Captrust Financial Advisors Increases Stake in Affiliated Managers Group, Inc. (NYSE:AMG)

Captrust Financial Advisors raised its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 271.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,794 shares of the asset manager’s stock after purchasing an additional 10,081 shares during the quarter. Captrust Financial Advisors’ holdings in Affiliated Managers Group were worth $2,551,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMG. Jones Financial Companies Lllp raised its holdings in Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock valued at $26,000 after buying an additional 62 shares during the last quarter. Private Trust Co. NA increased its position in shares of Affiliated Managers Group by 131.9% in the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after acquiring an additional 124 shares during the period. UMB Bank n.a. raised its stake 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 valued at $47,000 after acquiring an additional 69 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Affiliated Managers Group during the third quarter worth about $46,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Affiliated Managers Group in the fourth quarter worth about $70,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Affiliated Managers Group Stock Down 0.9%

Shares of NYSE:AMG opened at $179.56 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. Affiliated Managers Group, Inc. has a 52-week low of $139.22 and a 52-week high of $199.52. The firm has a market capitalization of $5.17 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.57 and a beta of 1.06. The stock has a 50 day moving average price of $163.23 and a 200-day moving average price of $175.91.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, beating the consensus estimate of $5.10 by $0.10. The business had revenue of $496.60 million during the quarter, compared to analyst estimates of $508.00 million. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. During the same quarter last year, the firm posted $5.37 earnings per share. As a group, equities research analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend is Monday, May 19th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.30%.

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.