The Manufacturers Life Insurance Company Has $4.44 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

The Manufacturers Life Insurance Company reduced its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 0.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,993 shares of the asset manager’s stock after selling 138 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Affiliated Managers Group worth $4,437,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Barclays PLC increased its holdings in Affiliated Managers Group by 261.0% in the third quarter. Barclays PLC now owns 76,488 shares of the asset manager’s stock valued at $13,600,000 after purchasing an additional 55,302 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at about $46,000. Franklin Resources Inc. increased its stake in shares of Affiliated Managers Group by 18.3% in the third quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager’s stock valued at $19,363,000 after buying an additional 15,746 shares during the period. GAMMA Investing LLC raised its position in shares of Affiliated Managers Group by 11.8% during the fourth quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock worth $164,000 after acquiring an additional 94 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Affiliated Managers Group by 6.0% in the fourth quarter. Nordea Investment Management AB now owns 43,018 shares of the asset manager’s stock worth $8,009,000 after acquiring an additional 2,448 shares during the period. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Trading Up 3.4 %

NYSE:AMG opened at $181.21 on Friday. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $199.52. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 0.57 and a beta of 1.06. The firm has a fifty day simple moving average of $162.86 and a two-hundred day simple moving average of $176.19.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, beating the consensus estimate of $5.10 by $0.10. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. The company had revenue of $496.60 million during the quarter, compared to the consensus estimate of $508.00 million. During the same period last year, the business posted $5.37 EPS. Analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMG. Barrington Research decreased their target price on shares of Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. TD Cowen cut their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, Bank of America lowered their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Affiliated Managers Group presently has an average rating of “Moderate Buy” and a consensus target price of $192.40.

Affiliated Managers Group Company 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.