Affiliated Managers Group (NYSE:AMG – Get Free Report) issued its quarterly earnings results on Monday. The asset manager reported $5.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.21 by $0.16, Yahoo Finance reports. The firm had revenue of $499.90 million during the quarter, compared to analyst estimates of $524.53 million. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. During the same quarter in the previous year, the company posted $4.18 earnings per share. Affiliated Managers Group updated its Q2 guidance to $4.50-$4.60 EPS.
Affiliated Managers Group Trading Down 1.1 %
Shares of Affiliated Managers Group stock opened at $155.55 on Wednesday. The company’s fifty day simple moving average is $161.50 and its two-hundred day simple moving average is $150.00. Affiliated Managers Group has a 12-month low of $120.22 and a 12-month high of $169.65. The company has a market cap of $5.05 billion, a P/E ratio of 8.97, a PEG ratio of 0.56 and a beta of 1.31.
Affiliated Managers Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Affiliated Managers Group’s dividend payout ratio is currently 0.23%.
Analysts Set New Price Targets
Read Our Latest Stock Report on AMG
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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