Sprott Inc. Invests $1.538 Million in Affiliated Managers Group, Inc. (AMG)

Sprott Inc. bought a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 9,383 shares of the asset manager’s stock, valued at approximately $1,538,000.

Several other hedge funds also recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in Affiliated Managers Group during the first quarter valued at approximately $104,000. First Interstate Bank raised its stake in Affiliated Managers Group by 1,273.3% in the fourth quarter. First Interstate Bank now owns 824 shares of the asset manager’s stock valued at $120,000 after buying an additional 764 shares during the last quarter. HBK Sorce Advisory LLC purchased a new stake in Affiliated Managers Group during the third quarter valued at approximately $132,000. Financial Architects Inc raised its stake in Affiliated Managers Group by 5,340.0% in the first quarter. Financial Architects Inc now owns 816 shares of the asset manager’s stock valued at $134,000 after buying an additional 801 shares during the last quarter. Finally, SRB Corp raised its stake in Affiliated Managers Group by 29.8% in the third quarter. SRB Corp now owns 1,111 shares of the asset manager’s stock valued at $161,000 after buying an additional 255 shares during the last quarter. 98.85% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) traded up 2.13% on Friday, hitting $152.69. The stock had a trading volume of 681,423 shares. The firm has a 50 day moving average of $159.40 and a 200 day moving average of $154.49. The stock has a market cap of $8.64 billion, a P/E ratio of 17.37 and a beta of 1.59. Affiliated Managers Group, Inc. has a 12 month low of $130.48 and a 12 month high of $177.76.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, May 1st. The asset manager reported $3.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.18 by $0.03. Affiliated Managers Group had a return on equity of 17.65% and a net margin of 21.48%. The firm had revenue of $544.30 million for the quarter, compared to analyst estimates of $551.56 million. During the same quarter in the prior year, the company posted $2.94 earnings per share. Affiliated Managers Group’s quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts forecast that Affiliated Managers Group, Inc. will post $14.60 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Thursday, May 11th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, May 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. Affiliated Managers Group’s payout ratio is 9.35%.

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Several analysts have commented on AMG shares. TheStreet raised shares of Affiliated Managers Group from a “c+” rating to a “b” rating in a research report on Monday, March 20th. Credit Suisse Group AG set a $194.00 price objective on shares of Affiliated Managers Group and gave the company a “buy” rating in a report on Tuesday, January 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $191.00 price target on shares of Affiliated Managers Group in a report on Tuesday, January 31st. Citigroup Inc reiterated a “buy” rating on shares of Affiliated Managers Group in a report on Tuesday, January 31st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $185.00 price target on shares of Affiliated Managers Group in a report on Tuesday, April 4th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Affiliated Managers Group has an average rating of “Buy” and an average target price of $186.88.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

5 Day Chart for NYSE:AMG

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