LSV Asset Management Buys 21,074 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

LSV Asset Management increased its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 215,050 shares of the asset manager's stock after purchasing an additional 21,074 shares during the quarter. LSV Asset Management owned approximately 0.64% of Affiliated Managers Group worth $32,563,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its holdings in Affiliated Managers Group by 80.0% in the 4th quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager's stock worth $25,000 after purchasing an additional 72 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Affiliated Managers Group in the 4th quarter worth approximately $62,000. Blue Trust Inc. lifted its holdings in Affiliated Managers Group by 17.1% in the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager's stock worth $93,000 after purchasing an additional 90 shares during the last quarter. Signaturefd LLC lifted its holdings in Affiliated Managers Group by 97.1% in the 4th quarter. Signaturefd LLC now owns 873 shares of the asset manager's stock worth $132,000 after purchasing an additional 430 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in Affiliated Managers Group in the 4th quarter worth approximately $204,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barrington Research upped their price target on Affiliated Managers Group from $175.00 to $190.00 and gave the stock an "outperform" rating in a report on Tuesday, April 9th.

Affiliated Managers Group Stock Down 1.9 %

Shares of AMG stock traded down $3.12 during trading hours on Monday, reaching $157.23. 1,095,639 shares of the company's stock were exchanged, compared to its average volume of 244,141. Affiliated Managers Group, Inc. has a fifty-two week low of $120.22 and a fifty-two week high of $169.65. The stock has a market capitalization of $5.10 billion, a P/E ratio of 9.06, a P/E/G ratio of 0.56 and a beta of 1.31. The business has a fifty day moving average price of $161.53 and a 200-day moving average price of $149.78.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The asset manager reported $6.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.03 by $0.83. The business had revenue of $502.70 million for the quarter, compared to analysts' expectations of $524.98 million. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. Affiliated Managers Group's quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $7.28 earnings per share. As a group, research analysts expect that Affiliated Managers Group, Inc. will post 22.03 EPS for the current fiscal year.

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.