Sapient Capital LLC Invests $391,000 in Affiliated Managers Group, Inc. (NYSE:AMG)

Sapient Capital LLC bought a new position in Affiliated Managers Group, Inc. (NYSE:AMG) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,581 shares of the asset manager’s stock, valued at approximately $391,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMG. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Affiliated Managers Group by 13.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,840 shares of the asset manager’s stock worth $892,000 after acquiring an additional 816 shares during the period. Mackenzie Financial Corp grew its stake in shares of Affiliated Managers Group by 18.2% during the 3rd quarter. Mackenzie Financial Corp now owns 6,510 shares of the asset manager’s stock valued at $827,000 after buying an additional 1,003 shares during the period. North Star Asset Management Inc. grew its stake in shares of Affiliated Managers Group by 0.9% during the 3rd quarter. North Star Asset Management Inc. now owns 97,254 shares of the asset manager’s stock valued at $12,676,000 after buying an additional 861 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Affiliated Managers Group by 379.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 27,058 shares of the asset manager’s stock valued at $3,527,000 after buying an additional 21,414 shares during the period. Finally, Citadel Investment Advisory Inc. purchased a new stake in shares of Affiliated Managers Group during the 3rd quarter valued at $787,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Down 0.2 %

Shares of NYSE AMG opened at $160.35 on Monday. The stock has a market capitalization of $5.20 billion, a PE ratio of 9.24, a P/E/G ratio of 0.56 and a beta of 1.31. The firm has a fifty day moving average of $161.52 and a 200-day moving average of $149.55. Affiliated Managers Group, Inc. has a 52-week low of $120.22 and a 52-week high of $169.65.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, February 5th. The asset manager reported $6.86 earnings per share for the quarter, beating the consensus estimate of $6.03 by $0.83. The business had revenue of $502.70 million for the quarter, compared to analyst estimates of $524.98 million. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.28 EPS. Equities research analysts expect that Affiliated Managers Group, Inc. will post 22.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research boosted their price objective on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th.

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.