Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC lifted its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,910 shares of the asset manager’s stock after acquiring an additional 129 shares during the period. Foundry Partners LLC’s holdings in Affiliated Managers Group were worth $723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AMG. Jones Financial Companies Lllp boosted its stake in Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after purchasing an additional 62 shares during the last quarter. Private Trust Co. NA boosted 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 worth $40,000 after acquiring an additional 124 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Affiliated Managers Group during the 3rd quarter valued at about $46,000. UMB Bank n.a. grew its stake in Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 69 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in Affiliated Managers Group in the 4th quarter worth approximately $70,000. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Down 6.0 %

Shares of NYSE:AMG opened at $148.52 on Friday. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a 12-month low of $146.61 and a 12-month high of $199.52. The business has a 50-day moving average price of $170.28 and a 200 day moving average price of $180.03. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.01 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Affiliated Managers Group’s payout ratio is presently 0.26%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barrington Research increased their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Bank of America cut their target price on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research 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 cut their price objective for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $197.20.

Affiliated Managers Group 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.