Barclays PLC Acquires 13,326 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Barclays PLC grew its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,814 shares of the asset manager's stock after purchasing an additional 13,326 shares during the quarter. Barclays PLC owned approximately 0.30% of Affiliated Managers Group worth $16,610,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Affiliated Managers Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager's stock worth $593,935,000 after acquiring an additional 31,343 shares during the period. Boston Partners boosted its stake in Affiliated Managers Group by 46.1% in the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock valued at $218,975,000 after purchasing an additional 373,696 shares during the period. Channing Capital Management LLC boosted its stake in Affiliated Managers Group by 5.5% in the 4th quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock valued at $95,156,000 after purchasing an additional 26,654 shares during the period. LSV Asset Management grew its holdings in Affiliated Managers Group by 79.1% in the 4th quarter. LSV Asset Management now owns 423,994 shares of the asset manager's stock valued at $78,405,000 after buying an additional 187,290 shares in the last quarter. Finally, Norges Bank bought a new position in Affiliated Managers Group during the 4th quarter worth $68,683,000. Institutional investors and hedge funds own 95.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AMG shares. TD Cowen cut 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 report on Wednesday, April 9th. The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their price target for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Barrington Research dropped their price objective 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. StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Finally, Bank of America dropped their price target on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Affiliated Managers Group has a consensus rating of "Moderate Buy" and a consensus target price of $192.40.

Affiliated Managers Group Price Performance

NYSE AMG traded down $0.34 during trading on Friday, hitting $162.73. 28,220 shares of the company's stock were exchanged, compared to its average volume of 230,671. The stock's 50 day moving average price is $162.45 and its two-hundred day moving average price is $177.52. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52. 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 company has a market cap of $4.68 billion, a PE ratio of 10.78, a P/E/G ratio of 0.57 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, beating the consensus estimate 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 expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

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