Louisiana State Employees Retirement System Acquires New Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Louisiana State Employees Retirement System acquired a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,500 shares of the asset manager’s stock, valued at approximately $1,438,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Seascape Capital Management increased its position in Affiliated Managers Group by 5.6% during the fourth quarter. Seascape Capital Management now owns 14,055 shares of the asset manager’s stock worth $2,128,000 after purchasing an additional 749 shares during the last quarter. Sapient Capital LLC acquired a new position in Affiliated Managers Group during the fourth quarter worth approximately $391,000. Cerity Partners LLC increased its position in Affiliated Managers Group by 253.5% during the fourth quarter. Cerity Partners LLC now owns 7,656 shares of the asset manager’s stock worth $1,159,000 after purchasing an additional 5,490 shares during the last quarter. Impax Asset Management Group plc increased its position in Affiliated Managers Group by 55.4% during the fourth quarter. Impax Asset Management Group plc now owns 5,890 shares of the asset manager’s stock worth $892,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Affiliated Managers Group during the fourth quarter worth approximately $590,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TD Cowen assumed coverage on shares of Affiliated Managers Group in a research report on Thursday, January 4th. They set an “outperform” rating and a $185.00 price target for the company. Barrington Research increased their price objective on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th.

Affiliated Managers Group Stock Up 0.2 %

Affiliated Managers Group stock opened at $158.50 on Friday. Affiliated Managers Group, Inc. has a 52-week low of $120.22 and a 52-week high of $169.65. The firm has a fifty day moving average of $160.81 and a 200-day moving average of $147.23. The firm has a market capitalization of $5.14 billion, a P/E ratio of 9.14, a PEG ratio of 0.55 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, February 5th. The asset manager reported $6.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $524.98 million. During the same quarter in the prior year, the business earned $7.28 earnings per share. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, research analysts expect that Affiliated Managers Group, Inc. will post 22.03 EPS for the current fiscal 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 paid 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 0.03%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.23%.

Affiliated Managers Group Company Profile

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.