RMB Capital Management LLC Has $1.39 Million Position in Affiliated Managers Group, Inc. (AMG)

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RMB Capital Management LLC boosted its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 51.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,261 shares of the asset manager’s stock after purchasing an additional 4,820 shares during the quarter. RMB Capital Management LLC’s holdings in Affiliated Managers Group were worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AMG. BlackRock Inc. increased its stake in Affiliated Managers Group by 0.3% during the fourth quarter. BlackRock Inc. now owns 3,445,712 shares of the asset manager’s stock worth $335,747,000 after acquiring an additional 9,189 shares during the last quarter. Lyrical Asset Management LP increased its stake in Affiliated Managers Group by 1.1% during the third quarter. Lyrical Asset Management LP now owns 1,272,609 shares of the asset manager’s stock worth $173,991,000 after acquiring an additional 13,536 shares during the last quarter. Schroder Investment Management Group increased its stake in Affiliated Managers Group by 8.1% during the third quarter. Schroder Investment Management Group now owns 957,620 shares of the asset manager’s stock worth $130,926,000 after acquiring an additional 72,162 shares during the last quarter. Ceredex Value Advisors LLC increased its stake in Affiliated Managers Group by 30.5% during the fourth quarter. Ceredex Value Advisors LLC now owns 858,500 shares of the asset manager’s stock worth $83,652,000 after acquiring an additional 200,450 shares during the last quarter. Finally, Kiltearn Partners LLP acquired a new stake in Affiliated Managers Group during the fourth quarter worth about $81,521,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

AMG stock opened at $109.35 on Monday. The company has a quick ratio of 1.29, a current ratio of 0.71 and a debt-to-equity ratio of 0.25. Affiliated Managers Group, Inc. has a 1 year low of $88.46 and a 1 year high of $194.90. The stock has a market capitalization of $5.69 billion, a PE ratio of 7.54, a P/E/G ratio of 0.66 and a beta of 1.49.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, February 4th. The asset manager reported $3.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.02. Affiliated Managers Group had a return on equity of 18.11% and a net margin of 10.24%. The business had revenue of $564.40 million during the quarter, compared to analyst estimates of $568.99 million. During the same quarter last year, the firm earned $4.68 earnings per share. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities analysts predict that Affiliated Managers Group, Inc. will post 14.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 14th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, February 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.17%. This is a positive change from Affiliated Managers Group’s previous quarterly dividend of $0.30. Affiliated Managers Group’s dividend payout ratio (DPR) is 8.83%.

In other news, Director Tracy P. Palandjian sold 1,694 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $110.64, for a total value of $187,424.16. Following the completion of the sale, the director now owns 4,291 shares in the company, valued at $474,756.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by company insiders.

AMG has been the subject of several research analyst reports. Credit Suisse Group dropped their price target on Affiliated Managers Group from $162.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, January 14th. Barrington Research restated a “buy” rating and set a $135.00 price target on shares of Affiliated Managers Group in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Citigroup lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating in a research note on Monday, January 14th. Bank of America restated a “buy” rating and set a $130.00 price target (down from $155.00) on shares of Affiliated Managers Group in a research note on Thursday, December 6th. Finally, Deutsche Bank lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $158.00 to $106.00 in a research note on Thursday, January 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $132.12.

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Affiliated Managers Group Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

Further Reading: Return On Assets

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

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