Assenagon Asset Management S.A. Has $22.45 Million Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Assenagon Asset Management S.A. boosted its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 294.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,243 shares of the asset manager’s stock after buying an additional 110,646 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.44% of Affiliated Managers Group worth $22,447,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its position in shares of Affiliated Managers Group by 76.3% in 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 during the period. First Capital Advisors Group LLC. bought a new stake in shares of Affiliated Managers Group in the second quarter valued at about $44,000. Quarry LP increased its stake in 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 acquiring an additional 358 shares during the period. Ronald Blue Trust Inc. lifted its position in shares of 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 acquiring an additional 269 shares during the period. Finally, NewEdge Advisors LLC lifted its position in 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 period. Institutional investors own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $166.27 on Thursday. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 0.60 and a beta of 1.30. Affiliated Managers Group, Inc. has a 52 week low of $120.22 and a 52 week high of $166.43. The firm’s 50-day simple moving average is $156.76 and its 200 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 (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.83. The firm had revenue of $502.70 million for the quarter, compared to the consensus estimate of $524.98 million. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $7.28 earnings per share. Sell-side analysts anticipate 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 paid 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 of this dividend was Wednesday, February 14th. Affiliated Managers Group’s payout ratio is 0.23%.

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.