Blue Trust Inc. Acquires 90 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Blue Trust Inc. lifted its position in Affiliated Managers Group, Inc. (NYSE:AMGFree Report) by 17.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 617 shares of the asset manager’s stock after acquiring an additional 90 shares during the period. Blue Trust Inc.’s holdings in Affiliated Managers Group were worth $93,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Lazard Asset Management LLC boosted its holdings in shares of Affiliated Managers Group by 76.3% in the first quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 119 shares during the period. First Capital Advisors Group LLC. purchased a new position in shares of Affiliated Managers Group in the 2nd quarter valued at $44,000. Quarry LP boosted its position in Affiliated Managers Group by 1,193.3% during the first quarter. Quarry LP now owns 388 shares of the asset manager’s stock valued at $55,000 after purchasing an additional 358 shares in the last quarter. Ronald Blue Trust Inc. boosted its holdings in shares of Affiliated Managers Group by 104.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 527 shares of the asset manager’s stock valued at $69,000 after buying an additional 269 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Affiliated Managers Group by 428.9% during the 1st quarter. NewEdge Advisors LLC now owns 513 shares of the asset manager’s stock valued at $73,000 after purchasing an additional 416 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Performance

Shares of AMG opened at $166.34 on Thursday. The business’s 50-day moving average is $158.26 and its two-hundred day moving average is $144.63. The company has a market capitalization of $5.45 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.60 and a beta of 1.31. Affiliated Managers Group, Inc. has a fifty-two week low of $120.22 and a fifty-two week high of $167.90.

Affiliated Managers Group (NYSE:AMGGet Free Report) last issued its earnings results on Monday, February 5th. The asset manager reported $6.86 EPS for the quarter, topping analysts’ consensus estimates of $6.03 by $0.83. The firm had revenue of $502.70 million for the quarter, compared to the consensus estimate of $524.98 million. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. The company’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.28 earnings per share. Analysts forecast that Affiliated Managers Group, Inc. will post 21.42 EPS for the current year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.23%.

Analyst Upgrades and Downgrades

AMG has been the topic of several research analyst reports. Barrington Research boosted their target price on shares of Affiliated Managers Group from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. TD Cowen began coverage on Affiliated Managers Group in a research report on Thursday, January 4th. They issued an “outperform” rating and a $185.00 target price on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $168.20.

View Our Latest Research Report on Affiliated Managers Group

Affiliated Managers Group Company 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.

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Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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