Affiliated Managers Group, Inc. (NYSE:AMG) Shares Bought by Guinness Asset Management LTD

Guinness Asset Management LTD grew its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 65.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,326 shares of the asset manager’s stock after acquiring an additional 1,319 shares during the quarter. Guinness Asset Management LTD’s holdings in Affiliated Managers Group were worth $615,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMG. Ensign Peak Advisors Inc grew its holdings in shares of Affiliated Managers Group by 0.6% in the second quarter. Ensign Peak Advisors Inc now owns 9,902 shares of the asset manager’s stock valued at $1,547,000 after purchasing an additional 60 shares during the period. UMB Bank n.a. grew its stake in shares of Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after buying an additional 69 shares during the period. Covestor Ltd increased its holdings in shares of Affiliated Managers Group by 21.4% during the 3rd quarter. Covestor Ltd now owns 471 shares of the asset manager’s stock worth $84,000 after buying an additional 83 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Affiliated Managers Group by 1.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,712 shares of the asset manager’s stock valued at $838,000 after buying an additional 90 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Affiliated Managers Group by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock valued at $164,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMG shares. TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, Barrington Research dropped their price target on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $195.40.

Affiliated Managers Group Stock Up 0.8 %

NYSE:AMG opened at $187.21 on Monday. Affiliated Managers Group, Inc. has a 52 week low of $147.13 and a 52 week high of $199.52. The company has a fifty day simple moving average of $185.37 and a two-hundred day simple moving average of $179.12. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 0.60 and a beta of 1.15.

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). The company had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.08 earnings per share. On average, analysts expect that Affiliated Managers Group, Inc. will post 20.9 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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

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.