Atlanta Consulting Group Advisors LLC Has $213,000 Stake in Affiliated Managers Group, Inc. (NYSE:AMG)

Atlanta Consulting Group Advisors LLC decreased its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 15.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,150 shares of the asset manager’s stock after selling 203 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Affiliated Managers Group were worth $213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AMG. Atria Investments Inc acquired a new stake in Affiliated Managers Group in the 3rd quarter worth about $540,000. Crossmark Global Holdings Inc. raised its stake in Affiliated Managers Group by 47.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,820 shares of the asset manager’s stock worth $502,000 after purchasing an additional 912 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Affiliated Managers Group in the 3rd quarter valued at approximately $201,000. Victory Capital Management Inc. raised its position in shares of Affiliated Managers Group by 13.9% in the 3rd quarter. Victory Capital Management Inc. now owns 113,191 shares of the asset manager’s stock valued at $20,125,000 after buying an additional 13,784 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Affiliated Managers Group by 17.4% in the 3rd quarter. KBC Group NV now owns 980 shares of the asset manager’s stock valued at $174,000 after buying an additional 145 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Trading Up 3.0 %

Shares of Affiliated Managers Group stock opened at $163.62 on Monday. The firm has a market capitalization of $4.79 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. 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 firm’s 50 day moving average is $175.20 and its 200 day moving average is $180.35. Affiliated Managers Group, Inc. has a 1 year low of $147.13 and a 1 year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Equities research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.26%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMG. Barrington Research boosted their target price on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.40.

About Affiliated Managers Group

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.