Affiliated Managers Group, Inc. (NYSE:AMG) Stock Position Raised by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 146.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,448 shares of the asset manager's stock after buying an additional 2,641 shares during the period. Blue Trust Inc.'s holdings in Affiliated Managers Group were worth $823,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMG. Empirical Asset Management LLC boosted its stake in shares of Affiliated Managers Group by 10,522.8% during the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock valued at $347,000 after buying an additional 188,568 shares during the last quarter. Goodman Financial Corp bought a new position in Affiliated Managers Group during the 3rd quarter valued at $14,035,000. Barclays PLC boosted its stake in Affiliated Managers Group by 261.0% during the 3rd quarter. Barclays PLC now owns 76,488 shares of the asset manager's stock valued at $13,600,000 after acquiring an additional 55,302 shares during the last quarter. Bank of Montreal Can grew its holdings in Affiliated Managers Group by 328.2% during the 3rd quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager's stock worth $12,420,000 after acquiring an additional 54,003 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of Affiliated Managers Group by 70.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 100,072 shares of the asset manager's stock worth $17,793,000 after purchasing an additional 41,413 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Barrington Research raised their target price 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. TD Cowen downgraded Affiliated Managers Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and reduced their price target for the company from $193.00 to $191.00 in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Affiliated Managers Group has a consensus rating of "Moderate Buy" and an average price target of $198.40.

Affiliated Managers Group Stock Performance

Shares of AMG traded down $1.15 during trading hours on Thursday, reaching $168.27. 171,273 shares of the company's stock traded hands, compared to its average volume of 198,054. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52. The business's fifty day simple moving average is $182.64 and its two-hundred day simple moving average is $180.82. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 0.45. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 0.60 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping analysts' consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Analysts predict that Affiliated Managers Group, Inc. will post 22.85 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend is Tuesday, February 18th. Affiliated Managers Group's payout ratio is currently 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.