SG Americas Securities LLC Grows Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

SG Americas Securities LLC raised its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 72.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,256 shares of the asset manager’s stock after acquiring an additional 6,402 shares during the quarter. SG Americas Securities LLC’s holdings in Affiliated Managers Group were worth $2,310,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Lazard Asset Management LLC grew its stake in Affiliated Managers Group by 76.3% during the first quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 119 shares in the last quarter. First Capital Advisors Group LLC. purchased a new position in shares of Affiliated Managers Group during the second quarter valued at about $44,000. Quarry LP grew its position in shares of Affiliated Managers Group by 1,193.3% during the first quarter. Quarry LP now owns 388 shares of the asset manager’s stock valued at $55,000 after purchasing an additional 358 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Affiliated Managers Group by 428.9% in the first quarter. NewEdge Advisors LLC now owns 513 shares of the asset manager’s stock worth $73,000 after purchasing an additional 416 shares during the last quarter. Finally, Ronald Blue Trust Inc. lifted its position in shares of Affiliated Managers Group by 104.3% in the third quarter. Ronald Blue Trust Inc. now owns 527 shares of the asset manager’s stock worth $69,000 after buying an additional 269 shares in the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Up 1.6 %

AMG stock opened at $166.27 on Thursday. Affiliated Managers Group, Inc. has a twelve month low of $120.22 and a twelve month high of $166.43. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 0.60 and a beta of 1.30. The firm’s fifty day simple moving average is $156.76 and its two-hundred day simple moving average is $143.49.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, February 5th. The asset manager reported $6.86 earnings per share for the quarter, beating analysts’ consensus estimates of $6.03 by $0.83. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The company had revenue of $502.70 million during the quarter, compared to analyst estimates of $524.98 million. During the same quarter last year, the business posted $7.28 EPS. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. As a group, equities research analysts expect that Affiliated Managers Group, Inc. will post 21.42 EPS for the current year.

Affiliated Managers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, February 14th. Affiliated Managers Group’s payout ratio is 0.23%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMG. TD Cowen assumed coverage on Affiliated Managers Group in a research note on Thursday, January 4th. They issued an “outperform” rating and a $185.00 price objective on the stock. Barrington Research boosted their price target on shares of Affiliated Managers Group from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.20.

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.