Mutual of America Capital Management LLC Has $3.17 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Mutual of America Capital Management LLC cut its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,955 shares of the asset manager’s stock after selling 1,876 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Affiliated Managers Group were worth $3,173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMG. Lazard Asset Management LLC lifted its stake in Affiliated Managers Group by 76.3% during the first quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock worth $38,000 after purchasing an additional 119 shares during the period. First Capital Advisors Group LLC. bought a new position in Affiliated Managers Group during the second quarter worth about $44,000. Quarry LP lifted its stake in Affiliated Managers Group by 1,193.3% during the first quarter. Quarry LP now owns 388 shares of the asset manager’s stock worth $55,000 after purchasing an additional 358 shares during the period. Ronald Blue Trust Inc. lifted its stake in Affiliated Managers Group by 104.3% during the third quarter. Ronald Blue Trust Inc. now owns 527 shares of the asset manager’s stock worth $69,000 after purchasing an additional 269 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in Affiliated Managers Group by 428.9% during the first quarter. NewEdge Advisors LLC now owns 513 shares of the asset manager’s stock worth $73,000 after purchasing an additional 416 shares during the period. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Trading Down 0.7 %

NYSE:AMG opened at $158.91 on Thursday. Affiliated Managers Group, Inc. has a 1 year low of $120.22 and a 1 year high of $169.65. The firm has a 50 day moving average of $160.69 and a 200-day moving average of $146.82. The stock has a market capitalization of $5.16 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 0.56 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, February 5th. The asset manager reported $6.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.03 by $0.83. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The company had revenue of $502.70 million during the quarter, compared to analysts’ expectations of $524.98 million. During the same quarter in the previous year, the company posted $7.28 earnings per share. Affiliated Managers Group’s quarterly revenue was down 6.8% compared to the same quarter last year. As a group, analysts forecast that Affiliated Managers Group, Inc. will post 22.03 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, February 14th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.23%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barrington Research raised their price target on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. TD Cowen assumed coverage on shares of Affiliated Managers Group in a research note on Thursday, January 4th. They issued an “outperform” rating and a $185.00 target price for the company.

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.