Moody Aldrich Partners LLC Invests $2.03 Million in Affiliated Managers Group, Inc. (NYSE:AMG)

Moody Aldrich Partners LLC purchased a new stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,948 shares of the asset manager's stock, valued at approximately $2,025,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. World Investment Advisors LLC bought a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at approximately $2,592,000. Asset Management One Co. Ltd. increased its stake in Affiliated Managers Group by 94.3% during the third quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager's stock valued at $1,884,000 after purchasing an additional 5,142 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Affiliated Managers Group during the third quarter valued at $543,000. Empirical Asset Management LLC lifted its position in shares of 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 worth $347,000 after buying an additional 188,568 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of Affiliated Managers Group in the 3rd quarter valued at about $2,130,000. 95.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group lowered 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 note on Monday, January 6th. TD Cowen downgraded Affiliated Managers Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Barrington Research dropped their target price on Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $195.40.

Affiliated Managers Group Price Performance

Shares of NYSE AMG traded down $1.51 during midday trading on Friday, hitting $188.20. 160,739 shares of the company's stock were exchanged, compared to its average volume of 174,130. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52. The firm has a market cap of $5.69 billion, a P/E ratio of 12.28, a PEG ratio of 0.69 and a beta of 1.15. The stock's 50 day moving average price is $185.72 and its 200-day moving average price is $180.83.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The company's revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.08 EPS. On average, analysts expect that Affiliated Managers Group, Inc. will post 20.9 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group's payout ratio is 0.26%.

About Affiliated Managers Group

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.