Affiliated Managers Group (NYSE:AMG – Get Free Report) posted its quarterly earnings data on Monday. The asset manager reported $5.37 earnings per share for the quarter, beating analysts’ consensus estimates of $5.21 by $0.16, Yahoo Finance reports. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The business had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $524.53 million. During the same quarter in the previous year, the business posted $4.18 earnings per share. Affiliated Managers Group updated its Q2 guidance to $4.50-$4.60 EPS.
Affiliated Managers Group Price Performance
Affiliated Managers Group stock opened at $156.88 on Thursday. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 0.56 and a beta of 1.31. The firm has a 50-day moving average of $161.51 and a two-hundred day moving average of $150.05. Affiliated Managers Group has a 1 year low of $120.22 and a 1 year high of $169.65.
Affiliated Managers Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, May 15th. Affiliated Managers Group’s dividend payout ratio is presently 0.23%.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on AMG
About Affiliated Managers Group
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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