Legacy Wealth Asset Management LLC Has $736,000 Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Legacy Wealth Asset Management LLC lowered its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,982 shares of the asset manager’s stock after selling 78 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Affiliated Managers Group were worth $736,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AMG. Ashton Thomas Securities LLC acquired a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at about $30,000. Altshuler Shaham Ltd acquired a new stake in shares of Affiliated Managers Group in the second quarter valued at about $28,000. UMB Bank n.a. increased its position in shares of Affiliated Managers Group by 481.3% in the third quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 154 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Affiliated Managers Group in the third quarter valued at about $46,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Affiliated Managers Group in the third quarter valued at about $47,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Stock Up 0.8 %

Shares of NYSE:AMG opened at $187.21 on Friday. Affiliated Managers Group, Inc. has a 12-month low of $147.13 and a 12-month high of $199.52. The stock has a market cap of $5.66 billion, a PE ratio of 12.21, a P/E/G ratio of 0.60 and a beta of 1.15. The business has a 50 day moving average of $185.37 and a 200-day moving average of $178.82.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing the consensus estimate of $4.84 by ($0.02). The firm had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.08 earnings per share. Equities research analysts expect that Affiliated Managers Group, Inc. will post 20.9 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently commented on AMG. Barrington Research reduced their price target on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Finally, TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.