Sapient Capital LLC Makes New $391,000 Investment in Affiliated Managers Group, Inc. (NYSE:AMG)

Sapient Capital LLC purchased a new stake in Affiliated Managers Group, Inc. (NYSE:AMG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,581 shares of the asset manager’s stock, valued at approximately $391,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quent Capital LLC increased its stake in shares of Affiliated Managers Group by 5.4% in the 4th 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. Lindbrook Capital LLC grew its position in shares of Affiliated Managers Group by 80.0% in the 4th quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 72 shares during the period. M&T Bank Corp grew its position in shares of Affiliated Managers Group by 3.5% in the 4th quarter. M&T Bank Corp now owns 2,184 shares of the asset manager’s stock valued at $331,000 after purchasing an additional 74 shares during the period. Blue Trust Inc. grew its position in shares of Affiliated Managers Group by 17.1% in the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock valued at $93,000 after purchasing an additional 90 shares during the period. Finally, Greenleaf Trust grew its position in shares of Affiliated Managers Group by 6.7% in the 4th quarter. Greenleaf Trust now owns 1,822 shares of the asset manager’s stock valued at $276,000 after purchasing an additional 115 shares during the period. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Stock Down 0.2 %

Shares of AMG opened at $160.35 on Monday. Affiliated Managers Group, Inc. has a twelve month low of $120.22 and a twelve month high of $169.65. The company has a 50 day moving average of $161.52 and a 200-day moving average of $149.55. The stock has a market capitalization of $5.20 billion, a P/E 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 earnings results on Monday, February 5th. The asset manager reported $6.86 earnings per share 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 during the quarter, compared to analysts’ expectations of $524.98 million. During the same period last year, the business earned $7.28 earnings per share. The firm’s revenue was down 6.8% on a year-over-year basis. On average, sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 22.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.