19,630 Shares in Affiliated Managers Group, Inc. (NYSE:AMG) Bought by Marshall Wace LLP

Marshall Wace LLP acquired a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 19,630 shares of the asset manager's stock, valued at approximately $3,630,000. Marshall Wace LLP owned 0.06% of Affiliated Managers Group as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AMG. World Investment Advisors LLC bought a new stake in Affiliated Managers Group during the 3rd quarter valued at $2,592,000. Charles Schwab Investment Management Inc. grew its stake in Affiliated Managers Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock worth $61,228,000 after buying an additional 2,264 shares during the last quarter. Empirical Asset Management LLC boosted its holdings in Affiliated Managers Group by 10,522.8% in the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock worth $347,000 after acquiring an additional 188,568 shares in the last quarter. Dodge & Cox purchased a new position in shares of Affiliated Managers Group in the 4th quarter valued at approximately $1,202,000. Finally, Victory Capital Management Inc. increased its position in shares of Affiliated Managers Group by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager's stock valued at $21,937,000 after acquiring an additional 5,436 shares during the period. Institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Trading Down 1.1 %

Shares of Affiliated Managers Group stock traded down $1.81 during trading hours on Wednesday, hitting $163.42. The company's stock had a trading volume of 78,382 shares, compared to its average volume of 228,568. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month high of $199.52. The firm has a fifty day moving average of $162.09 and a 200-day moving average of $177.04.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its earnings results on Thursday, February 6th. The asset manager reported $6.53 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%. Research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group's dividend payout ratio is currently 0.26%.

Wall Street Analysts Forecast Growth

AMG has been the topic of several recent research reports. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. TD Cowen dropped their target price on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $193.00 to $191.00 in a report on Monday, January 6th. 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. Finally, Bank of America decreased 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 report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $192.40.

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.