Affiliated Managers Group, Inc. (NYSE:AMG) Stake Increased by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 11.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 888 shares of the asset manager’s stock after acquiring an additional 94 shares during the quarter. GAMMA Investing LLC’s holdings in Affiliated Managers Group were worth $164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. boosted its position in Affiliated Managers Group by 18.3% during the 3rd quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager’s stock worth $19,363,000 after acquiring an additional 15,746 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Affiliated Managers Group in the third quarter worth approximately $46,000. World Investment Advisors LLC acquired a new stake in shares of Affiliated Managers Group during the third quarter worth approximately $2,592,000. SkyView Investment Advisors LLC boosted its holdings in shares of Affiliated Managers Group by 2.4% during the third quarter. SkyView Investment Advisors LLC now owns 5,818 shares of the asset manager’s stock worth $1,034,000 after purchasing an additional 137 shares during the period. Finally, TD Private Client Wealth LLC grew its position in Affiliated Managers Group by 68.6% during the third quarter. TD Private Client Wealth LLC now owns 826 shares of the asset manager’s stock valued at $147,000 after purchasing an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Trading Up 0.1 %

Shares of NYSE:AMG opened at $180.63 on Thursday. The stock has a market capitalization of $5.46 billion, a PE ratio of 11.78, a P/E/G ratio of 0.69 and a beta of 1.15. Affiliated Managers Group, Inc. has a 1 year low of $145.36 and a 1 year high of $199.52. The firm has a fifty day moving average price of $185.76 and a 200 day moving average price of $177.73.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.84 by ($0.02). The company had revenue of $525.20 million for the quarter, compared to the consensus estimate of $521.87 million. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.08 EPS. On average, sell-side analysts forecast that Affiliated Managers Group, Inc. will post 20.91 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.26%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $193.00 to $191.00 in a research report on Monday. TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Barrington Research lowered their target price on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. 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 note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $195.40.

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.