Affiliated Managers Group, Inc. (NYSE:AMG) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in Affiliated Managers Group, Inc. (NYSE:AMG – Get Rating) by 17.9% in the third quarter, Holdings Channel reports. The firm owned 8,851 shares of the asset manager’s stock after acquiring an additional 1,343 shares during the period. Federated Hermes Inc.’s holdings in Affiliated Managers Group were worth $990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AMG. Natixis Advisors L.P. boosted its position in shares of Affiliated Managers Group by 2.5% in the 1st quarter. Natixis Advisors L.P. now owns 12,741 shares of the asset manager’s stock valued at $1,796,000 after purchasing an additional 310 shares during the period. Bank of Montreal Can lifted its position in Affiliated Managers Group by 88.9% during the 1st quarter. Bank of Montreal Can now owns 8,484 shares of the asset manager’s stock worth $1,239,000 after acquiring an additional 3,992 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Affiliated Managers Group by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,898 shares of the asset manager’s stock worth $2,100,000 after acquiring an additional 1,420 shares during the period. Great West Life Assurance Co. Can lifted its position in Affiliated Managers Group by 8.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 23,046 shares of the asset manager’s stock worth $3,341,000 after acquiring an additional 1,772 shares during the period. Finally, Yousif Capital Management LLC lifted its position in Affiliated Managers Group by 2.1% during the 1st quarter. Yousif Capital Management LLC now owns 23,530 shares of the asset manager’s stock worth $3,317,000 after acquiring an additional 491 shares during the period. 95.31% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock opened at $137.39 on Tuesday. The stock has a fifty day moving average of $164.58 and a two-hundred day moving average of $146.49. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 0.66 and a beta of 1.35. Affiliated Managers Group, Inc. has a fifty-two week low of $108.12 and a fifty-two week high of $180.63.

Affiliated Managers Group (NYSE:AMG – Get Rating) last released its quarterly earnings results on Monday, February 6th. The asset manager reported $7.28 earnings per share for the quarter, topping the consensus estimate of $7.03 by $0.25. The company had revenue of $539.60 million during the quarter, compared to the consensus estimate of $599.42 million. Affiliated Managers Group had a return on equity of 21.29% and a net margin of 49.18%. During the same quarter last year, the business posted $6.10 earnings per share. On average, analysts forecast that Affiliated Managers Group, Inc. will post 19.19 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 2nd. Stockholders of record on Thursday, February 16th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, February 15th. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.15%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Affiliated Managers Group in a research note on Monday, November 21st. They set a “buy” rating and a $182.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their target price on Affiliated Managers Group from $187.00 to $192.00 and gave the stock a “buy” rating in a research note on Monday, February 6th. Barrington Research increased their target price on Affiliated Managers Group from $155.00 to $195.00 and gave the stock an “outperform” rating in a research note on Monday, February 6th. Jefferies Financial Group raised Affiliated Managers Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $149.00 to $192.00 in a research note on Monday, November 28th. Finally, StockNews.com downgraded Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 28th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $185.21.

About Affiliated Managers Group

(Get Rating)

Affiliated Managers Group, Inc engages in the provision of asset management with equity investment. The company was founded by in December 1993 and is headquartered in West Palm Beach, FL.