Deutsche Bank AG Has $8.80 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Deutsche Bank AG increased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 0.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 47,612 shares of the asset manager’s stock after purchasing an additional 114 shares during the quarter. Deutsche Bank AG’s holdings in Affiliated Managers Group were worth $8,804,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AMG. Boston Partners grew its position in Affiliated Managers Group by 46.1% during the fourth quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock worth $218,975,000 after buying an additional 373,696 shares in the last quarter. Norges Bank acquired a new stake in Affiliated Managers Group during the fourth quarter worth about $68,683,000. Empirical Asset Management LLC grew its position in Affiliated Managers Group by 10,522.8% during the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock worth $347,000 after buying an additional 188,568 shares in the last quarter. LSV Asset Management grew its position in Affiliated Managers Group by 79.1% during the fourth quarter. LSV Asset Management now owns 423,994 shares of the asset manager’s stock worth $78,405,000 after buying an additional 187,290 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Affiliated Managers Group by 541.7% during the fourth quarter. Bank of America Corp DE now owns 186,030 shares of the asset manager’s stock worth $34,401,000 after buying an additional 157,042 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $183.38 on Friday. Affiliated Managers Group, Inc. has a 1 year low of $139.22 and a 1 year high of $199.52. The firm has a 50 day moving average of $165.43 and a 200-day moving average of $175.77. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $5.21 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Thursday, May 8th. The asset manager reported $5.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.10. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. The company had revenue of $496.60 million during the quarter, compared to analysts’ expectations of $508.00 million. During the same quarter in the previous year, the company posted $5.37 earnings per share. As a group, sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AMG shares. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. TD Cowen cut their price target on shares of 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. Bank of America cut their price target on shares of Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Finally, Barrington Research cut their price target on shares of Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Affiliated Managers Group presently has an average rating of “Moderate Buy” and a consensus price target of $192.40.

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.