Charles Schwab Investment Management Inc. Increases Stake in Affiliated Managers Group, Inc. (NYSE:AMG)

Charles Schwab Investment Management Inc. boosted its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 331,106 shares of the asset manager's stock after acquiring an additional 2,264 shares during the period. Charles Schwab Investment Management Inc. owned 1.10% of Affiliated Managers Group worth $61,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMG. Oregon Public Employees Retirement Fund raised its position in shares of Affiliated Managers Group by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager's stock valued at $1,137,000 after buying an additional 55 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Affiliated Managers Group by 79.5% in the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of 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 purchasing an additional 69 shares in the last quarter. Covestor Ltd grew its holdings in shares of Affiliated Managers Group by 21.4% in the third quarter. Covestor Ltd now owns 471 shares of the asset manager's stock valued at $84,000 after purchasing an additional 83 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of Affiliated Managers Group by 1.9% in the third quarter. OneDigital Investment Advisors LLC now owns 4,712 shares of the asset manager's stock valued at $838,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 95.30% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have commented on AMG. Barrington Research lifted their price objective on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and lowered their target price for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.40.

Affiliated Managers Group Stock Performance

NYSE:AMG traded up $4.79 during midday trading on Friday, hitting $163.62. The company's stock had a trading volume of 326,200 shares, compared to its average volume of 229,241. Affiliated Managers Group, Inc. has a fifty-two week low of $147.13 and a fifty-two week high of $199.52. The firm's 50 day moving average is $175.20 and its 200-day moving average is $180.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The firm has a market cap of $4.79 billion, a P/E ratio of 10.84, a P/E/G 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 earnings per share 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%. Equities analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.01 per share. 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 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.