Cadent Capital Advisors LLC Sells 146 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Cadent Capital Advisors LLC decreased its position in Affiliated Managers Group, Inc. (NYSE:AMGFree Report) by 7.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,767 shares of the asset manager’s stock after selling 146 shares during the period. Cadent Capital Advisors LLC’s holdings in Affiliated Managers Group were worth $296,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Corient Private Wealth LLC grew its holdings in shares of Affiliated Managers Group by 98.8% in the fourth quarter. Corient Private Wealth LLC now owns 9,551 shares of the asset manager’s stock worth $1,446,000 after purchasing an additional 4,747 shares during the last quarter. Bridgewater Associates LP grew its holdings in shares of Affiliated Managers Group by 24.9% in the fourth quarter. Bridgewater Associates LP now owns 127,360 shares of the asset manager’s stock worth $19,285,000 after purchasing an additional 25,365 shares during the last quarter. Morgan Stanley grew its holdings in shares of Affiliated Managers Group by 1.7% in the third quarter. Morgan Stanley now owns 2,474,577 shares of the asset manager’s stock worth $322,537,000 after purchasing an additional 41,120 shares during the last quarter. Charles Carroll Financial Partners LLC grew its holdings in shares of Affiliated Managers Group by 62.3% in the fourth quarter. Charles Carroll Financial Partners LLC now owns 13,150 shares of the asset manager’s stock worth $1,991,000 after purchasing an additional 5,050 shares during the last quarter. Finally, Seven Eight Capital LP bought a new stake in Affiliated Managers Group in the fourth quarter valued at $1,037,000. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Up 1.1 %

Shares of AMG stock traded up $1.74 during mid-day trading on Friday, reaching $156.93. 1,281,629 shares of the company’s stock traded hands, compared to its average volume of 248,153. Affiliated Managers Group, Inc. has a 12 month low of $120.22 and a 12 month high of $169.65. The company has a market cap of $5.00 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.51 and a beta of 1.24. The company’s 50-day moving average price is $157.93 and its 200-day moving average price is $155.93.

Affiliated Managers Group (NYSE:AMGGet Free Report) last announced its earnings results on Monday, May 6th. The asset manager reported $5.37 EPS for the quarter, beating analysts’ consensus estimates of $5.21 by $0.16. Affiliated Managers Group had a net margin of 33.74% and a return on equity of 16.66%. The firm had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $524.53 million. During the same quarter in the previous year, the business posted $4.18 EPS. Equities analysts predict that Affiliated Managers Group, Inc. will post 21.72 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Wednesday, May 15th. Affiliated Managers Group’s dividend payout ratio is presently 0.22%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMG. TD Cowen cut their price target on shares of Affiliated Managers Group from $218.00 to $198.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Barrington Research reiterated an “outperform” rating and issued a $190.00 price target on shares of Affiliated Managers Group in a report on Tuesday, May 7th.

Read Our Latest Stock Analysis on AMG

Affiliated Managers Group 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.

See Also

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

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