued at approximately $22,208,930.73. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,408 shares of company stock valued at $3,865,068 in the last ninety days. Corporate insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMG. Bank of America upped their price target on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 30th. StockNews.com cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating in a report on Tuesday, July 30th. TD Cowen boosted their price target on Affiliated Managers Group from $201.00 to $226.00 and gave the stock a "buy" rating in a research note on Tuesday, July 30th. Barrington Research raised their price objective on Affiliated Managers Group from $190.00 to $210.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Affiliated Managers Group from $202.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Affiliated Managers Group has an average rating of "Moderate Buy" and a consensus price target of $210.50.

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.