First Trust Advisors LP Has $40.23 Million Position in Affiliated Managers Group, Inc. (NYSE:AMG)

First Trust Advisors LP increased its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 69.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 217,571 shares of the asset manager's stock after acquiring an additional 89,395 shares during the period. First Trust Advisors LP owned about 0.72% of Affiliated Managers Group worth $40,233,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its holdings in Affiliated Managers Group by 0.9% in the 4th 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 raised its holdings in Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. UMB Bank n.a. grew its holdings 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 valued at $47,000 after purchasing an additional 69 shares during the period. GAMMA Investing LLC increased its position in shares of Affiliated Managers Group by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 888 shares of the asset manager's stock worth $164,000 after purchasing an additional 94 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Affiliated Managers Group by 1.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager's stock worth $1,553,000 after purchasing an additional 100 shares during the period. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. TD Cowen cut their price objective on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Bank of America cut their price objective on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Barrington Research lowered their target price on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $192.40.

Affiliated Managers Group Stock Performance

AMG traded up $0.45 during midday trading on Monday, reaching $162.98. The company's stock had a trading volume of 212,153 shares, compared to its average volume of 235,550. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The company has a fifty day simple moving average of $162.28 and a 200 day simple moving average of $177.30. The stock has a market cap of $4.69 billion, a P/E ratio of 10.79, a PEG ratio of 0.57 and a beta of 1.09. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. Research analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group's payout ratio is presently 0.26%.

Affiliated Managers Group Company 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.