Wedge Capital Management L L P NC Has $1.03 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Wedge Capital Management L L P NC grew its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 13.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,811 shares of the asset manager’s stock after purchasing an additional 810 shares during the period. Wedge Capital Management L L P NC’s holdings in Affiliated Managers Group were worth $1,031,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley boosted its stake in shares of Affiliated Managers Group by 1.7% in the 3rd quarter. Morgan Stanley now owns 2,474,577 shares of the asset manager’s stock valued at $322,537,000 after purchasing an additional 41,120 shares in the last quarter. Ariel Investments LLC boosted its stake in shares of 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 purchasing an additional 120,977 shares in the last quarter. LGT Capital Partners LTD. boosted its stake in shares of 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 purchasing an additional 86,670 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Affiliated Managers Group by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 347,027 shares of the asset manager’s stock valued at $45,231,000 after buying an additional 2,824 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Affiliated Managers Group by 65.7% in the third quarter. Invesco Ltd. now owns 263,664 shares of the asset manager’s stock valued at $34,366,000 after buying an additional 104,507 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Trading Down 1.5 %

Shares of NYSE:AMG opened at $159.58 on Friday. The stock has a market capitalization of $5.18 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.56 and a beta of 1.31. Affiliated Managers Group, Inc. has a 1-year low of $120.22 and a 1-year high of $169.65. The business has a 50-day moving average price of $161.19 and a two-hundred day moving average price of $147.91.

Affiliated Managers Group (NYSE:AMG) last announced 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. The firm had revenue of $502.70 million during the quarter, compared to analysts’ expectations of $524.98 million. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $7.28 EPS. As a group, equities analysts predict that Affiliated Managers Group, Inc. will post 22.03 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.03%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.23%.

Analyst Upgrades and Downgrades

AMG has been the subject of a number of research analyst reports. TD Cowen initiated coverage on Affiliated Managers Group in a report on Thursday, January 4th. They issued an “outperform” rating and a $185.00 price target for the company. Barrington Research lifted their price target on Affiliated Managers Group from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th.

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.