Vestcor Inc Buys New Shares in Affiliated Managers Group, Inc. (NYSE:AMG)

Vestcor Inc bought a new stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,243 shares of the asset manager's stock, valued at approximately $415,000.

Other large investors have also made changes to their positions in the company. Channing Capital Management LLC lifted its position in Affiliated Managers Group by 5.5% during the 4th quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock worth $95,156,000 after buying an additional 26,654 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Affiliated Managers Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock worth $61,228,000 after purchasing an additional 2,264 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Affiliated Managers Group by 4.0% during the fourth quarter. New York State Common Retirement Fund now owns 192,524 shares of the asset manager's stock valued at $35,602,000 after purchasing an additional 7,377 shares during the last quarter. Empirical Asset Management LLC increased its holdings in shares of Affiliated Managers Group by 10,522.8% in the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock valued at $347,000 after purchasing an additional 188,568 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Affiliated Managers Group by 84.3% during the 4th quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager's stock worth $28,886,000 after buying an additional 71,458 shares in the last quarter. Institutional investors own 95.30% of the company's stock.

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Affiliated Managers Group Stock Down 0.8 %

AMG traded down $1.41 during trading on Friday, reaching $168.02. The company had a trading volume of 578,091 shares, compared to its average volume of 229,910. The business's fifty day moving average price is $174.11 and its 200 day moving average price is $180.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52. The company has a market cap of $4.92 billion, a P/E ratio of 11.13, a PEG ratio of 0.57 and a beta of 1.18.

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

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.01 dividend. 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 is presently 0.26%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AMG shares. StockNews.com upgraded 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 downgraded Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their price target for the company 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 stock an "outperform" rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $198.40.

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.