Affiliated Managers Group, Inc. (NYSE:AMG) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 97.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 873 shares of the asset manager’s stock after purchasing an additional 430 shares during the period. Signaturefd LLC’s holdings in Affiliated Managers Group were worth $132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quent Capital LLC grew its position in Affiliated Managers Group by 5.4% during the fourth quarter. Quent Capital LLC now owns 1,354 shares of the asset manager’s stock worth $205,000 after buying an additional 69 shares during the period. Lindbrook Capital LLC grew its holdings in shares of Affiliated Managers Group by 80.0% in the 4th quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock worth $25,000 after acquiring an additional 72 shares during the period. Blue Trust Inc. increased its stake in Affiliated Managers Group by 17.1% in the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock valued at $93,000 after purchasing an additional 90 shares in the last quarter. Greenleaf Trust raised its holdings in Affiliated Managers Group by 6.7% during the fourth quarter. Greenleaf Trust now owns 1,822 shares of the asset manager’s stock worth $276,000 after purchasing an additional 115 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Affiliated Managers Group by 1.7% during the third quarter. PNC Financial Services Group Inc. now owns 7,719 shares of the asset manager’s stock worth $1,006,000 after purchasing an additional 132 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Down 0.8 %

AMG opened at $158.92 on Tuesday. The business’s fifty day simple moving average is $161.31 and its 200 day simple moving average is $148.45. Affiliated Managers Group, Inc. has a 52 week low of $120.22 and a 52 week high of $169.65. The firm has a market cap of $5.16 billion, a P/E ratio of 9.16, a PEG ratio of 0.56 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, February 5th. The asset manager reported $6.86 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 firm had revenue of $502.70 million during the quarter, compared to analysts’ expectations of $524.98 million. During the same period in the previous year, the company earned $7.28 EPS. Affiliated Managers Group’s revenue for the quarter was down 6.8% on a year-over-year basis. As a group, equities analysts expect that Affiliated Managers Group, Inc. will post 22.03 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Wednesday, February 14th. Affiliated Managers Group’s payout ratio is 0.23%.

Analyst Ratings Changes

AMG has been the topic of several recent research reports. Barrington Research boosted their price objective on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. TD Cowen initiated coverage on shares of Affiliated Managers Group in a research report on Thursday, January 4th. They issued an “outperform” rating and a $185.00 price target on the stock.

About Affiliated Managers Group

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.