Proficio Capital Partners LLC Purchases New Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Proficio Capital Partners LLC bought a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 23,670 shares of the asset manager's stock, valued at approximately $4,377,000. Proficio Capital Partners LLC owned about 0.08% of Affiliated Managers Group at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Affiliated Managers Group by 0.7% during 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 acquiring an additional 2,264 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Affiliated Managers Group by 4.0% during 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 acquiring an additional 7,377 shares during the period. Empirical Asset Management LLC boosted its holdings in shares of Affiliated Managers Group by 10,522.8% during the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock valued at $347,000 after acquiring an additional 188,568 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Affiliated Managers Group by 84.3% during the fourth quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager's stock valued at $28,886,000 after acquiring an additional 71,458 shares during the period. Finally, Basswood Capital Management L.L.C. boosted its holdings in shares of Affiliated Managers Group by 22.7% during the third quarter. Basswood Capital Management L.L.C. now owns 131,981 shares of the asset manager's stock valued at $23,466,000 after acquiring an additional 24,379 shares during the period. Institutional investors own 95.30% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMG shares. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Barrington Research upped their price objective on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $198.40.

Affiliated Managers Group Trading Down 0.8 %

NYSE AMG traded down $1.41 on Friday, hitting $168.02. 573,664 shares of the company were exchanged, compared to its average volume of 229,903. The company's 50 day moving average price is $174.11 and its 200-day moving average price is $180.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The firm has a market capitalization of $4.92 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52.

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

Affiliated Managers Group Dividend Announcement

The firm 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. The ex-dividend date 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%.

Affiliated Managers Group Company 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.