NorthRock Partners LLC Purchases Shares of 1,193 Affiliated Managers Group, Inc. (NYSE:AMG)

NorthRock Partners LLC purchased a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,193 shares of the asset manager’s stock, valued at approximately $221,000.

A number of other institutional investors have also modified their holdings of AMG. Jones Financial Companies Lllp boosted its stake in shares of Affiliated Managers Group by 79.5% in the fourth 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 last quarter. Private Trust Co. NA boosted its position in Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock worth $40,000 after purchasing an additional 124 shares in the last quarter. UMB Bank n.a. boosted its position in Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after purchasing an additional 69 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Affiliated Managers Group during the 4th quarter worth approximately $70,000. Finally, Lingohr Asset Management GmbH purchased a new position in shares of Affiliated Managers Group during the 4th quarter valued at approximately $204,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Performance

AMG opened at $183.38 on Monday. The firm’s fifty day simple moving average is $165.43 and its two-hundred day simple moving average is $175.50. Affiliated Managers Group, Inc. has a 52-week low of $139.22 and a 52-week high of $199.52. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.57 and a beta of 1.06. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61.

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

Affiliated Managers Group Dividend Announcement

The company also recently declared 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 of this dividend is Monday, May 19th. Affiliated Managers Group’s dividend payout ratio is presently 0.30%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. TD Cowen lowered their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Bank of America lowered their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Barrington Research reduced their price target on Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Affiliated Managers Group presently has a consensus 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.