Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 68.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 826 shares of the asset manager’s stock after purchasing an additional 336 shares during the quarter. TD Private Client Wealth LLC’s holdings in Affiliated Managers Group were worth $147,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AMG. Blue Trust Inc. grew its position in shares of Affiliated Managers Group by 107.8% in the 2nd quarter. Blue Trust Inc. now owns 962 shares of the asset manager’s stock valued at $161,000 after buying an additional 499 shares during the last quarter. Raymond James & Associates grew its position in shares of Affiliated Managers Group by 9.6% in the 2nd quarter. Raymond James & Associates now owns 234,647 shares of the asset manager’s stock valued at $36,659,000 after buying an additional 20,514 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Affiliated Managers Group by 1.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,124 shares of the asset manager’s stock valued at $1,269,000 after buying an additional 150 shares during the last quarter. Summit Global Investments purchased a new position in shares of Affiliated Managers Group in the 2nd quarter valued at $618,000. Finally, Lecap Asset Management Ltd. grew its position in shares of Affiliated Managers Group by 44.7% in the 2nd quarter. Lecap Asset Management Ltd. now owns 7,651 shares of the asset manager’s stock valued at $1,195,000 after buying an additional 2,364 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on AMG shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, November 11th. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Finally, Barrington Research lowered their price objective on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $196.50.

Affiliated Managers Group Stock Performance

Shares of Affiliated Managers Group stock opened at $186.59 on Monday. Affiliated Managers Group, Inc. has a 1 year low of $145.36 and a 1 year high of $199.52. The company has a market capitalization of $5.64 billion, a P/E ratio of 12.17, a PEG ratio of 0.69 and a beta of 1.15. The company’s fifty day moving average is $187.62 and its two-hundred day moving average is $174.21.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The firm had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. During the same quarter last year, the business posted $4.08 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. As a group, equities analysts expect that Affiliated Managers Group, Inc. will post 20.91 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Thursday, November 14th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.26%.

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.