Fisher Asset Management LLC Has $48.57 Million Position in Affiliated Managers Group, Inc. $AMG

Fisher Asset Management LLC lifted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 21.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 203,723 shares of the asset manager’s stock after buying an additional 35,349 shares during the quarter. Fisher Asset Management LLC owned about 0.72% of Affiliated Managers Group worth $48,574,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP raised its holdings in Affiliated Managers Group by 188.2% in the 3rd quarter. Quantbot Technologies LP now owns 6,549 shares of the asset manager’s stock valued at $1,561,000 after acquiring an additional 4,277 shares during the period. Handelsbanken Fonder AB grew its position in shares of Affiliated Managers Group by 31.6% in the third quarter. Handelsbanken Fonder AB now owns 10,000 shares of the asset manager’s stock valued at $2,384,000 after purchasing an additional 2,400 shares during the last quarter. AlphaCore Capital LLC grew its position in shares of Affiliated Managers Group by 322.2% in the third quarter. AlphaCore Capital LLC now owns 1,047 shares of the asset manager’s stock valued at $250,000 after purchasing an additional 799 shares during the last quarter. US Bancorp DE increased its stake in shares of Affiliated Managers Group by 1.4% during the third quarter. US Bancorp DE now owns 3,561 shares of the asset manager’s stock worth $849,000 after purchasing an additional 49 shares during the period. Finally, Citigroup Inc. lifted its holdings in Affiliated Managers Group by 0.8% during the 3rd quarter. Citigroup Inc. now owns 9,363 shares of the asset manager’s stock worth $2,232,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

AMG stock opened at $310.36 on Wednesday. The company’s 50-day moving average price is $309.64 and its two-hundred day moving average price is $269.31. The firm has a market cap of $8.28 billion, a P/E ratio of 13.45, a P/E/G ratio of 0.50 and a beta of 1.18. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.64. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $334.78.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Thursday, February 12th. The asset manager reported $9.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.75 by $0.73. The business had revenue of $556.60 million for the quarter, compared to analyst estimates of $578.54 million. Affiliated Managers Group had a net margin of 34.55% and a return on equity of 18.45%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $6.53 EPS. On average, analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, February 23rd will be paid a $0.01 dividend. The ex-dividend date is Monday, February 23rd. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.17%.

Analyst Ratings Changes

Several research analysts have weighed in on AMG shares. UBS Group set a $295.00 price objective on Affiliated Managers Group in a research report on Tuesday, November 4th. Barrington Research upped their price target on shares of Affiliated Managers Group from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft set a $408.00 price objective on shares of Affiliated Managers Group and gave the stock a “buy” rating in a research note on Friday, February 13th. The Goldman Sachs Group increased their target price on shares of Affiliated Managers Group from $300.00 to $341.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen raised shares of Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $350.14.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.