Crossmark Global Holdings Inc. Purchases 912 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Crossmark Global Holdings Inc. boosted its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 47.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,820 shares of the asset manager’s stock after acquiring an additional 912 shares during the period. Crossmark Global Holdings Inc.’s holdings in Affiliated Managers Group were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc raised its stake in shares of Affiliated Managers Group by 0.6% in the 2nd quarter. Ensign Peak Advisors Inc now owns 9,902 shares of the asset manager’s stock valued at $1,547,000 after purchasing an additional 60 shares during the period. Blair William & Co. IL lifted its stake in Affiliated Managers Group by 0.5% in the 1st quarter. Blair William & Co. IL now owns 12,924 shares of the asset manager’s stock valued at $2,164,000 after acquiring an additional 69 shares in the last quarter. Covestor Ltd boosted its position in Affiliated Managers Group by 21.4% during the 3rd quarter. Covestor Ltd now owns 471 shares of the asset manager’s stock worth $84,000 after acquiring an additional 83 shares during the last quarter. Kendall Capital Management grew its stake in shares of Affiliated Managers Group by 2.5% during the 2nd quarter. Kendall Capital Management now owns 4,135 shares of the asset manager’s stock worth $646,000 after acquiring an additional 100 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Affiliated Managers Group by 4.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,261 shares of the asset manager’s stock worth $546,000 after acquiring an additional 150 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock opened at $186.42 on Friday. The stock has a 50-day simple moving average of $182.85 and a 200 day simple moving average of $170.18. The stock has a market capitalization of $5.63 billion, a P/E ratio of 12.16, a PEG ratio of 0.68 and a beta of 1.18. Affiliated Managers Group, Inc. has a 52 week low of $131.34 and a 52 week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results 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). Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The business had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. During the same period in the previous year, the firm posted $4.08 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. Research analysts forecast that Affiliated Managers Group, Inc. will post 21.01 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend is Thursday, November 14th. Affiliated Managers Group’s payout ratio is 0.26%.

Insider Activity at Affiliated Managers Group

In other Affiliated Managers Group news, CEO Jay C. Horgen sold 9,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the transaction, the chief executive officer now owns 377,276 shares in the company, valued at $64,883,926.48. This trade represents a 2.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on AMG shares. Barrington Research reduced their target price on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $226.00 to $177.00 in a report on Tuesday, November 5th. StockNews.com lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Bank of America upped their price objective on Affiliated Managers Group from $200.00 to $201.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $196.50.

Affiliated Managers Group Company 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.