Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by Algert Global LLC

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

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC boosted its position in shares of Affiliated Managers Group by 261.0% during the 3rd quarter. Barclays PLC now owns 76,488 shares of the asset manager's stock valued at $13,600,000 after acquiring an additional 55,302 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Affiliated Managers Group during the third quarter valued at approximately $2,592,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at approximately $46,000. Franklin Resources Inc. raised its holdings in shares of Affiliated Managers Group by 18.3% in the 3rd quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager's stock worth $19,363,000 after buying an additional 15,746 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Affiliated Managers Group by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 888 shares of the asset manager's stock worth $164,000 after buying an additional 94 shares during the period. Institutional investors own 95.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. 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. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $193.00 to $191.00 in a report on Monday, January 6th. 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 report on Wednesday, April 9th. Barrington Research decreased their price objective on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $192.40.

Affiliated Managers Group Trading Up 4.4 %

AMG opened at $174.26 on Friday. Affiliated Managers Group, Inc. has a 1-year low of $139.22 and a 1-year high of $199.52. The stock has a market capitalization of $5.02 billion, a PE ratio of 11.54, a PEG ratio of 0.57 and a beta of 1.09. 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 firm has a 50-day moving average price of $162.28 and a two-hundred day moving average price of $176.69.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share 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%. As a group, equities analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.