Coldstream Capital Management Inc. Has $442,000 Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Coldstream Capital Management Inc. boosted its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 5.0% in the third quarter, Holdings Channel reports. The firm owned 2,480 shares of the asset manager’s stock after purchasing an additional 118 shares during the period. Coldstream Capital Management Inc.’s holdings in Affiliated Managers Group were worth $442,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AMG. Ensign Peak Advisors Inc grew its holdings in shares of Affiliated Managers Group by 0.6% in the 2nd quarter. Ensign Peak Advisors Inc now owns 9,902 shares of the asset manager’s stock valued at $1,547,000 after buying an additional 60 shares during the period. Covestor Ltd lifted its holdings in Affiliated Managers Group by 21.4% during the third quarter. Covestor Ltd now owns 471 shares of the asset manager’s stock worth $84,000 after acquiring an additional 83 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Affiliated Managers Group by 1.9% in the third quarter. OneDigital Investment Advisors LLC now owns 4,712 shares of the asset manager’s stock worth $838,000 after acquiring an additional 90 shares in the last quarter. Kendall Capital Management raised its position in shares of Affiliated Managers Group by 2.5% during the second quarter. Kendall Capital Management now owns 4,135 shares of the asset manager’s stock worth $646,000 after purchasing an additional 100 shares during the period. Finally, Foundry Partners LLC lifted its holdings in shares of Affiliated Managers Group by 3.0% during the 3rd quarter. Foundry Partners LLC now owns 3,781 shares of the asset manager’s stock valued at $672,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Down 1.2 %

NYSE AMG opened at $186.59 on Friday. The firm’s 50 day moving average is $187.62 and its 200-day moving average is $174.10. The company has a market capitalization of $5.64 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 0.69 and a beta of 1.15. Affiliated Managers Group, Inc. has a 12-month low of $145.36 and a 12-month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The business had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. During the same quarter in the previous year, the firm posted $4.08 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, sell-side analysts expect that Affiliated Managers Group, Inc. will post 20.91 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.26%.

Analyst Ratings Changes

AMG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised 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. TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Finally, Barrington Research lowered their target price on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $196.50.

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.