Dodge & Cox Acquires Shares of 6,500 Affiliated Managers Group, Inc. (NYSE:AMG)

Dodge & Cox purchased a new stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,500 shares of the asset manager's stock, valued at approximately $1,202,000.

Several other large investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC bought a new position in Affiliated Managers Group in the 3rd quarter valued at $2,592,000. Charles Schwab Investment Management Inc. lifted its position in 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 buying an additional 2,264 shares in the last quarter. Empirical Asset Management LLC grew its holdings in 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. Victory Capital Management Inc. increased its position in Affiliated Managers Group by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager's stock valued at $21,937,000 after acquiring an additional 5,436 shares in the last quarter. Finally, Channing Capital Management LLC lifted its position in shares of Affiliated Managers Group by 5.5% during the fourth quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock worth $95,156,000 after purchasing an additional 26,654 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Stock Up 0.3 %

NYSE AMG traded up $0.45 on Friday, hitting $156.05. 190,778 shares of the company were exchanged, compared to its average volume of 237,092. 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, Inc. has a 12 month low of $139.22 and a 12 month high of $199.52. The stock has a fifty day moving average of $163.28 and a 200-day moving average of $178.11. The company has a market cap of $4.57 billion, a PE ratio of 10.33, a PEG ratio of 0.57 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued 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 return on equity of 16.17% and a net margin of 25.06%. As a group, analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given 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 of this dividend was Tuesday, February 18th. Affiliated Managers Group's dividend payout ratio is currently 0.26%.

Analysts Set New Price Targets

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

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.