Bruni J V & Co. Co. Sells 2,007 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Bruni J V & Co. Co. cut its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 312,268 shares of the asset manager’s stock after selling 2,007 shares during the quarter. Affiliated Managers Group comprises approximately 5.9% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 5th biggest position. Bruni J V & Co. Co. owned about 0.92% of Affiliated Managers Group worth $47,284,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AMG. Quent Capital LLC raised its holdings in Affiliated Managers Group by 5.4% in the 4th quarter. Quent Capital LLC now owns 1,354 shares of the asset manager’s stock valued at $205,000 after buying an additional 69 shares during the period. Lindbrook Capital LLC boosted its position in shares of Affiliated Managers Group by 80.0% during the 4th quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock worth $25,000 after purchasing an additional 72 shares during the period. Blue Trust Inc. increased its holdings in Affiliated Managers Group by 17.1% in the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock valued at $93,000 after purchasing an additional 90 shares during the last quarter. Greenleaf Trust raised its position in Affiliated Managers Group by 6.7% in the fourth quarter. Greenleaf Trust now owns 1,822 shares of the asset manager’s stock valued at $276,000 after purchasing an additional 115 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Affiliated Managers Group by 1.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,719 shares of the asset manager’s stock worth $1,006,000 after acquiring an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barrington Research lifted their price objective on Affiliated Managers Group from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. TD Cowen started coverage on shares of Affiliated Managers Group in a research note on Thursday, January 4th. They issued an “outperform” rating and a $185.00 price target for the company.

Affiliated Managers Group Trading Up 0.4 %

AMG stock traded up $0.62 during trading on Friday, hitting $160.20. 134,487 shares of the company’s stock were exchanged, compared to its average volume of 244,682. The business has a 50-day moving average price of $161.31 and a two-hundred day moving average price of $148.20. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.56 and a beta of 1.31. Affiliated Managers Group, Inc. has a 52-week low of $120.22 and a 52-week high of $169.65.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, February 5th. The asset manager reported $6.86 earnings per share for the quarter, topping the consensus estimate of $6.03 by $0.83. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The business had revenue of $502.70 million during the quarter, compared to the consensus estimate of $524.98 million. During the same quarter in the previous year, the firm earned $7.28 EPS. The company’s revenue was down 6.8% compared to the same quarter last year. On average, equities research analysts anticipate that Affiliated Managers Group, Inc. will post 22.03 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a $0.01 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is presently 0.23%.

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.