New York State Common Retirement Fund Has $35.60 Million Position in Affiliated Managers Group, Inc. (NYSE:AMG)

New York State Common Retirement Fund boosted its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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’s holdings in Affiliated Managers Group were worth $35,602,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AMG. Empirical Asset Management LLC grew its position in Affiliated Managers Group by 10,522.8% in the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after purchasing an additional 188,568 shares during the period. Goodman Financial Corp acquired a new stake in Affiliated Managers Group in the 3rd quarter valued at $14,035,000. Barclays PLC grew its position in Affiliated Managers Group by 261.0% in the 3rd quarter. Barclays PLC now owns 76,488 shares of the asset manager’s stock valued at $13,600,000 after purchasing an additional 55,302 shares during the period. Bank of Montreal Can grew its position in Affiliated Managers Group by 328.2% in the 3rd quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager’s stock valued at $12,420,000 after purchasing an additional 54,003 shares during the period. Finally, Los Angeles Capital Management LLC grew its position in Affiliated Managers Group by 70.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 100,072 shares of the asset manager’s stock valued at $17,793,000 after purchasing an additional 41,413 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMG. Barrington Research raised their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Three 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 a consensus rating of “Moderate Buy” and a consensus target price of $198.40.

Affiliated Managers Group Trading Down 0.7 %

NYSE AMG opened at $168.27 on Friday. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 0.60 and a beta of 1.15. 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 current ratio of 2.13 and a quick ratio of 0.45. The business’s fifty day moving average is $182.23 and its 200-day moving average is $180.73.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping analysts’ consensus estimates 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 predict that Affiliated Managers Group, Inc. will post 22.85 EPS for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend is Tuesday, February 18th. Affiliated Managers Group’s 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.