Boston Partners Purchases 373,696 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Boston Partners lifted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 46.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,184,130 shares of the asset manager's stock after acquiring an additional 373,696 shares during the period. Boston Partners owned approximately 3.92% of Affiliated Managers Group worth $218,975,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Channing Capital Management LLC lifted its holdings in shares of Affiliated Managers Group by 5.5% during the 4th quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock worth $95,156,000 after acquiring an additional 26,654 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $61,228,000 after acquiring an additional 2,264 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Affiliated Managers Group by 4.0% during the 4th quarter. New York State Common Retirement Fund now owns 192,524 shares of the asset manager's stock worth $35,602,000 after acquiring an additional 7,377 shares during the last quarter. Empirical Asset Management LLC lifted its holdings 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 worth $347,000 after acquiring an additional 188,568 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Affiliated Managers Group by 84.3% in the 4th quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager's stock worth $28,886,000 after purchasing an additional 71,458 shares during the period. 95.30% of the stock is owned by institutional investors.

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Affiliated Managers Group Trading Down 0.8 %

Shares of AMG traded down $1.41 during trading hours on Friday, reaching $168.02. 578,140 shares of the company traded hands, compared to its average volume of 229,665. The company's fifty day moving average price is $173.93 and its two-hundred day moving average price is $180.13. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. 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 $147.13 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 earnings per share for the quarter, beating 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%. Equities research analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently announced 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group's payout ratio is 0.26%.

Analysts Set New Price Targets

AMG has been the topic of a number of analyst reports. StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Barrington Research lifted their target price on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Affiliated Managers Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.40.

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.