Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,211,846 shares of the asset manager's stock after acquiring an additional 31,343 shares during the period. Vanguard Group Inc. owned about 10.62% of Affiliated Managers Group worth $593,935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMG. World Investment Advisors LLC acquired a new stake in Affiliated Managers Group during the 3rd quarter valued at approximately $2,592,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Affiliated Managers Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock valued at $61,228,000 after buying an additional 2,264 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Affiliated Managers Group during the third quarter worth approximately $543,000. Empirical Asset Management LLC increased 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 worth $347,000 after buying an additional 188,568 shares during the last quarter. Finally, Channing Capital Management LLC raised its holdings in Affiliated Managers Group by 5.5% in the fourth quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock valued at $95,156,000 after acquiring an additional 26,654 shares in the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMG shares. Barrington Research raised their price objective on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, Bank of America decreased their target price on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Affiliated Managers Group presently has a consensus rating of "Moderate Buy" and an average target price of $197.20.

Affiliated Managers Group Stock Performance

Shares of AMG stock traded down $9.56 during trading hours on Friday, reaching $148.52. The stock had a trading volume of 319,644 shares, compared to its average volume of 236,641. The firm has a market capitalization of $4.35 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The firm has a 50-day simple moving average of $170.28 and a 200-day simple moving average of $180.06. Affiliated Managers Group, Inc. has a twelve month low of $146.61 and a twelve month high of $199.52. 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 (NYSE:AMG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, beating 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, equities analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group's dividend payout ratio (DPR) is 0.26%.

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.