KLP Kapitalforvaltning AS Invests $1.72 Million in Affiliated Managers Group, Inc. (NYSE:AMG)

KLP Kapitalforvaltning AS purchased a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,300 shares of the asset manager's stock, valued at approximately $1,720,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMG. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Affiliated Managers Group during the third quarter worth $321,000. Cerity Partners LLC increased its position in Affiliated Managers Group by 37.1% in the 3rd quarter. Cerity Partners LLC now owns 10,233 shares of the asset manager's stock valued at $1,820,000 after acquiring an additional 2,767 shares in the last quarter. Bank of Montreal Can increased its position in Affiliated Managers Group by 328.2% in the 3rd quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager's stock valued at $12,420,000 after acquiring an additional 54,003 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Affiliated Managers Group in the third quarter worth about $1,064,000. Finally, Brooklyn Investment Group acquired a new position in shares of Affiliated Managers Group during the third quarter worth approximately $49,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Trading Up 0.0 %

Shares of Affiliated Managers Group stock traded up $0.06 during trading on Tuesday, reaching $168.09. 53,058 shares of the company were exchanged, compared to its average volume of 228,707. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52. The business has a 50-day moving average price of $172.27 and a 200-day moving average price of $180.41. 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 capitalization of $4.92 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 0.57 and a beta of 1.18.

Remove Ads

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly 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 return on equity of 16.17% and a net margin of 25.06%. Sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group's dividend payout ratio is 0.26%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Barrington Research upped their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Three investment 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 a consensus rating of "Moderate Buy" and a consensus price target 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.