Schroder Investment Management Group Boosts Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Schroder Investment Management Group increased its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 383,937 shares of the asset manager’s stock after purchasing an additional 29,297 shares during the quarter. Schroder Investment Management Group owned about 0.68% of Affiliated Managers Group worth $63,353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its stake in Affiliated Managers Group by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 3,500 shares of the asset manager’s stock valued at $574,000 after acquiring an additional 100 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Affiliated Managers Group in the first quarter valued at approximately $104,000. Waldron LP bought a new position in Affiliated Managers Group in the first quarter valued at approximately $236,000. Profund Advisors LLC boosted its stake in Affiliated Managers Group by 5.6% in the first quarter. Profund Advisors LLC now owns 1,920 shares of the asset manager’s stock valued at $315,000 after acquiring an additional 102 shares during the last quarter. Finally, Strs Ohio boosted its stake in Affiliated Managers Group by 168.7% in the first quarter. Strs Ohio now owns 2,182 shares of the asset manager’s stock valued at $357,000 after acquiring an additional 1,370 shares during the last quarter. 96.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) traded up 0.73% during midday trading on Friday, hitting $179.87. 385,790 shares of the company were exchanged. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 19.93 and a beta of 1.66. The firm’s 50 day moving average price is $177.11 and its 200 day moving average price is $166.75. Affiliated Managers Group, Inc. has a one year low of $130.48 and a one year high of $187.08.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, July 31st. The asset manager reported $3.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.24 by $0.09. Affiliated Managers Group had a net margin of 22.99% and a return on equity of 17.45%. The firm had revenue of $570.90 million for the quarter, compared to the consensus estimate of $573.73 million. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.07 earnings per share. Analysts forecast that Affiliated Managers Group, Inc. will post $14.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were issued a $0.20 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. Affiliated Managers Group’s dividend payout ratio is currently 8.87%.

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A number of equities analysts have issued reports on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Affiliated Managers Group in a research note on Friday, August 18th. BidaskClub lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Citigroup Inc. lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $180.00 target price on the stock. in a report on Monday, June 5th. ValuEngine lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $195.50.

About Affiliated Managers Group

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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