Affiliated Managers Group, Inc. $AMG Shares Acquired by Moody Aldrich Partners LLC

by · The Cerbat Gem

Moody Aldrich Partners LLC increased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG – Free Report) by 90.7% in the third quarter, HoldingsChannel reports. The firm owned 15,111 shares of the asset manager’s stock after acquiring an additional 7,189 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Affiliated Managers Group were worth $3,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AMG. Seascape Capital Management raised its position in Affiliated Managers Group by 9.8% during the 3rd quarter. Seascape Capital Management now owns 18,377 shares of the asset manager’s stock worth $4,382,000 after buying an additional 1,640 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Affiliated Managers Group in the third quarter worth $208,000. Ethic Inc. raised its holdings in shares of Affiliated Managers Group by 14.0% during the third quarter. Ethic Inc. now owns 3,306 shares of the asset manager’s stock worth $788,000 after purchasing an additional 407 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Affiliated Managers Group during the third quarter valued at $903,000. Finally, Farther Finance Advisors LLC boosted its holdings in Affiliated Managers Group by 16.1% in the third quarter. Farther Finance Advisors LLC now owns 3,327 shares of the asset manager’s stock valued at $793,000 after purchasing an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Down 0.6%

Shares of AMG opened at $288.57 on Thursday. The firm has a market cap of $8.12 billion, a P/E ratio of 17.19, a PEG ratio of 0.64 and a beta of 1.22. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $299.69. The stock’s 50 day moving average is $265.67 and its two-hundred day moving average is $235.59. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56.

Affiliated Managers Group (NYSE:AMG – Get Free Report) last announced its earnings results on Monday, November 3rd. The asset manager reported $6.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.88 by $0.22. The firm had revenue of $528.00 million for the quarter, compared to analyst estimates of $543.39 million. Affiliated Managers Group had a return on equity of 16.75% and a net margin of 26.01%.The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.82 EPS. Analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Thursday, November 13th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, November 13th. Affiliated Managers Group’s dividend payout ratio is 0.24%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMG. UBS Group set a $295.00 price objective on Affiliated Managers Group in a research note on Tuesday, November 4th. Barrington Research lifted their price target on Affiliated Managers Group from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Jefferies Financial Group reissued a “buy” rating and issued a $282.00 price target on shares of Affiliated Managers Group in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Affiliated Managers Group in a research note on Wednesday, October 8th. Finally, Bank of America boosted their target price on shares of Affiliated Managers Group to $335.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $328.67.

Read Our Latest Stock Report on Affiliated Managers Group

Affiliated Managers Group Company Profile

(Free Report)

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.

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