Affiliated Managers Group, Inc. (NYSE:AMG) Stock Holdings Lifted by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 0.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,939 shares of the asset manager’s stock after buying an additional 111 shares during the period. Retirement Systems of Alabama owned 0.32% of Affiliated Managers Group worth $17,574,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC grew its holdings in shares of Affiliated Managers Group by 80.0% during the fourth quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Denali Advisors LLC boosted its position in Affiliated Managers Group by 429.2% during the 1st quarter. Denali Advisors LLC now owns 254 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 206 shares during the period. GAMMA Investing LLC bought a new position in Affiliated Managers Group during the 4th quarter worth $62,000. Quadrant Capital Group LLC increased its position in Affiliated Managers Group by 45.6% in the fourth quarter. Quadrant Capital Group LLC now owns 591 shares of the asset manager’s stock worth $89,000 after buying an additional 185 shares during the period. Finally, Blue Trust Inc. lifted its stake in Affiliated Managers Group by 17.1% in the fourth quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock valued at $93,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Barrington Research restated an “outperform” rating and set a $190.00 price target on shares of Affiliated Managers Group in a research report on Tuesday, May 7th. TD Cowen dropped their price target on shares of Affiliated Managers Group from $218.00 to $198.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th.

Affiliated Managers Group Price Performance

Shares of NYSE AMG traded down $1.93 during midday trading on Friday, reaching $154.78. 420,843 shares of the company traded hands, compared to its average volume of 264,219. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 0.51 and a beta of 1.22. The stock has a 50-day moving average price of $157.40 and a 200 day moving average price of $156.90. Affiliated Managers Group, Inc. has a 52 week low of $120.22 and a 52 week high of $169.65.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, May 6th. The asset manager reported $5.37 EPS for the quarter, topping analysts’ consensus estimates of $5.21 by $0.16. The company had revenue of $499.90 million for the quarter, compared to the consensus estimate of $524.53 million. Affiliated Managers Group had a net margin of 33.74% and a return on equity of 16.66%. During the same period in the previous year, the firm earned $4.18 EPS. As a group, analysts expect that Affiliated Managers Group, Inc. will post 21.72 EPS for the current year.

Affiliated Managers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Wednesday, May 15th. Affiliated Managers Group’s payout ratio is currently 0.22%.

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.