Charles Carroll Financial Partners LLC Increases Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Charles Carroll Financial Partners LLC increased its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 62.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,150 shares of the asset manager’s stock after purchasing an additional 5,050 shares during the quarter. Affiliated Managers Group accounts for 2.1% of Charles Carroll Financial Partners LLC’s portfolio, making the stock its 16th largest position. Charles Carroll Financial Partners LLC’s holdings in Affiliated Managers Group were worth $1,991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sapient Capital LLC acquired a new stake in Affiliated Managers Group in the fourth quarter valued at $391,000. LSV Asset Management raised its holdings in Affiliated Managers Group by 10.9% in the fourth quarter. LSV Asset Management now owns 215,050 shares of the asset manager’s stock valued at $32,563,000 after acquiring an additional 21,074 shares in the last quarter. M&T Bank Corp raised its holdings in Affiliated Managers Group by 3.5% in the fourth quarter. M&T Bank Corp now owns 2,184 shares of the asset manager’s stock valued at $331,000 after acquiring an additional 74 shares in the last quarter. Natixis Advisors L.P. raised its holdings in Affiliated Managers Group by 6.3% in the fourth quarter. Natixis Advisors L.P. now owns 12,018 shares of the asset manager’s stock valued at $1,819,000 after acquiring an additional 711 shares in the last quarter. Finally, New York Life Investment Management LLC raised its holdings in Affiliated Managers Group by 3.5% in the fourth quarter. New York Life Investment Management LLC now owns 3,928 shares of the asset manager’s stock valued at $595,000 after acquiring an additional 131 shares in the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Affiliated Managers Group Stock Down 0.2 %

Shares of NYSE:AMG traded down $0.30 on Friday, reaching $160.35. 341,524 shares of the company’s stock were exchanged, compared to its average volume of 258,542. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.56 and a beta of 1.31. Affiliated Managers Group, Inc. has a fifty-two week low of $120.22 and a fifty-two week high of $169.65. The business’s 50-day moving average is $161.52 and its two-hundred day moving average is $149.40.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, February 5th. The asset manager reported $6.86 earnings per share for the quarter, topping analysts’ consensus estimates of $6.03 by $0.83. The company had revenue of $502.70 million for the quarter, compared to analysts’ expectations of $524.98 million. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The firm’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $7.28 earnings per share. Analysts predict that Affiliated Managers Group, Inc. will post 22.03 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company 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. The ex-dividend date was Wednesday, February 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is currently 0.23%.

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.