5,947 Shares in Affiliated Managers Group, Inc. (NYSE:AMG) Purchased by Carrera Capital Advisors

Carrera Capital Advisors acquired a new position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,947 shares of the asset manager's stock, valued at approximately $1,100,000.

A number of other hedge funds have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its stake 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 buying an additional 55 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Affiliated Managers Group by 79.5% in the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock worth $26,000 after buying an additional 62 shares during the period. UMB Bank n.a. increased its stake in shares of Affiliated Managers Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock worth $47,000 after buying an additional 69 shares during the period. Covestor Ltd increased its stake in shares of Affiliated Managers Group by 21.4% in the third quarter. Covestor Ltd now owns 471 shares of the asset manager's stock worth $84,000 after buying an additional 83 shares during the period. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Affiliated Managers Group by 1.9% in the third quarter. OneDigital Investment Advisors LLC now owns 4,712 shares of the asset manager's stock worth $838,000 after buying an additional 90 shares during the period. 95.30% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. The Goldman Sachs Group downgraded 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 note on Monday, January 6th. 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 note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Affiliated Managers Group presently has an average rating of "Moderate Buy" and a consensus price target of $198.40.

Affiliated Managers Group Trading Down 1.3 %

Affiliated Managers Group stock traded down $2.14 during mid-day trading on Friday, reaching $159.60. 299,466 shares of the company traded hands, compared to its average volume of 226,504. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The firm's 50 day moving average price is $178.38 and its 200 day moving average price is $180.77. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a 52-week low of $147.13 and a 52-week 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 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%. On average, analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

Affiliated Managers Group 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.