Congress Wealth Management LLC DE Has $242,000 Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Congress Wealth Management LLC DE decreased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 64.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,307 shares of the asset manager’s stock after selling 2,345 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Affiliated Managers Group were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of Affiliated Managers Group by 79.5% during the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Private Trust Co. NA boosted its position in Affiliated Managers Group by 131.9% during the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock worth $40,000 after buying an additional 124 shares during the period. UMB Bank n.a. grew its holdings in Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after acquiring an additional 69 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Affiliated Managers Group in the 3rd quarter valued at approximately $46,000. Finally, Brooklyn Investment Group bought a new position in shares of Affiliated Managers Group during the third quarter valued at $49,000. Institutional investors own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

AMG has been the topic of several analyst reports. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Barrington Research raised their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $198.40.

Affiliated Managers Group Stock Performance

Shares of AMG opened at $167.44 on Friday. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $172.65 and its two-hundred day simple moving average is $180.29. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52. The stock has a market capitalization of $4.90 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, beating the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. As a group, analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.01 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is currently 0.26%.

Affiliated Managers Group Company 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.