KBC Group NV Boosts Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

KBC Group NV increased its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 26.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,244 shares of the asset manager’s stock after purchasing an additional 264 shares during the period. KBC Group NV’s holdings in Affiliated Managers Group were worth $230,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AMG. Blue Trust Inc. boosted its position in Affiliated Managers Group by 44.7% during the fourth quarter. Blue Trust Inc. now owns 2,614 shares of the asset manager’s stock valued at $465,000 after buying an additional 807 shares during the period. SG Americas Securities LLC lifted its stake in shares of Affiliated Managers Group by 358.5% in the 4th quarter. SG Americas Securities LLC now owns 29,558 shares of the asset manager’s stock valued at $5,466,000 after acquiring an additional 23,111 shares during the last quarter. Cetera Trust Company N.A boosted its holdings in Affiliated Managers Group by 25.9% during the 4th quarter. Cetera Trust Company N.A now owns 1,410 shares of the asset manager’s stock valued at $261,000 after acquiring an additional 290 shares during the period. Guinness Asset Management LTD grew its position in Affiliated Managers Group by 65.7% during the 4th quarter. Guinness Asset Management LTD now owns 3,326 shares of the asset manager’s stock worth $615,000 after acquiring an additional 1,319 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

Shares of Affiliated Managers Group stock opened at $182.12 on Wednesday. The company has a 50-day moving average of $185.46 and a 200 day moving average of $181.09. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.69 and a beta of 1.15. Affiliated Managers Group, Inc. has a 1 year low of $147.13 and a 1 year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The business had revenue of $525.20 million during the quarter, compared to analysts’ expectations of $521.87 million. During the same quarter last year, the company posted $4.08 EPS. Affiliated Managers Group’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that Affiliated Managers Group, Inc. will post 20.9 EPS for the current year.

Analyst Ratings Changes

AMG has been the subject of a number of analyst reports. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 6th. TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Barrington Research decreased their price objective on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $195.40.

Affiliated Managers Group Profile

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.