Affiliated Managers Group, Inc. (NYSE:AMG) Shares Purchased by CWC Advisors LLC.

CWC Advisors LLC. boosted its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 47.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,023 shares of the asset manager's stock after acquiring an additional 5,190 shares during the quarter. Affiliated Managers Group accounts for 1.5% of CWC Advisors LLC.'s investment portfolio, making the stock its 21st biggest position. CWC Advisors LLC. owned 0.06% of Affiliated Managers Group worth $2,692,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMG. Farther Finance Advisors LLC lifted its stake in shares of Affiliated Managers Group by 785.2% during the first quarter. Farther Finance Advisors LLC now owns 1,859 shares of the asset manager's stock worth $315,000 after purchasing an additional 1,649 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Affiliated Managers Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock worth $61,228,000 after purchasing an additional 2,264 shares in the last quarter. Dodge & Cox acquired a new position in shares of Affiliated Managers Group during the fourth quarter worth about $1,202,000. Victory Capital Management Inc. lifted its stake in shares of Affiliated Managers Group by 4.8% during the fourth quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager's stock worth $21,937,000 after purchasing an additional 5,436 shares in the last quarter. Finally, Channing Capital Management LLC lifted its stake in shares of Affiliated Managers Group by 5.5% during the fourth quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock worth $95,156,000 after purchasing an additional 26,654 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Wall Street Analysts Forecast Growth

AMG has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded Affiliated Managers Group from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $197.00 to $218.00 in a research note on Friday. Wall Street Zen cut Affiliated Managers Group from a "buy" rating to a "hold" rating in a research note on Friday. TD Cowen cut their price target on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Bank of America cut their price target on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Cowen reiterated a "hold" rating on shares of Affiliated Managers Group in a research note on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $197.80.

Affiliated Managers Group Stock Up 2.8%

Shares of Affiliated Managers Group stock opened at $197.61 on Friday. The firm has a market cap of $5.62 billion, a P/E ratio of 15.02, a P/E/G ratio of 0.65 and a beta of 1.08. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52. The business has a 50-day moving average price of $177.59 and a 200 day moving average price of $174.82.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its earnings results on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, beating the consensus estimate of $5.10 by $0.10. The company had revenue of $496.60 million during the quarter, compared to analyst estimates of $508.00 million. Affiliated Managers Group had a return on equity of 15.91% and a net margin of 21.31%. During the same period in the prior year, the company earned $5.37 earnings per share. As a group, equities research analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Monday, May 19th. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.30%.

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.

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