Northern Trust Corp Grows Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Northern Trust Corp boosted its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,611 shares of the asset manager's stock after purchasing an additional 26,990 shares during the period. Northern Trust Corp owned 1.16% of Affiliated Managers Group worth $64,650,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Affiliated Managers Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock valued at $61,228,000 after acquiring an additional 2,264 shares during the period. Empirical Asset Management LLC raised its position in Affiliated Managers Group by 10,522.8% during the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock worth $347,000 after purchasing an additional 188,568 shares during the last quarter. Dodge & Cox acquired a new position in Affiliated Managers Group during the 4th quarter worth about $1,202,000. Victory Capital Management Inc. increased its stake in shares of Affiliated Managers Group by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager's stock valued at $21,937,000 after buying an additional 5,436 shares during the period. Finally, Channing Capital Management LLC boosted its holdings in Affiliated Managers Group by 5.5% in the fourth quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock valued at $95,156,000 after acquiring an additional 26,654 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Barrington Research lowered their price objective on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Bank of America cut their target price 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. Finally, TD Cowen lowered 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 note on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $192.40.

Affiliated Managers Group Stock Down 0.9 %

Shares of AMG traded down $1.60 during trading hours on Friday, reaching $179.56. The stock had a trading volume of 347,257 shares, compared to its average volume of 229,276. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 0.57 and a beta of 1.06. The firm has a 50-day simple moving average of $163.23 and a 200 day simple moving average of $176.10. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $496.60 million during the quarter, compared to analysts' expectations of $508.00 million. During the same period last year, the company earned $5.37 earnings per share. Equities research analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed 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 annualized dividend 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 (DPR) is presently 0.26%.

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.