Ritholtz Wealth Management Increases Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Ritholtz Wealth Management boosted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMGFree Report) by 36.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,878 shares of the asset manager’s stock after buying an additional 504 shares during the period. Ritholtz Wealth Management’s holdings in Affiliated Managers Group were worth $347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ariel Investments LLC increased its position in Affiliated Managers Group by 8.7% during the second quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager’s stock valued at $225,411,000 after acquiring an additional 115,808 shares during the last quarter. Goodman Financial Corp bought a new position in Affiliated Managers Group in the third quarter worth approximately $14,035,000. Barclays PLC lifted its holdings in Affiliated Managers Group by 261.0% during the third quarter. Barclays PLC now owns 76,488 shares of the asset manager’s stock worth $13,600,000 after buying an additional 55,302 shares during the period. Bank of Montreal Can boosted its position in Affiliated Managers Group by 328.2% during the 3rd quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager’s stock valued at $12,420,000 after acquiring an additional 54,003 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Affiliated Managers Group by 70.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 100,072 shares of the asset manager’s stock valued at $17,793,000 after acquiring an additional 41,413 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

AMG has been the topic of a number of recent research reports. Barrington Research dropped their price objective on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $193.00 to $191.00 in a report on Monday, January 6th. 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 an average rating of “Hold” and a consensus price target of $195.40.

Read Our Latest Stock Report on Affiliated Managers Group

Affiliated Managers Group Stock Up 1.0 %

AMG stock opened at $188.80 on Wednesday. The stock has a market capitalization of $5.71 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 0.68 and a beta of 1.15. Affiliated Managers Group, Inc. has a 52 week low of $147.13 and a 52 week high of $199.52. The firm has a 50 day moving average of $185.47 and a 200 day moving average of $179.57.

Affiliated Managers Group (NYSE:AMGGet Free Report) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). The firm had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.08 earnings per share. On average, equities research analysts expect that Affiliated Managers Group, Inc. will post 20.9 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a $0.01 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 0.26%.

Affiliated Managers Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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