O Shaughnessy Asset Management LLC Purchases 1,004 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

O Shaughnessy Asset Management LLC grew its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,090 shares of the asset manager’s stock after purchasing an additional 1,004 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Affiliated Managers Group were worth $941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in Affiliated Managers Group by 79.5% in the 4th 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 period. 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 acquiring an additional 124 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Affiliated Managers Group during the third quarter worth about $46,000. UMB Bank n.a. raised 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 purchasing an additional 69 shares during the period. 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 owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMG has been the topic of several recent analyst reports. Bank of America reduced their price objective on shares of Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Barrington Research lifted their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $197.20.

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock opened at $145.23 on Tuesday. The company’s 50-day moving average price is $169.47 and its 200-day moving average price is $179.84. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The company has a market cap of $4.25 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data 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 return on equity of 16.17% and a net margin of 25.06%. On average, equities research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed 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. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group’s payout ratio is 0.26%.

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.