LGT Capital Partners LTD. Buys 86,670 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

LGT Capital Partners LTD. increased its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 28.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 393,330 shares of the asset manager’s stock after buying an additional 86,670 shares during the quarter. Affiliated Managers Group makes up 1.8% of LGT Capital Partners LTD.’s holdings, making the stock its 19th biggest position. LGT Capital Partners LTD. owned about 1.16% of Affiliated Managers Group worth $59,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMG. Assenagon Asset Management S.A. grew its stake in Affiliated Managers Group by 294.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 148,243 shares of the asset manager’s stock valued at $22,447,000 after buying an additional 110,646 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Affiliated Managers Group by 22.3% in the 4th quarter. Pacer Advisors Inc. now owns 5,082 shares of the asset manager’s stock valued at $770,000 after purchasing an additional 928 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Affiliated Managers Group in the 4th quarter valued at $260,000. SG Americas Securities LLC lifted its holdings in shares of Affiliated Managers Group by 72.3% during the fourth quarter. SG Americas Securities LLC now owns 15,256 shares of the asset manager’s stock worth $2,310,000 after buying an additional 6,402 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in shares of Affiliated Managers Group during the fourth quarter worth $302,000. 95.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. TD Cowen assumed 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 for the company. Barrington Research boosted their price target on Affiliated Managers Group from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.20.

Affiliated Managers Group Stock Up 0.7 %

Shares of AMG stock opened at $167.47 on Friday. The business has a fifty day simple moving average of $157.11 and a 200 day simple moving average of $143.65. The company has a market cap of $5.49 billion, a P/E ratio of 9.65, a P/E/G ratio of 0.61 and a beta of 1.30. Affiliated Managers Group, Inc. has a twelve month low of $120.22 and a twelve month high of $167.90.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, February 5th. The asset manager reported $6.86 EPS for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.28 earnings per share. As a group, equities research analysts anticipate that Affiliated Managers Group, Inc. will post 21.42 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

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

Affiliated Managers Group Company 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.