Channing Capital Management LLC Has $95.16 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Channing Capital Management LLC grew its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 514,580 shares of the asset manager's stock after acquiring an additional 26,654 shares during the period. Affiliated Managers Group accounts for 2.5% of Channing Capital Management LLC's portfolio, making the stock its 8th largest holding. Channing Capital Management LLC owned about 1.70% of Affiliated Managers Group worth $95,156,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMG. Empirical Asset Management LLC raised its stake 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 acquiring an additional 188,568 shares during the last quarter. Raymond James Financial Inc. bought a new position in Affiliated Managers Group in the 4th quarter worth approximately $28,818,000. Goodman Financial Corp bought a new position in Affiliated Managers Group in the 3rd quarter worth approximately $14,035,000. Fisher Asset Management LLC raised its position in Affiliated Managers Group by 84.3% in the 4th quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager's stock worth $28,886,000 after purchasing an additional 71,458 shares during the last quarter. Finally, Barclays PLC raised its position in Affiliated Managers Group by 261.0% in the 3rd quarter. Barclays PLC now owns 76,488 shares of the asset manager's stock worth $13,600,000 after purchasing an additional 55,302 shares during the last quarter. Institutional investors own 95.30% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a report on Monday, November 11th. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Finally, Barrington Research boosted their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an "outperform" rating in a 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $198.40.

Affiliated Managers Group Stock Up 3.8 %

NYSE:AMG traded up $5.83 on Tuesday, hitting $160.48. 517,659 shares of the company's stock were exchanged, compared to its average volume of 228,875. The firm has a 50-day moving average price of $176.73 and a 200-day moving average price of $180.59. 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 52 week low of $147.13 and a 52 week high of $199.52. The company has a market cap of $4.70 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. As a group, analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company 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 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 0.26%.

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.