10,689 Shares in Affiliated Managers Group, Inc. (NYSE:AMG) Bought by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,689 shares of the asset manager's stock, valued at approximately $1,977,000.

Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock valued at $26,000 after buying an additional 62 shares during the last quarter. Private Trust Co. NA increased its position in Affiliated Managers Group by 131.9% during the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock worth $40,000 after purchasing an additional 124 shares in the last quarter. UMB Bank n.a. raised 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 valued at $47,000 after purchasing an additional 69 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Affiliated Managers Group in the 3rd quarter valued at about $46,000. Finally, Prospera Private Wealth LLC purchased a new position in Affiliated Managers Group in the 3rd quarter valued at about $47,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMG. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. The Goldman Sachs Group lowered Affiliated Managers Group from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, Barrington Research lifted their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Affiliated Managers Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.40.

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Affiliated Managers Group Trading Up 0.7 %

Shares of AMG traded up $1.16 during mid-day trading on Tuesday, reaching $172.97. The company had a trading volume of 219,156 shares, compared to its average volume of 229,510. Affiliated Managers Group, Inc. has a fifty-two week low of $147.13 and a fifty-two week high of $199.52. The firm has a fifty day simple moving average of $173.80 and a 200-day simple moving average of $180.23. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating analysts' consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. On average, sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.26%.

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.