6 days Ago By ABMN Staff
Mariner LLC grew its position in Affiliated Managers Group, Inc. ( NYSE:AMG – Free Report ) by 6.2% in the 4th quarter, HoldingsChannel.
com reports. The firm owned 4,624 shares of the asset manager’s stock after purchasing an additional 270 shares during the period. Mariner LLC’s holdings in Affiliated Managers Group were worth $855,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in Affiliated Managers Group by 79.5% during the fourth quarter.
Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after buying an additional 62 shares during the last quarter. Private Trust Co. NA increased its holdings in Affiliated Managers Group by 131.
9% during the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock worth $40,000 after buying an additional 124 shares during the last quarter.
Wilmington Savings Fund Society FSB purchased a new stake in Affiliated Managers Group during the third quarter worth about $46,000. UMB Bank n.a.
increased its holdings in Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.
a. now owns 255 shares of the asset manager’s stock worth $47,000 after buying an additional 69 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Affiliated Managers Group during the fourth quarter worth about $70,000.
Hedge funds and other institutional investors own 95.30% of the company’s stock. Wall Street Analysts Forecast Growth A number of analysts recently issued reports on the stock.
Barrington Research decreased their price objective on shares of Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th.
StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. TD Cowen reduced their target price on shares of Affiliated Managers Group from $187.
00 to $168.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $193.
00 to $191.00 in a research note on Monday, January 6th. Finally, Bank of America reduced their target price on shares of Affiliated Managers Group from $211.
00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock.
According to data from MarketBeat, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.40. Affiliated Managers Group Stock Up 0.
3 % Shares of NYSE:AMG opened at $162.98 on Tuesday. The company has a market cap of $4.
69 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 0.57 and a beta of 1.
09. Affiliated Managers Group, Inc. has a one year low of $139.
22 and a one year high of $199.52. The firm has a fifty day moving average price of $162.
15 and a two-hundred day moving average price of $177.12. The company has a debt-to-equity ratio of 0.
61, a current ratio of 2.13 and a quick ratio of 2.13.
Affiliated Managers Group ( NYSE:AMG – Get Free Report ) last released its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping the consensus estimate of $6.
03 by $0.50. Affiliated Managers Group had a net margin of 25.
06% and a return on equity of 16.17%. Analysts anticipate that Affiliated Managers Group, Inc.
will post 22.86 EPS for the current fiscal year. Affiliated Managers Group Announces Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th.
Stockholders of record on Tuesday, February 18th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, February 18th.
This represents a $0.04 annualized dividend and a dividend yield of 0.02%.
Affiliated Managers Group’s payout ratio is currently 0.26%. Affiliated Managers Group Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding AMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Affiliated Managers Group, Inc.
( NYSE:AMG – Free Report ). Receive News & Ratings for Affiliated Managers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group and related companies with MarketBeat.com's FREE daily email newsletter .
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