Affiliated Managers Group (NYSE:AMG – Get Free Report) posted its earnings results on Monday. The asset manager reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.60 by $0.07, Briefing.com reports. The company had revenue of $500.30 million for the quarter, compared to analysts’ expectations of $518.03 million. Affiliated Managers Group had a return on equity of 16.27% and a net margin of 31.51%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business posted $4.45 earnings per share. Affiliated Managers Group updated its Q3 guidance to $4.68-4.91 EPS.
Affiliated Managers Group Stock Up 1.3 %
AMG stock traded up $2.32 during midday trading on Wednesday, hitting $187.14. 72,097 shares of the company traded hands, compared to its average volume of 265,833. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 0.64 and a beta of 1.22. Affiliated Managers Group has a twelve month low of $120.22 and a twelve month high of $187.37. The business has a 50 day simple moving average of $161.16 and a 200-day simple moving average of $159.34.
Affiliated Managers Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend is Thursday, August 8th. Affiliated Managers Group’s dividend payout ratio is presently 0.22%.
Analyst Upgrades and Downgrades
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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.
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