Callodine Capital Management LP Boosts Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Callodine Capital Management LP boosted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 300.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the asset manager's stock after acquiring an additional 37,500 shares during the quarter. Affiliated Managers Group accounts for 1.9% of Callodine Capital Management LP's holdings, making the stock its 20th largest position. Callodine Capital Management LP owned approximately 0.17% of Affiliated Managers Group worth $9,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of AMG. Vanguard Group Inc. lifted its stake in shares of Affiliated Managers Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager's stock valued at $593,935,000 after purchasing an additional 31,343 shares during the period. Boston Partners boosted its stake in shares of Affiliated Managers Group by 46.1% during the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock worth $218,975,000 after acquiring an additional 373,696 shares in the last quarter. Channing Capital Management LLC grew its position 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 valued at $95,156,000 after acquiring an additional 26,654 shares during the period. LSV Asset Management increased its stake in shares of Affiliated Managers Group by 79.1% in the 4th quarter. LSV Asset Management now owns 423,994 shares of the asset manager's stock valued at $78,405,000 after purchasing an additional 187,290 shares in the last quarter. Finally, Norges Bank acquired a new position in Affiliated Managers Group in the 4th quarter worth about $68,683,000. Hedge funds and other institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Price Performance

AMG stock traded up $1.28 during mid-day trading on Wednesday, reaching $159.76. The company's stock had a trading volume of 69,975 shares, compared to its average volume of 235,061. The stock has a market cap of $4.60 billion, a PE ratio of 10.58, a P/E/G ratio of 0.57 and a beta of 1.09. The company's 50 day moving average is $162.81 and its two-hundred day moving average is $177.76. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61.

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

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders 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 yield of 0.03%. Affiliated Managers Group's dividend payout ratio is currently 0.26%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMG. TD Cowen decreased their target price on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Bank of America decreased their price objective 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. 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 stock from $193.00 to $191.00 in a research report on Monday, January 6th. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Finally, Barrington Research cut their price objective on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.