Cerity Partners LLC Boosts Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Cerity Partners LLC boosted its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 253.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,656 shares of the asset manager’s stock after purchasing an additional 5,490 shares during the quarter. Cerity Partners LLC’s holdings in Affiliated Managers Group were worth $1,159,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AMG. Natixis Advisors L.P. boosted its position in Affiliated Managers Group by 2.5% during 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 in the last quarter. Bank of Montreal Can boosted its position in Affiliated Managers Group by 88.9% during 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of 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 acquiring an additional 1,420 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of 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 acquiring an additional 1,772 shares during the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of 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 acquiring an additional 491 shares during the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMG. Barrington Research boosted their price target on Affiliated Managers Group from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. TD Cowen began coverage on Affiliated Managers Group in a report on Thursday, January 4th. They issued an “outperform” rating and a $185.00 price target for the company.

Affiliated Managers Group Trading Up 0.2 %

Affiliated Managers Group stock opened at $158.50 on Monday. 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. The stock has a fifty day moving average price of $160.81 and a 200 day moving average price of $147.37. Affiliated Managers Group, Inc. has a 52 week low of $120.22 and a 52 week high of $169.65.

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

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors 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 yield of 0.03%. Affiliated Managers Group’s payout ratio is currently 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.