Marshall Wace LLP Makes New Investment in Affiliated Managers Group, Inc. (NYSE:AMG)

Marshall Wace LLP purchased 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 institutional investor purchased 19,630 shares of the asset manager's stock, valued at approximately $3,630,000. Marshall Wace LLP owned approximately 0.06% of Affiliated Managers Group at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Boston Partners lifted its stake in Affiliated Managers Group by 46.1% in the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock valued at $218,975,000 after buying an additional 373,696 shares in the last quarter. Norges Bank acquired a new position in Affiliated Managers Group during the 4th quarter worth about $68,683,000. Empirical Asset Management LLC lifted its stake in Affiliated Managers Group by 10,522.8% during the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock worth $347,000 after acquiring an additional 188,568 shares in the last quarter. LSV Asset Management lifted its stake in Affiliated Managers Group by 79.1% during the 4th quarter. LSV Asset Management now owns 423,994 shares of the asset manager's stock worth $78,405,000 after acquiring an additional 187,290 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Affiliated Managers Group during the 4th quarter worth about $28,818,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Up 1.3 %

NYSE AMG traded up $2.10 on Tuesday, reaching $165.26. The stock had a trading volume of 140,763 shares, compared to its average volume of 235,172. The business has a 50 day moving average price of $162.15 and a 200 day moving average price of $177.12. 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, Inc. has a 1 year low of $139.22 and a 1 year high of $199.52. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 0.57 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group's payout ratio is presently 0.26%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. TD Cowen dropped their price objective on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Bank of America lowered their price objective on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Barrington Research reduced their target price on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Affiliated Managers Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.40.

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.