The LS Investment Advisors LLC Has $390,000 Position in Affiliated Managers Group, Inc. (AMG)

The LS Investment Advisors LLC Has $390,000 Position in Affiliated Managers Group, Inc. (AMG)

A number of other institutional investors have also recently modified their holdings of AMG. State of Alaska Department of Revenue purchased a new position in shares of Affiliated Managers Group during the first quarter worth $104,000. Financial Architects Inc increased its position in shares of Affiliated Managers Group by 5,340.0% in the first quarter. Financial Architects Inc now owns 816 shares of the asset manager’s stock worth $134,000 after buying an additional 801 shares during the last quarter. First Interstate Bank increased its position in shares of Affiliated Managers Group by 1,273.3% in the fourth quarter. First Interstate Bank now owns 824 shares of the asset manager’s stock worth $120,000 after buying an additional 764 shares during the last quarter. SRB Corp increased its position 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 in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new position in Affiliated Managers Group during the first quarter valued at approximately $200,000. Institutional investors and hedge funds own 98.85% of the company’s stock.

LS Investment Advisors LLC boosted its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 11.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,377 shares of the asset manager’s stock after buying an additional 251 shares during the period. LS Investment Advisors LLC’s holdings in Affiliated Managers Group were worth $390,000 as of its most recent SEC filing.

Affiliated Managers Group, Inc. (NYSE AMG) opened at 161.00 on Monday. The firm has a market cap of $9.11 billion, a P/E ratio of 18.31 and a beta of 1.59. Affiliated Managers Group, Inc. has a 1-year low of $130.48 and a 1-year high of $177.76. The stock has a 50 day moving average price of $157.30 and a 200 day moving average price of $155.94.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, May 1st. The asset manager reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.03. The business had revenue of $544.30 million during the quarter, compared to analyst estimates of $551.56 million. Affiliated Managers Group had a return on equity of 17.65% and a net margin of 21.48%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company earned $2.94 EPS. On average, analysts anticipate that Affiliated Managers Group, Inc. will post $14.61 EPS for the current year. The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Tuesday, May 9th. Affiliated Managers Group’s payout ratio is 9.35%.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, May 1st. The asset manager reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.03. The business had revenue of $544.30 million during the quarter, compared to analyst estimates of $551.56 million. Affiliated Managers Group had a return on equity of 17.65% and a net margin of 21.48%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company earned $2.94 EPS. On average, analysts anticipate that Affiliated Managers Group, Inc. will post $14.61 EPS for the current year. Several research firms have commented on AMG. Jefferies Group LLC upped their price objective on shares of Affiliated Managers Group from $191.00 to $195.00 and gave the company a “positive” rating in a report on Wednesday, February 15th. Zacks Investment Research downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Deutsche Bank AG decreased their price target on shares of Affiliated Managers Group from $183.00 to $182.00 and set a “hold” rating on the stock in a research note on Tuesday, April 18th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $185.00 price target on shares of Affiliated Managers Group in a research note on Tuesday, April 4th. Finally, ValuEngine cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $186.88.

In other news, Director Patrick T. Ryan sold 8,902 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $152.89, for a total value of $1,361,026.78. Following the completion of the sale, the director now directly owns 10,342 shares of the company’s stock, valued at approximately $1,581,188.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.96% of the stock is owned by company insiders. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AMG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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