Pathstone Family Office LLC Has $1.52 Million Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Pathstone Family Office LLC raised its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMGFree Report) by 12.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,665 shares of the asset manager’s stock after purchasing an additional 1,320 shares during the quarter. Pathstone Family Office LLC’s holdings in Affiliated Managers Group were worth $1,520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AMG. Lazard Asset Management LLC lifted its holdings in Affiliated Managers Group by 76.3% during the first quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 119 shares during the last quarter. First Capital Advisors Group LLC. purchased a new stake in Affiliated Managers Group during the second quarter valued at about $44,000. Quarry LP lifted its holdings in Affiliated Managers Group by 1,193.3% during the first quarter. Quarry LP now owns 388 shares of the asset manager’s stock valued at $55,000 after purchasing an additional 358 shares during the last quarter. National Bank of Canada FI lifted its holdings in Affiliated Managers Group by 54.0% during the second quarter. National Bank of Canada FI now owns 402 shares of the asset manager’s stock valued at $60,000 after purchasing an additional 141 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Affiliated Managers Group by 31.5% during the second quarter. EverSource Wealth Advisors LLC now owns 426 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 102 shares during the last quarter. 92.89% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Trading Up 1.0 %

AMG stock opened at $155.89 on Monday. The company’s 50 day moving average is $149.03 and its 200 day moving average is $137.84. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.57 and a beta of 1.31. Affiliated Managers Group, Inc. has a 1-year low of $120.22 and a 1-year high of $168.89.

Affiliated Managers Group (NYSE:AMGGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The asset manager reported $6.86 earnings per share for the quarter, topping the consensus estimate of $6.03 by $0.83. The company had revenue of $502.70 million for 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%. Affiliated Managers Group’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $7.28 earnings per share. As a group, sell-side analysts forecast that Affiliated Managers Group, Inc. will post 21.19 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 15th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, February 14th. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.23%.

Wall Street Analysts Forecast Growth

AMG has been the topic of a number of recent 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 target on the stock. Barrington Research increased their price target on shares of Affiliated Managers Group from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. Finally, StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.20.

Get Our Latest Stock Report on AMG

About Affiliated Managers Group

(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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