Affiliated Managers Group (NYSE:AMG) Releases Q2 2024 Earnings Guidance

Affiliated Managers Group (NYSE:AMG) updated its second quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.500-4.600 for the period, compared to the consensus estimate of 4.860. The company issued revenue guidance of -.

Analysts Set New Price Targets

Separately, Barrington Research increased their target price on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the stock an outperform rating in a research report on Tuesday, April 9th.

Affiliated Managers Group Stock Down 1.9 %

Shares of NYSE:AMG opened at $157.23 on Tuesday. Affiliated Managers Group has a 52-week low of $120.22 and a 52-week high of $169.65. The company has a 50 day moving average of $161.53 and a two-hundred day moving average of $149.78. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 0.56 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, May 6th. The asset manager reported $5.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.23 by $0.14. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. During the same period in the prior year, the business earned $4.18 earnings per share. On average, equities analysts anticipate that Affiliated Managers Group will post 22.03 earnings per share for the current year.

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.