Greenleaf Trust Buys 115 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Greenleaf Trust grew its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,822 shares of the asset manager’s stock after purchasing an additional 115 shares during the quarter. Greenleaf Trust’s holdings in Affiliated Managers Group were worth $276,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AMG. CWM LLC grew its holdings in Affiliated Managers Group by 7.4% in the third quarter. CWM LLC now owns 2,613 shares of the asset manager’s stock worth $341,000 after purchasing an additional 180 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Affiliated Managers Group by 160.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,175 shares of the asset manager’s stock worth $2,499,000 after acquiring an additional 11,801 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Affiliated Managers Group by 3.6% in the third quarter. Verdence Capital Advisors LLC now owns 17,972 shares of the asset manager’s stock worth $2,343,000 after purchasing an additional 632 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Affiliated Managers Group by 13.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,840 shares of the asset manager’s stock worth $892,000 after acquiring an additional 816 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in Affiliated Managers Group by 18.2% during the third quarter. Mackenzie Financial Corp now owns 6,510 shares of the asset manager’s stock worth $827,000 after acquiring an additional 1,003 shares during the period. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Performance

AMG stock opened at $162.07 on Thursday. The firm has a market cap of $5.26 billion, a PE ratio of 9.34, a PEG ratio of 0.56 and a beta of 1.31. Affiliated Managers Group, Inc. has a one year low of $120.22 and a one year high of $169.65. The firm’s 50 day moving average price is $161.05 and its 200-day moving average price is $147.81.

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, topping the consensus estimate of $6.03 by $0.83. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. The firm had revenue of $502.70 million for the quarter, compared to analyst estimates of $524.98 million. During the same quarter in the prior year, the company earned $7.28 EPS. Affiliated Managers Group’s revenue was down 6.8% on a year-over-year basis. Equities research analysts predict that Affiliated Managers Group, Inc. will post 22.03 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, February 14th. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.23%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMG. TD Cowen began coverage on shares of Affiliated Managers Group in a research note on Thursday, January 4th. They set an “outperform” rating and a $185.00 target price on the stock. Barrington Research lifted their target price 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.

Affiliated Managers Group 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.