Russell Investments Group Ltd. Buys 24,279 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Russell Investments Group Ltd. boosted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 45.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,490 shares of the asset manager’s stock after buying an additional 24,279 shares during the period. Russell Investments Group Ltd. owned approximately 0.23% of Affiliated Managers Group worth $11,734,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC raised its stake in shares of Affiliated Managers Group by 80.0% in the fourth quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock worth $25,000 after purchasing an additional 72 shares during the last quarter. GAMMA Investing LLC purchased a new position in Affiliated Managers Group in the 4th quarter worth about $62,000. Blue Trust Inc. lifted its stake in Affiliated Managers Group by 17.1% during the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock valued at $93,000 after acquiring an additional 90 shares during the period. Signaturefd LLC boosted its holdings in shares of Affiliated Managers Group by 97.1% during the 4th quarter. Signaturefd LLC now owns 873 shares of the asset manager’s stock valued at $132,000 after acquiring an additional 430 shares during the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Affiliated Managers Group in the fourth quarter worth approximately $204,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research increased their price objective on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th.

Affiliated Managers Group Stock Down 0.2 %

Affiliated Managers Group stock opened at $160.35 on Monday. Affiliated Managers Group, Inc. has a 52-week low of $120.22 and a 52-week high of $169.65. The company has a market cap of $5.20 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.56 and a beta of 1.31. The business has a 50-day simple moving average of $161.52 and a two-hundred day simple moving average of $149.55.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, February 5th. The asset manager reported $6.86 EPS for the quarter, beating analysts’ consensus estimates of $6.03 by $0.83. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The business had revenue of $502.70 million during the quarter, compared to analysts’ expectations of $524.98 million. During the same period in the prior year, the company earned $7.28 earnings per share. The firm’s revenue was down 6.8% on a year-over-year basis. Research analysts anticipate that Affiliated Managers Group, Inc. will post 22.03 EPS for the current fiscal year.

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.