Custom Index Systems LLC Has $914,000 Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Custom Index Systems LLC lessened its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,940 shares of the asset manager’s stock after selling 256 shares during the quarter. Custom Index Systems LLC’s holdings in Affiliated Managers Group were worth $914,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC increased its position in shares of Affiliated Managers Group by 10,522.8% during the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock worth $347,000 after buying an additional 188,568 shares during the period. Goodman Financial Corp acquired a new stake in Affiliated Managers Group during the 3rd quarter worth about $14,035,000. Barclays PLC grew its holdings in Affiliated Managers Group by 261.0% during the 3rd quarter. Barclays PLC now owns 76,488 shares of the asset manager’s stock worth $13,600,000 after acquiring an additional 55,302 shares during the period. Bank of Montreal Can raised its position in shares of Affiliated Managers Group by 328.2% in the 3rd quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager’s stock worth $12,420,000 after acquiring an additional 54,003 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Affiliated Managers Group by 70.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 100,072 shares of the asset manager’s stock valued at $17,793,000 after purchasing an additional 41,413 shares during the period. Institutional investors own 95.30% of the company’s stock.

Analyst Ratings Changes

AMG has been the subject of a number of research reports. 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. TD Cowen downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Barrington Research dropped their price target on 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. Finally, The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $195.40.

Affiliated Managers Group Stock Down 0.8 %

AMG stock opened at $188.20 on Friday. The firm has a market capitalization of $5.69 billion, a PE ratio of 12.28, a P/E/G ratio of 0.69 and a beta of 1.15. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52. The stock’s 50 day moving average is $185.72 and its 200-day moving average is $180.77.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share 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 the consensus estimate of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. Affiliated Managers Group’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $4.08 earnings per share. On average, equities research analysts anticipate that Affiliated Managers Group, Inc. will post 20.9 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders 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 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.26%.

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.