Affiliated Managers Group, Inc. (NYSE:AMG) Holdings Trimmed by Bank of New Hampshire

Bank of New Hampshire lowered its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 12.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,338 shares of the asset manager’s stock after selling 184 shares during the quarter. Bank of New Hampshire’s holdings in Affiliated Managers Group were worth $224,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AMG. Janney Montgomery Scott LLC boosted its position in shares of Affiliated Managers Group by 118.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 6,748 shares of the asset manager’s stock valued at $880,000 after purchasing an additional 3,661 shares during the period. HighTower Advisors LLC grew its holdings in Affiliated Managers Group by 47.0% in the 3rd quarter. HighTower Advisors LLC now owns 3,626 shares of the asset manager’s stock valued at $471,000 after buying an additional 1,160 shares during the last quarter. UBS Group AG grew its holdings in Affiliated Managers Group by 4.7% in the 3rd quarter. UBS Group AG now owns 48,788 shares of the asset manager’s stock valued at $6,359,000 after buying an additional 2,197 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Affiliated Managers Group by 1.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,719 shares of the asset manager’s stock valued at $1,006,000 after buying an additional 132 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Affiliated Managers Group by 125.3% during the third quarter. Envestnet Asset Management Inc. now owns 42,856 shares of the asset manager’s stock valued at $5,586,000 after purchasing an additional 23,833 shares during the period. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

Shares of NYSE:AMG opened at $156.96 on Friday. The business’s fifty day moving average price is $157.93 and its two-hundred day moving average price is $155.93. Affiliated Managers Group, Inc. has a fifty-two week low of $120.22 and a fifty-two week high of $169.65. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 0.50 and a beta of 1.24.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, May 6th. The asset manager reported $5.37 EPS for the quarter, topping analysts’ consensus estimates of $5.21 by $0.16. The company had revenue of $499.90 million for the quarter, compared to analyst estimates of $524.53 million. Affiliated Managers Group had a return on equity of 16.66% and a net margin of 33.74%. During the same quarter in the previous year, the firm earned $4.18 earnings per share. Research analysts expect that Affiliated Managers Group, Inc. will post 21.72 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Wednesday, May 15th. Affiliated Managers Group’s dividend payout ratio is currently 0.22%.

Wall Street Analyst Weigh In

AMG has been the topic of a number of research reports. Barrington Research restated an “outperform” rating and set a $190.00 price objective on shares of Affiliated Managers Group in a research report on Tuesday, May 7th. TD Cowen lowered their price objective on Affiliated Managers Group from $218.00 to $198.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th.

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.