Affiliated Managers Group, Inc. (NYSE:AMG) Holdings Lowered by Duality Advisers LP

Duality Advisers LP trimmed its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 2.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,730 shares of the asset manager’s stock after selling 132 shares during the period. Duality Advisers LP’s holdings in Affiliated Managers Group were worth $868,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMG. Lindbrook Capital LLC raised its position in shares of Affiliated Managers Group by 80.0% during the 4th quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock worth $25,000 after buying an additional 72 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Affiliated Managers Group by 17.1% in the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock worth $93,000 after purchasing an additional 90 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Affiliated Managers Group by 97.1% in the 4th quarter. Signaturefd LLC now owns 873 shares of the asset manager’s stock worth $132,000 after purchasing an additional 430 shares in the last quarter. Integrated Investment Consultants LLC bought a new stake in shares of Affiliated Managers Group in the 4th quarter worth approximately $204,000. Finally, Quent Capital LLC raised its holdings in shares of Affiliated Managers Group by 5.4% during the fourth quarter. Quent Capital LLC now owns 1,354 shares of the asset manager’s stock valued at $205,000 after acquiring an additional 69 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Affiliated Managers Group Trading Up 0.4 %

Shares of Affiliated Managers Group stock opened at $162.07 on Thursday. The firm has a fifty day simple moving average of $161.05 and a 200-day simple moving average of $147.81. Affiliated Managers Group, Inc. has a 1-year low of $120.22 and a 1-year high of $169.65. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 9.34, 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, beating the consensus estimate of $6.03 by $0.83. The firm had revenue of $502.70 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $7.28 EPS. As a group, research analysts predict that Affiliated Managers Group, Inc. will post 22.03 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Wednesday, February 14th. Affiliated Managers Group’s payout ratio is currently 0.23%.

Affiliated Managers Group 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.