Blue Trust Inc. Acquires 90 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Blue Trust Inc. lifted its stake in Affiliated Managers Group, Inc. (NYSE:AMGFree Report) by 17.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 617 shares of the asset manager’s stock after acquiring an additional 90 shares during the quarter. Blue Trust Inc.’s holdings in Affiliated Managers Group were worth $93,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC lifted its stake in Affiliated Managers Group by 76.3% in the 1st quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 119 shares during the last quarter. First Capital Advisors Group LLC. bought a new stake in shares of Affiliated Managers Group during the second quarter worth approximately $44,000. Quarry LP boosted its stake in Affiliated Managers Group by 1,193.3% in the 1st quarter. Quarry LP now owns 388 shares of the asset manager’s stock valued at $55,000 after purchasing an additional 358 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Affiliated Managers Group by 428.9% during the first quarter. NewEdge Advisors LLC now owns 513 shares of the asset manager’s stock worth $73,000 after buying an additional 416 shares in the last quarter. Finally, Ronald Blue Trust Inc. raised its stake in Affiliated Managers Group by 104.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 527 shares of the asset manager’s stock worth $69,000 after purchasing an additional 269 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on AMG shares. Barrington Research increased their target price on Affiliated Managers Group from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. TD Cowen assumed coverage on shares of Affiliated Managers Group in a report on Thursday, January 4th. They set an “outperform” rating and a $185.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.20.

Read Our Latest Stock Report on AMG

Affiliated Managers Group Stock Up 1.2 %

Shares of Affiliated Managers Group stock opened at $166.34 on Thursday. Affiliated Managers Group, Inc. has a twelve month low of $120.22 and a twelve month high of $167.90. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.60 and a beta of 1.31. The company’s fifty day moving average is $158.26 and its 200 day moving average is $144.63.

Affiliated Managers Group (NYSE:AMGGet Free Report) last announced its earnings results on Monday, February 5th. The asset manager reported $6.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $7.28 earnings per share. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. As a group, equities analysts anticipate that Affiliated Managers Group, Inc. will post 21.42 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given 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 was Wednesday, February 14th. Affiliated Managers Group’s dividend payout ratio is currently 0.23%.

Affiliated Managers Group Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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