Illinois Municipal Retirement Fund Raises Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Illinois Municipal Retirement Fund raised its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 38.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,048 shares of the asset manager’s stock after buying an additional 3,625 shares during the period. Illinois Municipal Retirement Fund’s holdings in Affiliated Managers Group were worth $1,976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quent Capital LLC boosted its position in Affiliated Managers Group by 5.4% in the 4th quarter. Quent Capital LLC now owns 1,354 shares of the asset manager’s stock valued at $205,000 after buying an additional 69 shares during the period. Lindbrook Capital LLC raised 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 valued at $25,000 after purchasing 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 valued at $93,000 after purchasing an additional 90 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Affiliated Managers Group by 6.7% in the 4th quarter. Greenleaf Trust now owns 1,822 shares of the asset manager’s stock valued at $276,000 after purchasing an additional 115 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Affiliated Managers Group by 1.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,719 shares of the asset manager’s stock valued at $1,006,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Trading Down 1.5 %

AMG stock opened at $159.58 on Friday. The company has a market cap of $5.18 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.56 and a beta of 1.31. Affiliated Managers Group, Inc. has a 52 week low of $120.22 and a 52 week high of $169.65. The company’s 50-day moving average price is $161.19 and its 200 day moving average price is $147.91.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, February 5th. The asset manager reported $6.86 earnings per share (EPS) for the quarter, beating 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 company had revenue of $502.70 million for the quarter, compared to the consensus estimate of $524.98 million. During the same quarter in the prior year, the firm earned $7.28 earnings per share. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. On average, equities research analysts expect that Affiliated Managers Group, Inc. will post 22.03 earnings per share for the current 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 issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Wednesday, February 14th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.23%.

Analyst Ratings Changes

AMG has been the topic of a number of analyst reports. 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 objective on the stock. Barrington Research lifted their price target on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th.

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.