New York State Common Retirement Fund Grows Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

New York State Common Retirement Fund grew its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,524 shares of the asset manager's stock after purchasing an additional 7,377 shares during the quarter. New York State Common Retirement Fund owned approximately 0.64% of Affiliated Managers Group worth $35,602,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC lifted its stake in Affiliated Managers Group by 29.9% during the fourth quarter. Kestra Investment Management LLC now owns 4,656 shares of the asset manager's stock worth $861,000 after purchasing an additional 1,071 shares during the last quarter. Truist Financial Corp lifted its position in shares of Affiliated Managers Group by 15.7% during the 4th quarter. Truist Financial Corp now owns 2,699 shares of the asset manager's stock worth $499,000 after buying an additional 366 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Affiliated Managers Group by 146.2% during the 4th quarter. Blue Trust Inc. now owns 4,448 shares of the asset manager's stock worth $823,000 after buying an additional 2,641 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Affiliated Managers Group by 43.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,133 shares of the asset manager's stock valued at $212,000 after buying an additional 344 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of Affiliated Managers Group by 1.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager's stock valued at $1,553,000 after buying an additional 100 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Performance

Shares of NYSE:AMG traded down $2.23 during trading on Friday, reaching $166.04. The company had a trading volume of 196,691 shares, compared to its average volume of 198,012. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 0.45. The stock's fifty day moving average price is $181.82 and its 200 day moving average price is $180.77. Affiliated Managers Group, Inc. has a fifty-two week low of $147.13 and a fifty-two week high of $199.52. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 0.60 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts predict that Affiliated Managers Group, Inc. will post 22.85 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently weighed in on AMG. TD Cowen downgraded Affiliated Managers Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $226.00 to $177.00 in a report on Tuesday, November 5th. The Goldman Sachs Group cut 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 note on Monday, January 6th. StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research 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 company a "buy" rating in a report on Monday, November 11th. Finally, Barrington Research increased their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Three 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 presently 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.