Proficio Capital Partners LLC acquired 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 firm acquired 23,670 shares of the asset manager's stock, valued at approximately $4,377,000. Proficio Capital Partners LLC owned approximately 0.08% of Affiliated Managers Group at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of AMG. Ashton Thomas Securities LLC purchased a new position in Affiliated Managers Group in the third quarter valued at $30,000. UMB Bank n.a. increased its holdings in Affiliated Managers Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock valued at $47,000 after buying an additional 69 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Affiliated Managers Group in the third quarter valued at $46,000. Prospera Private Wealth LLC purchased a new position in Affiliated Managers Group in the third quarter valued at $47,000. Finally, Brooklyn Investment Group purchased a new position in Affiliated Managers Group in the third quarter valued at $49,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.
Affiliated Managers Group Stock Performance
Shares of NYSE AMG traded down $2.14 during midday trading on Friday, reaching $159.60. 299,466 shares of the company were exchanged, compared to its average volume of 226,504. 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 $147.13 and a 1 year high of $199.52. The stock has a fifty day simple moving average of $178.38 and a 200 day simple moving average of $180.77. The stock has a market cap of $4.67 billion, a P/E ratio of 10.57, a PEG ratio of 0.57 and a beta of 1.18.
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 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, research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.
Affiliated Managers Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.01 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. Affiliated Managers Group's payout ratio is currently 0.26%.
Wall Street Analysts Forecast Growth
AMG has been the topic of several recent analyst reports. The Goldman Sachs Group lowered Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their target price for the company from $193.00 to $191.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Barrington Research raised their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $198.40.
Check Out Our Latest Research Report on AMG
About Affiliated Managers Group
(
Free Report)
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.
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