American Century Companies Inc. Has $9.43 Million Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

American Century Companies Inc. increased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 531.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,002 shares of the asset manager's stock after buying an additional 42,921 shares during the quarter. American Century Companies Inc. owned 0.17% of Affiliated Managers Group worth $9,431,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Affiliated Managers Group by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager's stock worth $1,137,000 after acquiring an additional 55 shares during the last quarter. Jones Financial Companies Lllp increased its position in Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock worth $26,000 after purchasing an additional 62 shares in the last quarter. UMB Bank n.a. lifted its stake in Affiliated Managers Group by 37.1% in the 4th 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 during the last quarter. GAMMA Investing LLC boosted its position in Affiliated Managers Group by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 888 shares of the asset manager's stock valued at $164,000 after buying an additional 94 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Affiliated Managers Group by 1.2% in the fourth quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager's stock valued at $1,553,000 after buying an additional 100 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Trading Down 2.4 %

Shares of NYSE AMG traded down $3.58 during trading on Monday, reaching $145.23. The company had a trading volume of 410,206 shares, compared to its average volume of 237,333. The stock has a market cap of $4.25 billion, a P/E ratio of 9.62, a PEG ratio of 0.57 and a beta of 1.09. The company's fifty day moving average price is $169.47 and its 200-day moving average price is $179.84. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a 12 month low of $140.16 and a 12 month high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its 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 return on equity of 16.17% and a net margin of 25.06%. As a group, research analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barrington Research upped their price target 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. Bank of America dropped 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. The Goldman Sachs Group lowered 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, StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $197.20.

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.