Affiliated Managers Group, Inc. (NYSE:AMG) is Bruni J V & Co. Co.’s 2nd Largest Position

Bruni J V & Co. Co. lessened its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 0.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 301,845 shares of the asset manager’s stock after selling 1,050 shares during the quarter. Affiliated Managers Group makes up about 6.3% of Bruni J V & Co. Co.’s portfolio, making the stock its 2nd biggest holding. Bruni J V & Co. Co.’s holdings in Affiliated Managers Group were worth $55,817,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Affiliated Managers Group during the third quarter worth $30,000. Private Trust Co. NA grew its holdings in shares of Affiliated Managers Group by 131.9% during the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock worth $40,000 after buying an additional 124 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after buying an additional 69 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Affiliated Managers Group during the third quarter worth $46,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Affiliated Managers Group during the third quarter worth $47,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Trading Up 2.3 %

NYSE AMG opened at $171.09 on Friday. The firm’s 50-day moving average is $180.49 and its two-hundred day moving average is $180.89. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The stock has a market capitalization of $5.01 billion, a P/E ratio of 11.33, a PEG ratio of 0.57 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, beating analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. On average, sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 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 Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.01 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group’s payout ratio is currently 0.26%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMG. TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Barrington Research boosted their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Affiliated Managers Group has a consensus rating of “Moderate Buy” and a consensus target price of $198.40.

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.