Sapient Capital LLC Acquires New Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Sapient Capital LLC acquired a new stake in Affiliated Managers Group, Inc. (NYSE:AMG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,581 shares of the asset manager’s stock, valued at approximately $391,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Affiliated Managers Group by 1.2% during the third quarter. Vanguard Group Inc. now owns 3,791,126 shares of the asset manager’s stock valued at $424,037,000 after acquiring an additional 43,391 shares during the last quarter. Morgan Stanley raised its stake in shares of Affiliated Managers Group by 907.4% during the fourth quarter. Morgan Stanley now owns 2,772,941 shares of the asset manager’s stock valued at $439,317,000 after acquiring an additional 2,497,690 shares during the last quarter. State Street Corp raised its stake in shares of Affiliated Managers Group by 4.2% during the first quarter. State Street Corp now owns 1,352,135 shares of the asset manager’s stock valued at $190,583,000 after acquiring an additional 54,161 shares during the last quarter. Ariel Investments LLC raised its stake in shares of Affiliated Managers Group by 11.3% during the third quarter. Ariel Investments LLC now owns 1,188,146 shares of the asset manager’s stock valued at $154,863,000 after acquiring an additional 120,977 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Affiliated Managers Group by 4,914.7% during the first quarter. Envestnet Asset Management Inc. now owns 755,310 shares of the asset manager’s stock valued at $1,960,000 after acquiring an additional 740,248 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Down 2.4 %

Shares of NYSE AMG opened at $162.17 on Monday. Affiliated Managers Group, Inc. has a twelve month low of $120.22 and a twelve month high of $169.65. The firm has a fifty day simple moving average of $160.40 and a 200 day simple moving average of $146.32. The company has a market capitalization of $5.32 billion, a PE ratio of 9.35, a P/E/G ratio of 0.57 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMG) last announced 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 business had revenue of $502.70 million during 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%. Affiliated Managers Group’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $7.28 earnings per share. As a group, equities analysts expect that Affiliated Managers Group, Inc. will post 22.03 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMG. Barrington Research raised their price target on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. TD Cowen began coverage on shares of Affiliated Managers Group in a research note on Thursday, January 4th. They set an “outperform” rating and a $185.00 price target for the company.

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.