Captrust Financial Advisors Buys 10,081 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Captrust Financial Advisors lifted its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 271.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,794 shares of the asset manager's stock after purchasing an additional 10,081 shares during the period. Captrust Financial Advisors' holdings in Affiliated Managers Group were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock valued at $26,000 after acquiring an additional 62 shares during the period. Private Trust Co. NA increased its holdings in Affiliated Managers Group by 131.9% in the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock valued at $40,000 after purchasing an additional 124 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Affiliated Managers Group during the 3rd quarter worth $46,000. UMB Bank n.a. raised its position in Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock worth $47,000 after purchasing an additional 69 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Affiliated Managers Group during the 4th quarter worth about $70,000. Institutional investors and hedge funds own 95.30% of the company's stock.

Analysts Set New Price Targets

AMG has been the subject of a number of analyst reports. 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. TD Cowen lowered 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. Bank of America reduced 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 research note on Thursday, April 3rd. Finally, StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Affiliated Managers Group has an average rating of "Moderate Buy" and a consensus target price of $192.40.

Affiliated Managers Group Stock Down 0.6%

AMG stock traded down $1.18 during trading on Thursday, reaching $180.94. 234,228 shares of the stock were exchanged, compared to its average volume of 230,793. The firm's 50 day moving average is $164.45 and its 200 day moving average is $175.95. The firm has a market cap of $5.21 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06. 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 twelve month low of $139.22 and a twelve month high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results on Thursday, May 8th. The asset manager reported $5.20 earnings per share for the quarter, topping analysts' consensus estimates of $5.10 by $0.10. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. The company had revenue of $496.60 million for the quarter, compared to analyst estimates of $508.00 million. During the same period in the prior year, the firm earned $5.37 earnings per share. As a group, research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date is Monday, May 19th. Affiliated Managers Group's dividend payout ratio is currently 0.30%.

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.