Affiliated Managers Group, Inc. (NYSE:AMG) Shares Purchased by UMB Bank n.a.

UMB Bank n.a. grew its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 37.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255 shares of the asset manager’s stock after purchasing an additional 69 shares during the period. UMB Bank n.a.’s holdings in Affiliated Managers Group were worth $47,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMG. Ensign Peak Advisors Inc increased its position in shares of Affiliated Managers Group by 0.6% in the second quarter. Ensign Peak Advisors Inc now owns 9,902 shares of the asset manager’s stock valued at $1,547,000 after buying an additional 60 shares in the last quarter. Covestor Ltd grew its position in shares of Affiliated Managers Group by 21.4% in the third quarter. Covestor Ltd now owns 471 shares of the asset manager’s stock valued at $84,000 after purchasing an additional 83 shares during the period. OneDigital Investment Advisors LLC raised its position in shares of Affiliated Managers Group by 1.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,712 shares of the asset manager’s stock worth $838,000 after purchasing an additional 90 shares during the last quarter. GAMMA Investing LLC lifted its stake in Affiliated Managers Group by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock valued at $164,000 after buying an additional 94 shares in the last quarter. Finally, Foundry Partners LLC increased its stake in Affiliated Managers Group by 3.0% during the 3rd quarter. Foundry Partners LLC now owns 3,781 shares of the asset manager’s stock worth $672,000 after buying an additional 110 shares in the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Performance

AMG opened at $186.60 on Friday. The business’s 50 day moving average price is $185.46 and its 200 day moving average price is $180.07. The stock has a market capitalization of $5.64 billion, a PE ratio of 12.17, a P/E/G ratio of 0.68 and a beta of 1.15. Affiliated Managers Group, Inc. has a one year low of $147.13 and a one year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data 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). The business had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.08 earnings per share. As a group, equities research analysts forecast that Affiliated Managers Group, Inc. will post 20.9 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a dividend of $0.01 per share. The ex-dividend date 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 is currently 0.26%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. TD Cowen lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, 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 report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.