TFO Wealth Partners LLC Boosts Stake in Affiliated Managers Group, Inc. (NYSE:AMG)

TFO Wealth Partners LLC increased its position in Affiliated Managers Group, Inc. (NYSE:AMGFree Report) by 114,750.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,297 shares of the asset manager’s stock after buying an additional 2,295 shares during the period. TFO Wealth Partners LLC’s holdings in Affiliated Managers Group were worth $3,480,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Morgan Stanley raised its position in Affiliated Managers Group by 1.7% during the third quarter. Morgan Stanley now owns 2,474,577 shares of the asset manager’s stock valued at $322,537,000 after purchasing an additional 41,120 shares during the period. Charles Carroll Financial Partners LLC raised its position in Affiliated Managers Group by 62.3% during the fourth quarter. Charles Carroll Financial Partners LLC now owns 13,150 shares of the asset manager’s stock valued at $1,991,000 after purchasing an additional 5,050 shares during the period. LGT Capital Partners LTD. raised its position in Affiliated Managers Group by 28.3% during the fourth quarter. LGT Capital Partners LTD. now owns 393,330 shares of the asset manager’s stock valued at $59,558,000 after purchasing an additional 86,670 shares during the period. SG Americas Securities LLC raised its position in Affiliated Managers Group by 72.3% during the fourth quarter. SG Americas Securities LLC now owns 15,256 shares of the asset manager’s stock valued at $2,310,000 after purchasing an additional 6,402 shares during the period. Finally, New York State Common Retirement Fund raised its position in Affiliated Managers Group by 342.1% during the fourth quarter. New York State Common Retirement Fund now owns 161,375 shares of the asset manager’s stock valued at $24,435,000 after purchasing an additional 124,871 shares during the period. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMG has been the topic of a number of recent research reports. TD Cowen decreased their price objective on Affiliated Managers Group from $218.00 to $198.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Barrington Research reaffirmed an “outperform” rating and set a $190.00 target price on shares of Affiliated Managers Group in a research note on Tuesday, May 7th.

Get Our Latest Research Report on Affiliated Managers Group

Affiliated Managers Group Stock Up 1.3 %

NYSE:AMG traded up $2.12 during midday trading on Thursday, hitting $160.57. The stock had a trading volume of 182,526 shares, compared to its average volume of 243,399. Affiliated Managers Group, Inc. has a one year low of $120.22 and a one year high of $169.65. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.52 and a beta of 1.31. The stock has a 50-day moving average of $161.23 and a 200 day moving average of $153.50.

Affiliated Managers Group (NYSE:AMGGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The asset manager reported $5.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.21 by $0.16. Affiliated Managers Group had a return on equity of 16.66% and a net margin of 33.74%. The company had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $524.53 million. During the same quarter in the prior year, the firm earned $4.18 earnings per share. On average, sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 21.72 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.22%.

Affiliated Managers Group Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding AMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Affiliated Managers Group, Inc. (NYSE:AMGFree Report).

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

Receive News & Ratings for Affiliated Managers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group and related companies with MarketBeat.com's FREE daily email newsletter.