Mercer Global Advisors Inc. ADV Acquires New Stake in Affiliated Managers Group, Inc. (NYSE:AMG)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,674 shares of the asset manager’s stock, valued at approximately $679,000.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Affiliated Managers Group by 79.5% during the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock valued at $26,000 after buying an additional 62 shares during the period. Private Trust Co. NA boosted its stake 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 buying an additional 124 shares during the period. UMB Bank n.a. boosted its stake in Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after buying an additional 69 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Affiliated Managers Group during the third quarter valued at $46,000. Finally, New Age Alpha Advisors LLC bought a new stake in Affiliated Managers Group during the fourth quarter valued at $70,000. Institutional investors own 95.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AMG has been the subject of several research analyst reports. TD Cowen dropped their price objective on Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Barrington Research lowered their price target on Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Bank of America lowered their price target on 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. Finally, StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.40.

Affiliated Managers Group Trading Down 0.9%

NYSE AMG opened at $179.56 on Monday. The stock’s 50-day simple moving average is $163.23 and its two-hundred day simple moving average is $175.91. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month high of $199.52. 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 capitalization of $5.17 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.57 and a beta of 1.06.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, topping the consensus estimate of $5.10 by $0.10. The firm had revenue of $496.60 million for the quarter, compared to the consensus estimate of $508.00 million. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. During the same quarter in the previous year, the business earned $5.37 earnings per share. Research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $0.01 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is currently 0.30%.

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.