Affiliated Managers Group (NYSE:AMG) Issues Quarterly Earnings Results, Beats Expectations By $0.50 EPS

Affiliated Managers Group (NYSE:AMG) released its quarterly earnings data on Thursday. The asset manager reported $6.53 earnings per share for the quarter, topping the consensus estimate of $6.03 by $0.50, Zacks reports. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%.

Affiliated Managers Group Price Performance

Shares of AMG opened at $178.61 on Friday. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 0.67 and a beta of 1.15. The business has a 50-day moving average of $185.03 and a 200-day moving average of $181.16. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 0.45. Affiliated Managers Group has a 1 year low of $147.13 and a 1 year high of $199.52.

Affiliated Managers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date is Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.26%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMG. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday. TD Cowen downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Barrington Research lifted their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and an average target price of $198.40.

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.