Yousif Capital Management LLC Sells 492 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Yousif Capital Management LLC lessened its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,482 shares of the asset manager’s stock after selling 492 shares during the period. Yousif Capital Management LLC’s holdings in Affiliated Managers Group were worth $2,496,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AMG. Lindbrook Capital LLC lifted its position in Affiliated Managers Group by 80.0% during the 4th quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock worth $25,000 after buying an additional 72 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Affiliated Managers Group in the 4th quarter valued at about $62,000. Blue Trust Inc. raised its stake in shares of Affiliated Managers Group by 17.1% in the fourth quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock worth $93,000 after acquiring an additional 90 shares during the last quarter. Signaturefd LLC lifted its position in shares of Affiliated Managers Group by 97.1% during the fourth quarter. Signaturefd LLC now owns 873 shares of the asset manager’s stock worth $132,000 after purchasing an additional 430 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Affiliated Managers Group during the fourth quarter valued at approximately $204,000. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

AMG opened at $158.92 on Tuesday. The firm has a 50 day simple moving average of $161.31 and a 200 day simple moving average of $148.45. Affiliated Managers Group, Inc. has a fifty-two week low of $120.22 and a fifty-two week high of $169.65. The company has a market cap of $5.16 billion, a price-to-earnings 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 issued 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. 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 EPS. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, analysts expect that Affiliated Managers Group, Inc. will post 22.03 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently announced 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 0.03%. The ex-dividend date of this dividend was Wednesday, February 14th. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.23%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. TD Cowen began coverage on shares of Affiliated Managers Group in a research report on Thursday, January 4th. They issued an “outperform” rating and a $185.00 price objective for the company. Barrington Research boosted their target price on 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 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.