Royce & Associates LP Has $4,491,000 Position in Affiliated Managers Group, Inc. (AMG)

Royce & Associates LP continued to hold its position in Affiliated Managers Group, Inc. (NYSE:AMG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,080 shares of the asset manager’s stock at the close of the 2nd quarter. Royce & Associates LP’s holdings in Affiliated Managers Group were worth $4,491,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Paradigm Asset Management Co. LLC purchased a new stake in shares of Affiliated Managers Group in the second quarter worth about $4,047,000. First Interstate Bank lifted its position in shares of Affiliated Managers Group by 159.8% in the second quarter. First Interstate Bank now owns 2,089 shares of the asset manager’s stock worth $346,000 after buying an additional 1,285 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI purchased a new stake in shares of Affiliated Managers Group in the second quarter worth about $315,000. American Century Companies Inc. lifted its position in shares of Affiliated Managers Group by 24.3% in the second quarter. American Century Companies Inc. now owns 694,845 shares of the asset manager’s stock worth $115,247,000 after buying an additional 135,663 shares in the last quarter. Finally, Aviva PLC lifted its position in shares of Affiliated Managers Group by 2.6% in the second quarter. Aviva PLC now owns 34,519 shares of the asset manager’s stock worth $5,726,000 after buying an additional 870 shares in the last quarter. Institutional investors own 96.17% of the company’s stock.

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) traded up 0.54% on Friday, reaching $179.54. The company had a trading volume of 80,751 shares. The stock has a market capitalization of $10.05 billion, a P/E ratio of 19.89 and a beta of 1.66. The company’s 50 day moving average price is $177.08 and its 200-day moving average price is $166.68. Affiliated Managers Group, Inc. has a 1-year low of $130.48 and a 1-year high of $187.08.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, July 31st. The asset manager reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. The company had revenue of $570.90 million for the quarter, compared to analyst estimates of $573.73 million. Affiliated Managers Group had a return on equity of 17.45% and a net margin of 22.99%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.07 earnings per share. Equities analysts predict that Affiliated Managers Group, Inc. will post $14.55 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were paid a $0.20 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. Affiliated Managers Group’s dividend payout ratio (DPR) is 8.87%.

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A number of equities research analysts have issued reports on the company. Jefferies Group LLC restated a “buy” rating and set a $200.00 price objective on shares of Affiliated Managers Group in a research report on Friday, August 18th. Credit Suisse Group upped their price objective on Affiliated Managers Group from $205.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $215.00 price objective on shares of Affiliated Managers Group in a research report on Thursday, August 3rd. BidaskClub downgraded Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $195.50.

Affiliated Managers Group Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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