SG Americas Securities LLC Has $282,000 Stake in Affiliated Managers Group, Inc. (NYSE:AMG)

SG Americas Securities LLC reduced its holdings in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 94.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,677 shares of the asset manager's stock after selling 27,881 shares during the period. SG Americas Securities LLC's holdings in Affiliated Managers Group were worth $282,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Affiliated Managers Group by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager's stock valued at $593,935,000 after acquiring an additional 31,343 shares during the last quarter. Boston Partners grew its stake in shares of Affiliated Managers Group by 46.1% during the fourth quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock worth $218,975,000 after purchasing an additional 373,696 shares during the period. Channing Capital Management LLC grew 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 during the period. LSV Asset Management increased its holdings in Affiliated Managers Group by 79.1% in the fourth quarter. LSV Asset Management now owns 423,994 shares of the asset manager's stock valued at $78,405,000 after purchasing an additional 187,290 shares during the last quarter. Finally, Norges Bank acquired a new position in Affiliated Managers Group in the fourth quarter valued at about $68,683,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMG has been the subject of several analyst reports. Cowen restated a "hold" rating on shares of Affiliated Managers Group in a research report on Wednesday, May 14th. Barrington Research reduced their price objective on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Wall Street Zen upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Bank of America lowered their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, TD Cowen reduced their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Affiliated Managers Group has an average rating of "Hold" and an average price target of $192.40.

Affiliated Managers Group Price Performance

NYSE:AMG opened at $192.10 on Friday. The business's 50-day simple moving average is $176.76 and its 200-day simple moving average is $174.74. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52. The stock has a market capitalization of $5.46 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its earnings results on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, topping the consensus estimate of $5.10 by $0.10. The firm had revenue of $496.60 million for the quarter, compared to the consensus estimate of $508.00 million. Affiliated Managers Group had a net margin of 21.31% and a return on equity of 15.91%. During the same period last year, the company posted $5.37 EPS. On average, research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $0.01 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group's dividend payout ratio is currently 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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