Xponance Inc. Has $654,000 Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Xponance Inc. reduced its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,320 shares of the asset manager’s stock after selling 177 shares during the quarter. Xponance Inc.’s holdings in Affiliated Managers Group were worth $654,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quent Capital LLC lifted its stake in Affiliated Managers Group by 5.4% in the fourth quarter. Quent Capital LLC now owns 1,354 shares of the asset manager’s stock valued at $205,000 after acquiring an additional 69 shares during the last quarter. Blue Trust Inc. lifted its stake in Affiliated Managers Group by 17.1% in the fourth quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock valued at $93,000 after acquiring an additional 90 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Affiliated Managers Group by 1.7% in the third quarter. PNC Financial Services Group Inc. now owns 7,719 shares of the asset manager’s stock valued at $1,006,000 after acquiring an additional 132 shares during the last quarter. Nilsine Partners LLC lifted its stake in Affiliated Managers Group by 8.0% in the third quarter. Nilsine Partners LLC now owns 1,793 shares of the asset manager’s stock valued at $234,000 after acquiring an additional 133 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Affiliated Managers Group by 1.4% in the third quarter. Arizona State Retirement System now owns 10,279 shares of the asset manager’s stock valued at $1,340,000 after acquiring an additional 139 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMG has been the subject of a number of analyst reports. Barrington Research lifted their target price on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. TD Cowen initiated coverage on shares of Affiliated Managers Group in a research note on Thursday, January 4th. They issued an “outperform” rating and a $185.00 price objective for the company.

Affiliated Managers Group Trading Up 0.3 %

Shares of Affiliated Managers Group stock opened at $160.10 on Friday. The firm has a fifty day simple moving average of $161.25 and a 200-day simple moving average of $147.99. Affiliated Managers Group, Inc. has a 1-year low of $120.22 and a 1-year high of $169.65. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.57 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, February 5th. The asset manager reported $6.86 earnings per share for the quarter, topping analysts’ consensus estimates of $6.03 by $0.83. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The business had revenue of $502.70 million during the quarter, compared to analysts’ expectations of $524.98 million. During the same period in the previous year, the company earned $7.28 earnings per share. Affiliated Managers Group’s revenue for the quarter was down 6.8% on a year-over-year basis. As a group, research analysts predict that Affiliated Managers Group, Inc. will post 22.03 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Wednesday, February 14th. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.23%.

Affiliated Managers Group 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.