Algert Global LLC Increases Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Algert Global LLC raised its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,339 shares of the asset manager's stock after purchasing an additional 9,112 shares during the period. Affiliated Managers Group comprises about 0.5% of Algert Global LLC's investment portfolio, making the stock its 9th largest position. Algert Global LLC owned about 0.35% of Affiliated Managers Group worth $19,294,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp raised its position in shares of 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 grew its holdings in shares of Affiliated Managers Group by 131.9% during 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 during the period. Wilmington Savings Fund Society FSB acquired a new stake in Affiliated Managers Group during the 3rd quarter worth approximately $46,000. UMB Bank n.a. raised its holdings in Affiliated Managers Group by 37.1% in 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. Finally, New Age Alpha Advisors LLC purchased a new stake in Affiliated Managers Group during the fourth quarter worth approximately $70,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Up 4.2 %

Shares of Affiliated Managers Group stock traded up $7.30 during trading on Thursday, reaching $182.52. The company had a trading volume of 185,964 shares, compared to its average volume of 229,258. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52. The firm's fifty day moving average is $162.58 and its 200-day moving average is $176.26. 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 (NYSE:AMG - Get Free Report) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping the consensus estimate 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, analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Barrington Research reduced their target price on shares of 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 shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, TD Cowen decreased their price objective on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $192.40.

About Affiliated Managers Group

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.