Swiss National Bank lifted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG – Get Rating) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,300 shares of the asset manager’s stock after buying an additional 600 shares during the quarter. Swiss National Bank owned approximately 0.25% of Affiliated Managers Group worth $14,623,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Natixis Advisors L.P. boosted its holdings in Affiliated Managers Group by 2.5% in the first quarter. Natixis Advisors L.P. now owns 12,741 shares of the asset manager’s stock worth $1,796,000 after purchasing an additional 310 shares during the period. Bank of Montreal Can boosted its holdings in Affiliated Managers Group by 88.9% in the first quarter. Bank of Montreal Can now owns 8,484 shares of the asset manager’s stock worth $1,239,000 after purchasing an additional 3,992 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Affiliated Managers Group by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,898 shares of the asset manager’s stock worth $2,100,000 after purchasing an additional 1,420 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Affiliated Managers Group by 8.3% in the first quarter. Great West Life Assurance Co. Can now owns 23,046 shares of the asset manager’s stock worth $3,341,000 after purchasing an additional 1,772 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in Affiliated Managers Group by 2.1% in the first quarter. Yousif Capital Management LLC now owns 23,530 shares of the asset manager’s stock worth $3,317,000 after purchasing an additional 491 shares during the period. Institutional investors and hedge funds own 95.31% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on AMG. Deutsche Bank Aktiengesellschaft raised their target price on Affiliated Managers Group from $187.00 to $192.00 and gave the company a “buy” rating in a research note on Monday, February 6th. Bank of America raised their target price on Affiliated Managers Group from $182.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, April 5th. StockNews.com began coverage on Affiliated Managers Group in a research note on Thursday, March 16th. They issued a “buy” rating on the stock. Finally, Barrington Research raised their target price on Affiliated Managers Group from $155.00 to $195.00 and gave the company an “outperform” rating in a research note on Monday, February 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $180.93.
Insider Buying and Selling
Affiliated Managers Group Stock Up 0.8 %
Shares of NYSE AMG opened at $141.43 on Friday. Affiliated Managers Group, Inc. has a fifty-two week low of $108.12 and a fifty-two week high of $180.63. The firm’s 50-day simple moving average is $141.12 and its 200 day simple moving average is $151.96. The stock has a market cap of $5.11 billion, a P/E ratio of 5.37, a P/E/G ratio of 0.68 and a beta of 1.33.
Affiliated Managers Group (NYSE:AMG – Get Rating) last issued its quarterly earnings data on Monday, May 1st. The asset manager reported $4.18 earnings per share for the quarter, beating analysts’ consensus estimates of $4.15 by $0.03. Affiliated Managers Group had a net margin of 50.65% and a return on equity of 19.63%. The business had revenue of $517.40 million for the quarter, compared to analysts’ expectations of $539.25 million. During the same period in the previous year, the business earned $4.65 earnings per share. The company’s revenue was down 14.8% on a year-over-year basis. On average, sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 18.97 earnings per share for the current fiscal year.
Affiliated Managers Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, May 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, May 10th. Affiliated Managers Group’s payout ratio is currently 0.15%.
About Affiliated Managers Group
Affiliated Managers Group, Inc engages in the provision of asset management with equity investment. The company was founded by in December 1993 and is headquartered in West Palm Beach, FL.
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