Empirical Asset Management LLC Has $347,000 Stake in Affiliated Managers Group, Inc. (NYSE:AMG)

Empirical Asset Management LLC increased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 10,522.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 190,360 shares of the asset manager's stock after buying an additional 188,568 shares during the quarter. Empirical Asset Management LLC owned 0.63% of Affiliated Managers Group worth $347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ariel Investments LLC raised its position in shares of Affiliated Managers Group by 8.7% during the second quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager's stock worth $225,411,000 after purchasing an additional 115,808 shares during the period. Dimensional Fund Advisors LP raised its holdings in Affiliated Managers Group by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 826,123 shares of the asset manager's stock worth $129,065,000 after buying an additional 30,059 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Affiliated Managers Group by 6.7% in the third quarter. New York State Common Retirement Fund now owns 185,147 shares of the asset manager's stock valued at $32,919,000 after buying an additional 11,565 shares during the period. Basswood Capital Management L.L.C. increased its position in shares of Affiliated Managers Group by 22.7% during the third quarter. Basswood Capital Management L.L.C. now owns 131,981 shares of the asset manager's stock worth $23,466,000 after acquiring an additional 24,379 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Affiliated Managers Group by 13.9% during the third quarter. Victory Capital Management Inc. now owns 113,191 shares of the asset manager's stock worth $20,125,000 after acquiring an additional 13,784 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Stock Performance

AMG traded up $1.54 on Friday, hitting $187.21. 148,378 shares of the company were exchanged, compared to its average volume of 198,213. The stock's fifty day moving average is $185.37 and its 200-day moving average is $179.12. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52. The company has a market cap of $5.66 billion, a PE ratio of 12.21, a PEG ratio of 0.60 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.84 by ($0.02). Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The company had revenue of $525.20 million for the quarter, compared to the consensus estimate of $521.87 million. During the same quarter in the prior year, the company earned $4.08 EPS. The company's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts expect that Affiliated Managers Group, Inc. will post 20.9 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given 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 was Thursday, November 14th. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.26%.

Analysts Set New Price Targets

Several research firms recently commented on AMG. TD Cowen cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Barrington Research cut their price target on Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their target price for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $195.40.

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.