Barclays PLC Has $16.61 Million Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Barclays PLC grew its holdings in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,814 shares of the asset manager's stock after purchasing an additional 13,326 shares during the period. Barclays PLC owned about 0.30% of Affiliated Managers Group worth $16,610,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. World Investment Advisors LLC acquired a new stake in Affiliated Managers Group in the 3rd quarter valued at $2,592,000. Charles Schwab Investment Management Inc. increased its position in shares of Affiliated Managers Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock valued at $61,228,000 after acquiring an additional 2,264 shares during the last quarter. Empirical Asset Management LLC raised its holdings in Affiliated Managers Group by 10,522.8% during the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock worth $347,000 after acquiring an additional 188,568 shares in the last quarter. Victory Capital Management Inc. boosted its position in Affiliated Managers Group by 4.8% during the fourth quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager's stock valued at $21,937,000 after purchasing an additional 5,436 shares during the last quarter. Finally, Channing Capital Management LLC grew its stake 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 purchasing an additional 26,654 shares in the last quarter. Institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Stock Up 0.3 %

Shares of AMG opened at $156.05 on Monday. The firm has a market cap of $4.57 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. Affiliated Managers Group, Inc. has a 52 week low of $139.22 and a 52 week high of $199.52. The firm's 50-day simple moving average is $163.28 and its 200 day simple moving average is $178.09.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted 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%. On average, 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 announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.01 dividend. 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 0.03%. Affiliated Managers Group's payout ratio is presently 0.26%.

Analyst Ratings Changes

AMG has been the subject of several recent analyst reports. TD Cowen cut their price objective on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Bank of America dropped their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Barrington Research reduced their price target on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group lowered Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $192.40.

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.

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