Affiliated Managers Group, Inc. (NYSE:AMG) asset management firm, is expected to report third quarter earnings results, before market open, on Monday 26th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 2.84 per share.
Looking ahead, the full year income are expected at $ 11.97 per share on the revenues of $ 1916.10 million.
Previous Quarter Performance
Affiliated Managers Group, Inc. unfold income for the second quarter of $ 2.74 per share, from the revenue of $ 471.10 million. The quarterly earnings shrunk 17.72 percent while revenues reduced 20.41 percent compared with the same quarter last year.
Street analysts expected Affiliated Managers Group, Inc. to report income of $ 2.71 per share on revenue of $ 449.99 million for the second quarter. The bottom line results beat street analysts by $ 0.03 or 1.11 percent, at the same time, top line results outshined analysts by $ 21.11 million or 4.69 percent.
Stock Performance
On Friday, shares of Affiliated Managers Group, Inc. has traded high as $ 80.37 and has cracked $ 78.88 on the downward trend, reaching $ 79.40 with volume of 327.60 thousand shares.
According to the previous trading day, closing price of $ 79.40, representing a 78.16 % increase from the 52 week low of $ 44.37 and a 11.13 % decrease over the 52 week high of $ 88.95.
The company has a market capital of $ 3.70 billion and is part of the Financial sector and Asset Management industry.
Recent Stock Dividend Announcement
On July 27, 2020, the board of directors authorized quarterly dividend of $ 0.01 per share to holders of record as of the close of business on August 6, 2020, with payment date of August 20, 2020 and ex-dividend date on August 5, 2020.
Conference Call
Affiliated Managers Group, Inc. will be hosting a conference call at 8:30 AM eastern time on 26th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.amg.com
Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.
