KBC Group NV Raises Position in Affiliated Managers Group, Inc. (NYSE:AMG)

KBC Group NV boosted its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,244 shares of the asset manager’s stock after purchasing an additional 264 shares during the period. KBC Group NV’s holdings in Affiliated Managers Group were worth $230,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its stake in Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 69 shares during the period. Covestor Ltd increased its stake 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 worth $84,000 after purchasing an additional 83 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Affiliated Managers Group by 1.9% in the third 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 in the last quarter. GAMMA Investing LLC raised its position in shares of Affiliated Managers Group by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock valued at $164,000 after purchasing an additional 94 shares during the period. Finally, Foundry Partners LLC lifted its stake in shares of Affiliated Managers Group by 3.0% during the 3rd quarter. Foundry Partners LLC now owns 3,781 shares of the asset manager’s stock valued at $672,000 after buying an additional 110 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Stock Down 0.9 %

Shares of NYSE AMG opened at $182.12 on Wednesday. The firm has a market capitalization of $5.51 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.69 and a beta of 1.15. The stock’s 50-day simple moving average is $185.46 and its two-hundred day simple moving average is $181.09. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last announced 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 net margin of 27.02% and a return on equity of 16.76%. The company had revenue of $525.20 million during the quarter, compared to analysts’ expectations of $521.87 million. During the same period in the prior year, the business earned $4.08 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, research analysts anticipate that Affiliated Managers Group, Inc. will post 20.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMG has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $193.00 to $191.00 in a report on Monday, January 6th. TD Cowen lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $226.00 to $177.00 in a report on Tuesday, November 5th. Finally, Barrington Research cut 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 research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Affiliated Managers Group has an average 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.