Boston Partners Increases Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Boston Partners lifted its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 46.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,184,130 shares of the asset manager’s stock after buying an additional 373,696 shares during the quarter. Boston Partners’ holdings in Affiliated Managers Group were worth $218,975,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMG. Jones Financial Companies Lllp raised its stake in Affiliated Managers Group by 79.5% in the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Private Trust Co. NA grew its position in Affiliated Managers Group by 131.9% during the fourth 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 last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Affiliated Managers Group in the third quarter worth approximately $46,000. Prospera Private Wealth LLC bought a new position in shares of Affiliated Managers Group in the third quarter worth approximately $47,000. Finally, UMB Bank n.a. grew its holdings 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 purchasing an additional 69 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on AMG. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, 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 report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Affiliated Managers Group currently has an average rating of “Moderate Buy” and an average price target of $198.40.

Affiliated Managers Group Price Performance

AMG opened at $166.02 on Wednesday. The stock has a 50-day moving average price of $174.53 and a 200-day moving average price of $180.24. 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 cap of $4.86 billion, a PE ratio of 10.99, a P/E/G ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a 1 year low of $147.13 and a 1 year high of $199.52.

Affiliated Managers Group (NYSE:AMG) 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 return on equity of 16.17% and a net margin of 25.06%. Sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 annualized dividend and a yield of 0.02%. 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.