Moody Aldrich Partners LLC Makes New $2.03 Million Investment in Affiliated Managers Group, Inc. (NYSE:AMG)

Moody Aldrich Partners LLC bought a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,948 shares of the asset manager’s stock, valued at approximately $2,025,000.

A number of other hedge funds have also recently modified their holdings of the business. World Investment Advisors LLC purchased a new stake in shares of Affiliated Managers Group in the third quarter valued at approximately $2,592,000. Asset Management One Co. Ltd. lifted its holdings in Affiliated Managers Group by 94.3% during the third quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager’s stock worth $1,884,000 after buying an additional 5,142 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in shares of Affiliated Managers Group during the 3rd quarter valued at $543,000. Empirical Asset Management LLC lifted its holdings in shares of Affiliated Managers Group by 10,522.8% during the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after purchasing an additional 188,568 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of Affiliated Managers Group in the 3rd quarter valued at $2,130,000. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Up 2.0 %

Shares of Affiliated Managers Group stock opened at $189.42 on Wednesday. Affiliated Managers Group, Inc. has a 52-week low of $147.13 and a 52-week high of $199.52. The company’s 50-day simple moving average is $185.59 and its 200-day simple moving average is $180.52. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 0.68 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The business had revenue of $525.20 million during the quarter, compared to analysts’ expectations of $521.87 million. During the same period last year, the company earned $4.08 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Affiliated Managers Group, Inc. will post 20.9 EPS for the current year.

Affiliated Managers Group Announces Dividend

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

Wall Street Analysts Forecast Growth

AMG has been the topic of several research reports. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Barrington Research decreased their price target on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $226.00 to $177.00 in a 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 company currently has a consensus rating of “Hold” and a consensus target price of $195.40.

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.