Fisher Asset Management LLC lifted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 18.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,752 shares of the asset manager's stock after acquiring an additional 13,472 shares during the quarter. Fisher Asset Management LLC owned 0.28% of Affiliated Managers Group worth $15,069,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Diversified Trust Co acquired a new position in Affiliated Managers Group in the second quarter valued at $1,293,000. Asset Management One Co. Ltd. raised its holdings in Affiliated Managers Group by 94.3% during the third quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager's stock worth $1,884,000 after purchasing an additional 5,142 shares in the last quarter. Foundry Partners LLC purchased a new position in Affiliated Managers Group during the second quarter worth about $574,000. XTX Topco Ltd raised its holdings in Affiliated Managers Group by 178.9% during the second quarter. XTX Topco Ltd now owns 5,269 shares of the asset manager's stock worth $823,000 after purchasing an additional 3,380 shares in the last quarter. Finally, Invst LLC purchased a new position in Affiliated Managers Group during the first quarter worth about $813,000. Hedge funds and other institutional investors own 95.30% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on AMG shares. TD Cowen cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and dropped their target price for the company from $226.00 to $177.00 in a report on Tuesday, November 5th. Barrington Research dropped their target price on shares of Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $196.50.
Check Out Our Latest Stock Analysis on AMG
Affiliated Managers Group Stock Down 0.4 %
Shares of AMG opened at $188.46 on Thursday. The firm has a market cap of $5.70 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.69 and a beta of 1.18. The company's fifty day moving average is $185.35 and its two-hundred day moving average is $171.68. Affiliated Managers Group, Inc. has a fifty-two week low of $131.81 and a fifty-two week high of $199.52.
Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing analysts' consensus estimates of $4.84 by ($0.02). The company had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.08 EPS. As a group, equities research analysts anticipate that Affiliated Managers Group, Inc. will post 21.01 earnings per share for the current year.
Affiliated Managers Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date is Thursday, November 14th. Affiliated Managers Group's payout ratio is currently 0.26%.
About Affiliated Managers Group
(
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.
See Also
Before you consider Affiliated Managers Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Affiliated Managers Group wasn't on the list.
While Affiliated Managers Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
