Kennondale Capital Management LLC Takes Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Kennondale Capital Management LLC bought a new position in Affiliated Managers Group, Inc. (NYSE:AMG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,892 shares of the asset manager’s stock, valued at approximately $905,000.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in shares of Affiliated Managers Group by 79.5% in the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after buying an additional 62 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Affiliated Managers Group by 131.9% in the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock worth $40,000 after buying an additional 124 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Affiliated Managers Group in the third quarter worth about $46,000. Prospera Private Wealth LLC purchased a new stake in shares of Affiliated Managers Group in the third quarter worth about $47,000. Finally, UMB Bank n.a. boosted its stake in shares of Affiliated Managers Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

NYSE:AMG opened at $165.32 on Tuesday. Affiliated Managers Group, Inc. has a one year low of $147.13 and a one year high of $199.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market cap of $4.84 billion, a PE ratio of 10.95, a P/E/G ratio of 0.57 and a beta of 1.18. The stock has a 50 day moving average price of $174.82 and a 200 day moving average price of $180.30.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, beating 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%. Equities research analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS 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. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.26%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AMG shares. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, Barrington Research increased their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $198.40.

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.