Affiliated Managers Group, Inc. (NYSE:AMG) Stock Holdings Raised by Cetera Trust Company N.A

Cetera Trust Company N.A increased its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 25.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,410 shares of the asset manager’s stock after buying an additional 290 shares during the quarter. Cetera Trust Company N.A’s holdings in Affiliated Managers Group were worth $261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in Affiliated Managers Group during the third quarter valued at about $30,000. UMB Bank n.a. boosted its position in shares of Affiliated Managers Group by 481.3% in the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 154 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Affiliated Managers Group in the 3rd quarter valued at $46,000. Prospera Private Wealth LLC acquired a new position in shares of Affiliated Managers Group in the third quarter worth about $47,000. Finally, Brooklyn Investment Group acquired a new position in shares of Affiliated Managers Group in the third quarter worth about $49,000. 95.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMG has been the subject of a number of research reports. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $193.00 to $191.00 in a research note on Monday, January 6th. TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Barrington Research lowered their target price on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Affiliated Managers Group has a consensus rating of “Hold” and an average price target of $195.40.

Affiliated Managers Group Stock Up 0.2 %

Shares of AMG stock opened at $187.38 on Wednesday. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 0.68 and a beta of 1.15. Affiliated Managers Group, Inc. has a 12-month low of $147.13 and a 12-month high of $199.52. The firm has a fifty day moving average of $185.47 and a 200-day moving average of $179.57.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The company had revenue of $525.20 million during the quarter, compared to the consensus estimate of $521.87 million. During the same quarter in the previous year, the business earned $4.08 EPS. Affiliated Managers Group’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts expect that Affiliated Managers Group, Inc. will post 20.9 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s payout ratio is 0.26%.

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.