11,550 Shares in Affiliated Managers Group, Inc. (NYSE:AMG) Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,550 shares of the asset manager’s stock, valued at approximately $2,136,000.

A number of other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. increased its stake 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 in the last quarter. Covestor Ltd grew its stake in Affiliated Managers Group by 21.4% during the 3rd quarter. Covestor Ltd now owns 471 shares of the asset manager’s stock valued at $84,000 after acquiring an additional 83 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Affiliated Managers Group by 1.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,712 shares of the asset manager’s stock valued at $838,000 after acquiring an additional 90 shares in the last quarter. GAMMA Investing LLC grew its stake in Affiliated Managers Group by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock valued at $164,000 after acquiring an additional 94 shares in the last quarter. Finally, Foundry Partners LLC grew its stake in Affiliated Managers Group by 3.0% during the 3rd quarter. Foundry Partners LLC now owns 3,781 shares of the asset manager’s stock valued at $672,000 after acquiring an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Up 0.1 %

Shares of AMG opened at $182.63 on Friday. Affiliated Managers Group, Inc. has a 12-month low of $147.13 and a 12-month high of $199.52. The firm has a market capitalization of $5.52 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.69 and a beta of 1.15. The stock’s fifty day simple moving average is $185.22 and its 200-day simple moving average is $181.11.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. Analysts anticipate that Affiliated Managers Group, Inc. will post 20.9 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on AMG. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a report on Monday, November 11th. Barrington Research lifted their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday. Finally, TD Cowen lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $226.00 to $177.00 in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Affiliated Managers Group presently has a consensus rating of “Hold” and a consensus price target of $198.40.

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.