Affiliated Managers Group, Inc. (NYSE:AMG) Position Boosted by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 11.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Affiliated Managers Group during the third quarter valued at $30,000. Altshuler Shaham Ltd bought a new position in Affiliated Managers Group in the 2nd quarter valued at about $28,000. UMB Bank n.a. grew its position in Affiliated Managers Group by 481.3% in the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after buying an additional 154 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Affiliated Managers Group during the 3rd quarter valued at about $46,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of Affiliated Managers Group during the 3rd quarter worth about $47,000. Institutional investors own 95.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMG. Barrington Research decreased their price objective 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. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $193.00 to $191.00 in a research note on Monday. TD Cowen downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $195.40.

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock opened at $180.63 on Thursday. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth 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’s 50 day moving average price is $185.76 and its two-hundred day moving average price is $177.73.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) 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 company had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. During the same quarter in the previous year, the firm earned $4.08 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts predict that Affiliated Managers Group, Inc. will post 20.91 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

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

About Affiliated Managers Group

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.