Central Pacific Bank Trust Division Takes $624,000 Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Central Pacific Bank Trust Division bought a new stake in Affiliated Managers Group, Inc. (NYSE:AMGFree Report) in the 1st quarter, Holdings Channel reports. The institutional investor bought 3,763 shares of the asset manager’s stock, valued at approximately $624,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC raised its position 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 buying an additional 72 shares in the last quarter. Denali Advisors LLC lifted its stake in Affiliated Managers Group by 429.2% in 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 last quarter. GAMMA Investing LLC acquired a new stake in Affiliated Managers Group in the fourth quarter valued at approximately $62,000. Quadrant Capital Group LLC grew its stake in shares of Affiliated Managers Group by 45.6% during 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 last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Affiliated Managers Group by 17.1% during the fourth quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock worth $93,000 after buying an additional 90 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Up 0.3 %

Affiliated Managers Group stock traded up $0.39 during trading hours on Wednesday, hitting $155.11. The stock had a trading volume of 2,490 shares, compared to its average volume of 262,309. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 0.50 and a beta of 1.22. Affiliated Managers Group, Inc. has a one year low of $120.22 and a one year high of $169.65. The business’s 50 day simple moving average is $157.19 and its 200-day simple moving average is $157.05.

Affiliated Managers Group (NYSE:AMGGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The asset manager reported $5.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.21 by $0.16. Affiliated Managers Group had a return on equity of 16.66% and a net margin of 33.74%. The company had revenue of $499.90 million during the quarter, compared to the consensus estimate of $524.53 million. During the same period last year, the company earned $4.18 earnings per share. Research analysts anticipate that Affiliated Managers Group, Inc. will post 21.72 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on AMG. Barrington Research reissued an “outperform” rating and set a $190.00 price objective on shares of Affiliated Managers Group in a report on Tuesday, May 7th. TD Cowen increased their target price on Affiliated Managers Group from $198.00 to $201.00 and gave the company a “buy” rating in a research report on Monday.

Check Out Our Latest Analysis on Affiliated Managers Group

Affiliated Managers Group Profile

(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.

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Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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