Universal Beteiligungs und Servicegesellschaft mbH Purchases 3,662 Shares of Affiliated Managers Group, Inc. $AMG

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,905 shares of the asset manager’s stock after acquiring an additional 3,662 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.17% of Affiliated Managers Group worth $11,184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oliver Luxxe Assets LLC bought a new position in shares of Affiliated Managers Group in the 3rd quarter valued at about $2,673,000. Cullen Frost Bankers Inc. lifted its holdings in Affiliated Managers Group by 79.4% in the second quarter. Cullen Frost Bankers Inc. now owns 601 shares of the asset manager’s stock valued at $118,000 after buying an additional 266 shares during the period. First Trust Advisors LP boosted its stake in Affiliated Managers Group by 18.1% in the second quarter. First Trust Advisors LP now owns 234,679 shares of the asset manager’s stock valued at $46,178,000 after acquiring an additional 36,045 shares during the last quarter. Atlanta Consulting Group Advisors LLC acquired a new stake in Affiliated Managers Group during the 2nd quarter worth $226,000. Finally, AlphaCore Capital LLC bought a new stake in shares of Affiliated Managers Group during the 2nd quarter valued at $49,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMG has been the topic of several recent research reports. UBS Group set a $295.00 price target on Affiliated Managers Group in a research report on Tuesday, November 4th. TD Cowen restated a “buy” rating on shares of Affiliated Managers Group in a report on Wednesday, January 14th. The Goldman Sachs Group boosted their target price on Affiliated Managers Group from $300.00 to $341.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Barrington Research increased their price target on shares of Affiliated Managers Group from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Bank of America boosted their price objective on shares of Affiliated Managers Group to $335.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.50.

Affiliated Managers Group Trading Down 3.1%

NYSE AMG opened at $319.29 on Friday. Affiliated Managers Group, Inc. has a one year low of $139.22 and a one year high of $333.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $8.98 billion, a P/E ratio of 19.02, a P/E/G ratio of 0.59 and a beta of 1.19. The stock’s 50-day moving average is $286.96 and its 200-day moving average is $249.92.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, November 3rd. The asset manager reported $6.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.88 by $0.22. The business had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $543.39 million. Affiliated Managers Group had a return on equity of 16.75% and a net margin of 26.01%.Affiliated Managers Group’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.82 EPS. Sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Thursday, November 13th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, November 13th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.24%.

Affiliated Managers Group Profile

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.