Affiliated Managers Group, Inc. (NYSE:AMG) Stake Boosted by LSV Asset Management

LSV Asset Management grew its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 10.9% during the 4th quarter, HoldingsChannel reports. The fund owned 215,050 shares of the asset manager’s stock after acquiring an additional 21,074 shares during the period. LSV Asset Management’s holdings in Affiliated Managers Group were worth $32,563,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AMG. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Affiliated Managers Group by 13.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,840 shares of the asset manager’s stock worth $892,000 after acquiring an additional 816 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Affiliated Managers Group by 18.2% during the third quarter. Mackenzie Financial Corp now owns 6,510 shares of the asset manager’s stock valued at $827,000 after buying an additional 1,003 shares during the last quarter. North Star Asset Management Inc. raised its position in shares of Affiliated Managers Group by 0.9% during the third quarter. North Star Asset Management Inc. now owns 97,254 shares of the asset manager’s stock valued at $12,676,000 after buying an additional 861 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Affiliated Managers Group by 379.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 27,058 shares of the asset manager’s stock valued at $3,527,000 after buying an additional 21,414 shares during the last quarter. Finally, Citadel Investment Advisory Inc. acquired a new position in shares of Affiliated Managers Group during the third quarter valued at about $787,000. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Affiliated Managers Group Trading Down 0.2 %

Shares of Affiliated Managers Group stock opened at $160.35 on Monday. Affiliated Managers Group, Inc. has a 1-year low of $120.22 and a 1-year high of $169.65. The firm’s 50-day moving average price is $161.52 and its two-hundred day moving average price is $149.55. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 0.56 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, February 5th. The asset manager reported $6.86 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $524.98 million. During the same period in the prior year, the firm earned $7.28 earnings per share. Affiliated Managers Group’s revenue was down 6.8% compared to the same quarter last year. As a group, equities research analysts predict that Affiliated Managers Group, Inc. will post 22.03 EPS for the current year.

Analyst Ratings Changes

Separately, Barrington Research increased their price target on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th.

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.