Affiliated Managers Group, Inc. (NYSE:AMG) is Bruni J V & Co. Co.’s 5th Largest Position

Bruni J V & Co. Co. trimmed its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 312,268 shares of the asset manager’s stock after selling 2,007 shares during the period. Affiliated Managers Group makes up about 5.9% of Bruni J V & Co. Co.’s holdings, making the stock its 5th biggest position. Bruni J V & Co. Co.’s holdings in Affiliated Managers Group were worth $47,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AMG. Lindbrook Capital LLC increased its position in Affiliated Managers Group by 80.0% during the fourth quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock worth $25,000 after acquiring an additional 72 shares during the period. GAMMA Investing LLC bought a new position in shares of Affiliated Managers Group during the 4th quarter worth about $62,000. Blue Trust Inc. lifted its stake in shares of Affiliated Managers Group by 17.1% in the fourth quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock valued at $93,000 after buying an additional 90 shares during the period. Signaturefd LLC raised 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 valued at $132,000 after acquiring an additional 430 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Affiliated Managers Group in the 4th quarter worth approximately $204,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Up 0.4 %

NYSE:AMG traded up $0.62 during mid-day trading on Friday, reaching $160.20. 134,487 shares of the company were exchanged, compared to its average volume of 244,682. Affiliated Managers Group, Inc. has a 12 month low of $120.22 and a 12 month high of $169.65. The company has a fifty day moving average of $161.31 and a 200 day moving average of $148.20. The stock has a market cap of $5.20 billion, a PE ratio of 9.23, a PEG ratio of 0.56 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMG) last released its earnings results 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 company had revenue of $502.70 million for the quarter, compared to the consensus estimate of $524.98 million. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The company’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $7.28 EPS. On average, equities research analysts anticipate that Affiliated Managers Group, Inc. will post 22.03 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Wednesday, February 14th. Affiliated Managers Group’s dividend payout ratio is currently 0.23%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMG shares. Barrington Research boosted their price objective on Affiliated Managers Group from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. TD Cowen initiated coverage on Affiliated Managers Group in a report on Thursday, January 4th. They issued an “outperform” rating and a $185.00 target price for the company.

About Affiliated Managers Group

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.