Fisher Asset Management LLC Has $28.89 Million Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Fisher Asset Management LLC raised its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 84.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,210 shares of the asset manager's stock after acquiring an additional 71,458 shares during the quarter. Fisher Asset Management LLC owned about 0.52% of Affiliated Managers Group worth $28,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. New York State Common Retirement Fund increased its holdings in shares of Affiliated Managers Group by 4.0% in the fourth quarter. New York State Common Retirement Fund now owns 192,524 shares of the asset manager's stock valued at $35,602,000 after purchasing an additional 7,377 shares in the last quarter. Empirical Asset Management LLC boosted its position in Affiliated Managers Group by 10,522.8% in the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock valued at $347,000 after buying an additional 188,568 shares during the last quarter. Basswood Capital Management L.L.C. increased its stake in shares of Affiliated Managers Group by 22.7% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 131,981 shares of the asset manager's stock valued at $23,466,000 after buying an additional 24,379 shares during the period. Victory Capital Management Inc. raised 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 during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Affiliated Managers Group by 18.3% during the third quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager's stock valued at $19,363,000 after acquiring an additional 15,746 shares during the period. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Trading Down 2.2 %

NYSE AMG traded down $3.84 during trading on Monday, reaching $167.01. 232,686 shares of the stock traded hands, compared to its average volume of 224,213. Affiliated Managers Group, Inc. has a fifty-two week low of $147.13 and a fifty-two week high of $199.52. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. The stock's 50-day moving average price is $180.26 and its 200 day moving average price is $181.12.

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

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date is Tuesday, February 18th. Affiliated Managers Group's dividend payout ratio is currently 0.26%.

Analyst Ratings Changes

AMG has been the subject of a number of research reports. Barrington Research lifted their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. TD Cowen cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. 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 report on Monday, November 11th. Finally, 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $198.40.

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.