Clarkston Capital Partners LLC grew its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 34.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 749,125 shares of the asset manager’s stock after purchasing an additional 191,000 shares during the quarter. Affiliated Managers Group makes up 2.7% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 10th largest position. Clarkston Capital Partners LLC’s holdings in Affiliated Managers Group were worth $80,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMG. Bank of Nova Scotia boosted its holdings in Affiliated Managers Group by 332.7% during the fourth quarter. Bank of Nova Scotia now owns 40,701 shares of the asset manager’s stock worth $3,965,000 after buying an additional 31,295 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Affiliated Managers Group by 15.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 344,237 shares of the asset manager’s stock worth $33,541,000 after buying an additional 46,000 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Affiliated Managers Group by 38.0% during the fourth quarter. Prudential Financial Inc. now owns 148,218 shares of the asset manager’s stock worth $14,442,000 after buying an additional 40,803 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Affiliated Managers Group during the third quarter worth about $4,375,000. Finally, Macquarie Group Ltd. boosted its holdings in Affiliated Managers Group by 0.9% during the third quarter. Macquarie Group Ltd. now owns 123,600 shares of the asset manager’s stock worth $16,899,000 after buying an additional 1,061 shares in the last quarter. Institutional investors and hedge funds own 98.23% of the company’s stock.

In related news, Director Tracy P. Palandjian sold 1,694 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $110.64, for a total transaction of $187,424.16. Following the completion of the transaction, the director now owns 4,291 shares of the company’s stock, valued at $474,756.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

AMG traded up $0.01 during midday trading on Monday, reaching $113.65. 10,936 shares of the company’s stock were exchanged, compared to its average volume of 556,338. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.25. The stock has a market cap of $5.82 billion, a P/E ratio of 7.85, a PEG ratio of 0.72 and a beta of 1.49. Affiliated Managers Group, Inc. has a 1-year low of $88.46 and a 1-year high of $174.50.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, February 4th. The asset manager reported $3.53 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.02. The business had revenue of $564.40 million during the quarter, compared to analyst estimates of $568.99 million. Affiliated Managers Group had a net margin of 10.24% and a return on equity of 18.11%. The company’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.68 earnings per share. As a group, analysts forecast that Affiliated Managers Group, Inc. will post 14.22 EPS for the current fiscal year.

A number of analysts recently commented on the stock. Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Tuesday, April 2nd. Deutsche Bank cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $158.00 to $106.00 in a research report on Thursday, January 10th. ValuEngine cut shares of Affiliated Managers Group from a “sell” rating to a “strong sell” rating in a research report on Monday, April 1st. Citigroup cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating in a research report on Monday, January 14th. Finally, Jefferies Financial Group cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and set a $109.87 target price for the company. in a research report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $131.23.

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Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

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

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