Affiliated Managers Group, Inc. (NYSE:AMG) Shares Bought by Signaturefd LLC

Signaturefd LLC increased its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 97.1% in the 4th quarter, HoldingsChannel reports. The fund owned 873 shares of the asset manager’s stock after acquiring an additional 430 shares during the period. Signaturefd LLC’s holdings in Affiliated Managers Group were worth $132,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC boosted its stake in Affiliated Managers Group by 80.0% during the 4th quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 72 shares in the last quarter. Blue Trust Inc. boosted its stake in Affiliated Managers Group by 17.1% during the fourth quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock valued at $93,000 after buying an additional 90 shares in the last quarter. Integrated Investment Consultants LLC acquired a new position in Affiliated Managers Group during the fourth quarter worth about $204,000. Quent Capital LLC raised its position in Affiliated Managers Group by 5.4% in the fourth quarter. Quent Capital LLC now owns 1,354 shares of the asset manager’s stock worth $205,000 after acquiring an additional 69 shares in the last quarter. Finally, Nilsine Partners LLC lifted its holdings in Affiliated Managers Group by 8.0% in the 3rd quarter. Nilsine Partners LLC now owns 1,793 shares of the asset manager’s stock valued at $234,000 after acquiring an additional 133 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMG. TD Cowen initiated coverage on shares of Affiliated Managers Group in a research note on Thursday, January 4th. They issued an “outperform” rating and a $185.00 price objective on the stock. Barrington Research upped their price target on Affiliated Managers Group from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th.

Affiliated Managers Group Trading Down 0.8 %

NYSE AMG opened at $158.92 on Tuesday. Affiliated Managers Group, Inc. has a 1 year low of $120.22 and a 1 year high of $169.65. The stock’s 50-day moving average price is $161.31 and its two-hundred day moving average price is $148.45. The company has a market cap of $5.16 billion, a PE ratio of 9.16, a PEG ratio of 0.56 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMG) last released its quarterly 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 business had revenue of $502.70 million for the quarter, compared to analyst estimates of $524.98 million. During the same quarter in the previous year, the business earned $7.28 earnings per share. The firm’s revenue was down 6.8% compared to the same quarter last year. Research analysts forecast 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. Stockholders of record on Thursday, February 15th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Affiliated Managers Group’s dividend payout ratio is 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.