Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 358.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,558 shares of the asset manager's stock after acquiring an additional 23,111 shares during the quarter. SG Americas Securities LLC owned approximately 0.10% of Affiliated Managers Group worth $5,466,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in Affiliated Managers Group during the third quarter valued at $30,000. UMB Bank n.a. increased its holdings in shares of Affiliated Managers Group by 481.3% in the third quarter. UMB Bank n.a. now owns 186 shares of the asset manager's stock worth $33,000 after purchasing an additional 154 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Affiliated Managers Group during the 3rd quarter valued at approximately $46,000. Prospera Private Wealth LLC bought a new position in shares of Affiliated Managers Group in the 3rd quarter valued at about $47,000. Finally, Brooklyn Investment Group purchased a new position in shares of Affiliated Managers Group during the 3rd quarter worth about $49,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a research report on Monday, November 11th. The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $193.00 to $191.00 in a report on Monday, January 6th. TD Cowen cut Affiliated Managers Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Finally, Barrington Research decreased 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $195.40.

Affiliated Managers Group Trading Up 0.2 %

NYSE:AMG traded up $0.40 during trading hours on Friday, hitting $186.60. 146,608 shares of the stock were exchanged, compared to its average volume of 168,116. The company has a market cap of $5.64 billion, a P/E ratio of 12.17, a P/E/G ratio of 0.68 and a beta of 1.15. The firm's fifty day moving average price is $185.46 and its 200 day moving average price is $179.89. Affiliated Managers Group, Inc. has a 52-week low of $147.13 and a 52-week high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The firm had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. During the same period in the prior year, the company posted $4.08 earnings per share. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts expect that Affiliated Managers Group, Inc. will post 20.9 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

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