155,839 Shares in Affiliated Managers Group, Inc. (NYSE:AMG) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 155,839 shares of the asset manager's stock, valued at approximately $28,818,000. Raymond James Financial Inc. owned 0.52% of Affiliated Managers Group as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock valued at $26,000 after acquiring an additional 62 shares during the period. Ashton Thomas Securities LLC bought a new position in Affiliated Managers Group in the 3rd quarter valued at about $30,000. Private Trust Co. NA raised its holdings in Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock valued at $40,000 after acquiring an additional 124 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Affiliated Managers Group in the 3rd quarter valued at about $46,000. Finally, Prospera Private Wealth LLC bought a new position in Affiliated Managers Group in the 3rd quarter valued at about $47,000. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Stock Performance

Shares of AMG traded up $0.88 during mid-day trading on Tuesday, hitting $166.02. 190,067 shares of the company's stock were exchanged, compared to its average volume of 229,163. Affiliated Managers Group, Inc. has a 52 week low of $147.13 and a 52 week high of $199.52. The stock's 50-day simple moving average is $174.82 and its 200-day simple moving average is $180.30. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61.

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Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings results 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 net margin of 25.06% and a return on equity of 16.17%. On average, equities research analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group's dividend payout ratio is 0.26%.

Analyst Upgrades and Downgrades

AMG has been the topic of several research analyst reports. Barrington Research increased their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $198.40.

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.