Skandinaviska Enskilda Banken AB publ Has $4.79 Million Holdings in Affiliated Managers Group, Inc. $AMG

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 103.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 20,100 shares of the asset manager’s stock after purchasing an additional 10,200 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Affiliated Managers Group were worth $4,792,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in Affiliated Managers Group by 1.3% during the first quarter. Goldman Sachs Group Inc. now owns 113,353 shares of the asset manager’s stock valued at $19,047,000 after purchasing an additional 1,428 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Affiliated Managers Group by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 141,733 shares of the asset manager’s stock valued at $23,815,000 after buying an additional 6,262 shares during the period. Jane Street Group LLC purchased a new position in shares of Affiliated Managers Group during the 1st quarter valued at $1,947,000. Sequoia Financial Advisors LLC purchased a new position in shares of Affiliated Managers Group during the 2nd quarter valued at $323,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Affiliated Managers Group by 79.4% in the second quarter. Cullen Frost Bankers Inc. now owns 601 shares of the asset manager’s stock worth $118,000 after acquiring an additional 266 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barrington Research lifted their price objective on Affiliated Managers Group from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. UBS Group set a $295.00 price target on Affiliated Managers Group in a report on Tuesday, November 4th. TD Cowen restated a “buy” rating on shares of Affiliated Managers Group in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft set a $408.00 price objective on shares of Affiliated Managers Group and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, Zacks Research downgraded shares of Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $350.14.

Affiliated Managers Group Stock Down 4.0%

Shares of Affiliated Managers Group stock opened at $317.63 on Friday. Affiliated Managers Group, Inc. has a 12-month low of $139.22 and a 12-month high of $334.78. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $305.54 and a two-hundred day moving average price of $263.67. The stock has a market capitalization of $8.47 billion, a P/E ratio of 13.76, a PEG ratio of 0.55 and a beta of 1.21.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Thursday, February 12th. The asset manager reported $9.48 earnings per share for the quarter, topping analysts’ consensus estimates of $8.75 by $0.73. The business had revenue of $556.60 million during the quarter, compared to analysts’ expectations of $578.54 million. Affiliated Managers Group had a net margin of 34.55% and a return on equity of 18.45%. Affiliated Managers Group’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $6.53 earnings per share. Equities analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

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

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.