Jefferies Group Brokers Raise Earnings Estimates for Affiliated Managers Group, Inc. (AMG)

Affiliated Managers Group, Inc. (NYSE:AMG) – Jefferies Group increased their Q4 2017 earnings per share (EPS) estimates for Affiliated Managers Group in a report released on Wednesday. Jefferies Group analyst D. Fannon now anticipates that the asset manager will post earnings of $4.50 per share for the quarter, up from their previous forecast of $4.48. Jefferies Group currently has a “Buy” rating and a $226.00 price target on the stock. Jefferies Group also issued estimates for Affiliated Managers Group’s Q1 2018 earnings at $3.74 EPS, Q3 2018 earnings at $3.81 EPS and FY2019 earnings at $18.51 EPS.

A number of other brokerages have also issued reports on AMG. Keefe, Bruyette & Woods restated a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 target price on the stock in a research report on Monday, October 2nd. Credit Suisse Group lowered shares of Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 target price on the stock. in a research report on Wednesday, January 3rd. Goldman Sachs Group lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 target price on the stock. in a research report on Tuesday, January 9th. Finally, Barrington Research restated an “outperform” rating and set a $215.00 target price on shares of Affiliated Managers Group in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $211.00.

Affiliated Managers Group (NYSE:AMG) opened at $202.80 on Friday. Affiliated Managers Group has a 52-week low of $139.52 and a 52-week high of $207.67. The stock has a market cap of $11,270.00, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 0.72 and a beta of 1.71. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The firm had revenue of $585.70 million for the quarter, compared to analyst estimates of $586.55 million. During the same quarter in the prior year, the business posted $3.02 EPS. The business’s revenue was up 7.5% compared to the same quarter last year.

Several institutional investors have recently modified their holdings of AMG. The Manufacturers Life Insurance Company lifted its holdings in shares of Affiliated Managers Group by 60.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,591,358 shares of the asset manager’s stock worth $595,663,000 after acquiring an additional 1,359,805 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in shares of Affiliated Managers Group by 42.2% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 1,932,316 shares of the asset manager’s stock worth $320,494,000 after acquiring an additional 573,066 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in Affiliated Managers Group by 156.0% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 714,516 shares of the asset manager’s stock valued at $135,637,000 after purchasing an additional 435,440 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Affiliated Managers Group by 333.2% in the 2nd quarter. Janus Henderson Group PLC now owns 518,866 shares of the asset manager’s stock valued at $86,059,000 after purchasing an additional 399,083 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Affiliated Managers Group by 101.1% in the 3rd quarter. Jane Street Group LLC now owns 3,939 shares of the asset manager’s stock valued at $748,000 after purchasing an additional 366,268 shares during the last quarter. 95.65% of the stock is owned by institutional investors.

In other news, CEO Sean M. Healey sold 69,800 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $185.48, for a total transaction of $12,946,504.00. Following the completion of the sale, the chief executive officer now owns 194,943 shares of the company’s stock, valued at approximately $36,158,027.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dwight D. Churchill sold 2,080 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $184.28, for a total transaction of $383,302.40. Following the sale, the director now directly owns 6,104 shares of the company’s stock, valued at approximately $1,124,845.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,585 shares of company stock valued at $16,734,012. 1.40% of the stock is currently owned by insiders.

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Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

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