SG Americas Securities LLC Has $5.47 Million Position in Affiliated Managers Group, Inc. (NYSE:AMG)

SG Americas Securities LLC increased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 358.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 29,558 shares of the asset manager’s stock after purchasing an additional 23,111 shares during the period. SG Americas Securities LLC owned approximately 0.10% of Affiliated Managers Group worth $5,466,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cetera Trust Company N.A boosted its position in shares of Affiliated Managers Group by 25.9% in the fourth quarter. Cetera Trust Company N.A now owns 1,410 shares of the asset manager’s stock valued at $261,000 after acquiring an additional 290 shares during the period. Guinness Asset Management LTD boosted its holdings in Affiliated Managers Group by 65.7% in the 4th quarter. Guinness Asset Management LTD now owns 3,326 shares of the asset manager’s stock valued at $615,000 after purchasing an additional 1,319 shares during the period. UMB Bank n.a. grew its position in Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after purchasing an additional 69 shares during the last quarter. Empirical Asset Management LLC increased its holdings in shares of Affiliated Managers Group by 10,522.8% during the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock worth $347,000 after purchasing an additional 188,568 shares during the period. Finally, Ritholtz Wealth Management raised its position in shares of Affiliated Managers Group by 36.7% during the fourth quarter. Ritholtz Wealth Management now owns 1,878 shares of the asset manager’s stock valued at $347,000 after buying an additional 504 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

Shares of AMG stock opened at $186.60 on Friday. The stock’s fifty day simple moving average is $185.46 and its 200 day simple moving average is $179.89. Affiliated Managers Group, Inc. has a one year low of $147.13 and a one year high of $199.52. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 0.68 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results 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). The firm had revenue of $525.20 million during the quarter, compared to the consensus estimate of $521.87 million. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.08 EPS. On average, research analysts anticipate that Affiliated Managers Group, Inc. will post 20.9 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.