Affiliated Managers Group, Inc. (NYSE:AMG) Shares Bought by LSV Asset Management

LSV Asset Management boosted its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 79.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 423,994 shares of the asset manager's stock after acquiring an additional 187,290 shares during the period. LSV Asset Management owned 1.40% of Affiliated Managers Group worth $78,405,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Affiliated Managers Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager's stock valued at $593,935,000 after acquiring an additional 31,343 shares during the period. Boston Partners grew its holdings in shares of Affiliated Managers Group by 46.1% during the fourth quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock worth $218,975,000 after purchasing an additional 373,696 shares during the last quarter. Channing Capital Management LLC increased its holdings in Affiliated Managers Group by 5.5% in the fourth quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock valued at $95,156,000 after purchasing an additional 26,654 shares during the period. Norges Bank bought a new position in Affiliated Managers Group during the fourth quarter worth $68,683,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Affiliated Managers Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock valued at $61,228,000 after buying an additional 2,264 shares during the period. Institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Stock Performance

AMG traded down $2.00 on Wednesday, reaching $156.71. 79,886 shares of the stock were exchanged, compared to its average volume of 237,149. The firm has a market capitalization of $4.58 billion, a PE ratio of 10.38, a PEG ratio of 0.57 and a beta of 1.09. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52. The company's 50-day moving average price is $164.48 and its 200 day moving average price is $178.55. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13.

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

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group's payout ratio is 0.26%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMG. 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 reduced their target price 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. Barrington Research decreased their target price on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Bank of America cut their price target on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered Affiliated Managers Group from a "buy" rating to a "neutral" rating and reduced their price objective 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, Affiliated Managers Group presently has a consensus rating of "Moderate Buy" and an average price target 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.