Livforsakringsbolaget Skandia Omsesidigt Takes $2.14 Million Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Affiliated Managers Group, Inc. (NYSE:AMG) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 11,550 shares of the asset manager’s stock, valued at approximately $2,136,000.

A number of other hedge funds also recently made changes to their positions in AMG. Ashton Thomas Securities LLC acquired a new stake in shares of Affiliated Managers Group in the third quarter valued at approximately $30,000. UMB Bank n.a. lifted its holdings in Affiliated Managers Group by 481.3% during the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock worth $33,000 after purchasing an additional 154 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Affiliated Managers Group during the 3rd quarter worth approximately $46,000. Prospera Private Wealth LLC acquired a new stake in Affiliated Managers Group during the 3rd quarter worth approximately $47,000. Finally, Brooklyn Investment Group acquired a new stake in Affiliated Managers Group during the 3rd quarter worth approximately $49,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Performance

Shares of NYSE:AMG opened at $182.63 on Friday. The business’s 50 day simple moving average is $185.22 and its two-hundred day simple moving average is $181.11. The firm has a market cap of $5.52 billion, a P/E ratio of 11.91, a PEG ratio of 0.69 and a beta of 1.15. Affiliated Managers Group, Inc. has a 52-week low of $147.13 and a 52-week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. On average, equities analysts forecast that Affiliated Managers Group, Inc. will post 20.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMG has been the subject of several research reports. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. Finally, Barrington Research raised their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $198.40.

About Affiliated Managers Group

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.