Illinois Municipal Retirement Fund Has $3.92 Million Stake in Affiliated Managers Group, Inc. $AMG

Illinois Municipal Retirement Fund cut its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMGFree Report) by 10.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,454 shares of the asset manager’s stock after selling 1,980 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Affiliated Managers Group were worth $3,923,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Affiliated Managers Group by 428.0% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 132 shares of the asset manager’s stock worth $26,000 after acquiring an additional 107 shares during the period. Root Financial Partners LLC acquired a new position in shares of Affiliated Managers Group in the 3rd quarter worth approximately $33,000. Meeder Asset Management Inc. bought a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at $34,000. Hantz Financial Services Inc. boosted its stake in shares of Affiliated Managers Group by 189.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 142 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 93 shares during the last quarter. Finally, Millstone Evans Group LLC increased its position in shares of Affiliated Managers Group by 41.9% during the third quarter. Millstone Evans Group LLC now owns 176 shares of the asset manager’s stock worth $42,000 after buying an additional 52 shares during the period. Institutional investors own 95.30% of the company’s stock.

More Affiliated Managers Group News

Here are the key news stories impacting Affiliated Managers Group this week:

Affiliated Managers Group Price Performance

Shares of NYSE AMG opened at $329.15 on Friday. The firm has a market capitalization of $9.26 billion, a P/E ratio of 14.26, a P/E/G ratio of 0.61 and a beta of 1.21. The firm’s 50-day moving average price is $301.48 and its 200-day moving average price is $260.77. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.64. Affiliated Managers Group, Inc. has a 1-year low of $139.22 and a 1-year high of $333.99.

Affiliated Managers Group (NYSE:AMGGet Free Report) last issued its earnings results on Thursday, February 12th. The asset manager reported $9.48 EPS for the quarter, beating the consensus estimate of $8.75 by $0.73. Affiliated Managers Group had a return on equity of 18.45% and a net margin of 34.55%.The company had revenue of $556.60 million during the quarter, compared to the consensus estimate of $578.54 million. During the same period last year, the business posted $6.53 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, February 23rd will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, February 23rd. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Affiliated Managers Group’s payout ratio is currently 0.17%.

Analysts Set New Price Targets

AMG has been the topic of several recent analyst reports. TD Cowen restated a “buy” rating on shares of Affiliated Managers Group in a report on Wednesday, January 14th. The Goldman Sachs Group increased their price target on Affiliated Managers Group from $300.00 to $341.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Affiliated Managers Group in a research report on Wednesday, January 21st. Wall Street Zen upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Barrington Research raised their target price on Affiliated Managers Group from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $350.14.

Check Out Our Latest Stock Report on AMG

Affiliated Managers Group Company Profile

(Free Report)

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.

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

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