Livforsakringsbolaget Skandia Omsesidigt Takes $2.14 Million Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,550 shares of the asset manager's stock, valued at approximately $2,136,000.

Several other hedge funds have also modified their holdings of AMG. World Investment Advisors LLC acquired a new stake in Affiliated Managers Group during the 3rd quarter worth about $2,592,000. Asset Management One Co. Ltd. increased its position in shares of Affiliated Managers Group by 94.3% in the third quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager's stock worth $1,884,000 after acquiring an additional 5,142 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Affiliated Managers Group during the third quarter valued at approximately $543,000. Empirical Asset Management LLC lifted its position in shares of Affiliated Managers Group by 10,522.8% in the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock valued at $347,000 after acquiring an additional 188,568 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in Affiliated Managers Group in the 3rd quarter worth approximately $2,130,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on AMG. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their target price for the company from $193.00 to $191.00 in a research note on Monday, January 6th. StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday. TD Cowen cut Affiliated Managers Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Barrington Research boosted their price objective on shares of 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Affiliated Managers Group currently has a consensus rating of "Moderate Buy" and an average target price of $198.40.

Affiliated Managers Group Stock Down 1.5 %

Shares of Affiliated Managers Group stock traded down $2.72 during trading on Tuesday, hitting $173.17. 169,372 shares of the stock traded hands, compared to its average volume of 198,555. The stock has a market cap of $5.23 billion, a P/E ratio of 11.47, a PEG ratio of 0.67 and a beta of 1.15. The company has a fifty day moving average price of $184.62 and a two-hundred day moving average price of $181.30. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.45 and a current ratio of 2.13.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Equities research analysts predict that Affiliated Managers Group, Inc. will post 22.83 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date is Tuesday, February 18th. Affiliated Managers Group's payout ratio is 0.26%.

Affiliated Managers Group Company 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.