Crossmark Global Holdings Inc. trimmed its holdings in Affiliated Managers Group, Inc. (NYSE:AMG – Free Report) by 34.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,843 shares of the asset manager’s stock after selling 977 shares during the period. Crossmark Global Holdings Inc.’s holdings in Affiliated Managers Group were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in AMG. World Investment Advisors LLC purchased a new position in shares of Affiliated Managers Group during the third quarter valued at about $2,592,000. Asset Management One Co. Ltd. boosted its stake in Affiliated Managers Group by 94.3% during the third quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager’s stock valued at $1,884,000 after buying an additional 5,142 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Affiliated Managers Group during the 3rd quarter valued at approximately $543,000. Empirical Asset Management LLC increased its stake in Affiliated Managers Group by 10,522.8% in the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock worth $347,000 after acquiring an additional 188,568 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in Affiliated Managers Group in the 3rd quarter worth approximately $2,130,000. Institutional investors own 95.30% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on AMG. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $226.00 to $177.00 in a report on Tuesday, November 5th. Barrington Research dropped their target price on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $195.40.
Affiliated Managers Group Stock Up 0.2 %
AMG opened at $186.60 on Monday. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52. The company has a market cap of $5.64 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 0.68 and a beta of 1.15. The company has a 50-day moving average price of $185.46 and a 200 day moving average price of $180.21.
Affiliated Managers Group (NYSE:AMG – Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The company had revenue of $525.20 million for the quarter, compared to analysts’ expectations of $521.87 million. During the same quarter in the previous year, the business posted $4.08 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, sell-side analysts expect that Affiliated Managers Group, Inc. will post 20.9 earnings per share for the current year.
Affiliated Managers Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a $0.01 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is presently 0.26%.
About Affiliated Managers Group
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.
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