Charles Carroll Financial Partners LLC Has $1.99 Million Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Charles Carroll Financial Partners LLC increased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 62.3% during the 4th quarter, HoldingsChannel reports. The firm owned 13,150 shares of the asset manager’s stock after purchasing an additional 5,050 shares during the period. Affiliated Managers Group comprises approximately 2.1% of Charles Carroll Financial Partners LLC’s holdings, making the stock its 16th largest holding. Charles Carroll Financial Partners LLC’s holdings in Affiliated Managers Group were worth $1,991,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund lifted its stake in Affiliated Managers Group by 342.1% in the 4th quarter. New York State Common Retirement Fund now owns 161,375 shares of the asset manager’s stock valued at $24,435,000 after acquiring an additional 124,871 shares in the last quarter. Ariel Investments LLC lifted its stake in Affiliated Managers Group by 11.3% in the 3rd quarter. Ariel Investments LLC now owns 1,188,146 shares of the asset manager’s stock valued at $154,863,000 after acquiring an additional 120,977 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Affiliated Managers Group by 294.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 148,243 shares of the asset manager’s stock valued at $22,447,000 after acquiring an additional 110,646 shares in the last quarter. Invesco Ltd. lifted its stake in Affiliated Managers Group by 65.7% in the 3rd quarter. Invesco Ltd. now owns 263,664 shares of the asset manager’s stock valued at $34,366,000 after acquiring an additional 104,507 shares in the last quarter. Finally, LGT Capital Partners LTD. lifted its stake in Affiliated Managers Group by 28.3% in the 4th quarter. LGT Capital Partners LTD. now owns 393,330 shares of the asset manager’s stock valued at $59,558,000 after acquiring an additional 86,670 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research boosted their target price 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.

Affiliated Managers Group Trading Down 0.2 %

Shares of Affiliated Managers Group stock traded down $0.30 on Friday, reaching $160.35. 341,524 shares of the company were exchanged, compared to its average volume of 258,542. Affiliated Managers Group, Inc. has a one year low of $120.22 and a one year high of $169.65. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.56 and a beta of 1.31. The company has a 50-day moving average of $161.52 and a 200 day moving average of $149.40.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, February 5th. The asset manager reported $6.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.83. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. The company had revenue of $502.70 million for the quarter, compared to analysts’ expectations of $524.98 million. During the same quarter in the prior year, the business posted $7.28 EPS. The business’s revenue was down 6.8% compared to the same quarter last year. Analysts predict that Affiliated Managers Group, Inc. will post 22.03 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

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

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.