Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by Goodman Financial Corp

Goodman Financial Corp lifted its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,806 shares of the asset manager's stock after buying an additional 1,301 shares during the period. Affiliated Managers Group makes up approximately 2.9% of Goodman Financial Corp's holdings, making the stock its 13th largest position. Goodman Financial Corp owned approximately 0.28% of Affiliated Managers Group worth $13,578,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. LSV Asset Management lifted its holdings in shares of 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 during the period. Norges Bank acquired a new stake in shares of Affiliated Managers Group in the fourth quarter valued at about $68,683,000. Northern Trust Corp boosted its holdings in Affiliated Managers Group by 8.4% during the fourth quarter. Northern Trust Corp now owns 349,611 shares of the asset manager's stock worth $64,650,000 after buying an additional 26,990 shares in the last quarter. Millennium Management LLC boosted its holdings in Affiliated Managers Group by 119.2% during the fourth quarter. Millennium Management LLC now owns 305,497 shares of the asset manager's stock worth $56,493,000 after buying an additional 166,144 shares in the last quarter. Finally, Invesco Ltd. grew its position in Affiliated Managers Group by 3.7% during the fourth quarter. Invesco Ltd. now owns 267,786 shares of the asset manager's stock worth $49,519,000 after buying an additional 9,625 shares during the period. Hedge funds and other institutional investors own 95.30% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMG. Barrington Research reissued an "outperform" rating and set a $200.00 price objective on shares of Affiliated Managers Group in a research note on Tuesday, July 29th. Wall Street Zen downgraded Affiliated Managers Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. The Goldman Sachs Group raised Affiliated Managers Group from a "neutral" rating to a "buy" rating and increased their price objective for the company from $197.00 to $218.00 in a research note on Friday, June 27th. Cowen reissued a "hold" rating on shares of Affiliated Managers Group in a research note on Monday, July 28th. Finally, TD Cowen reduced their price objective on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Affiliated Managers Group has an average rating of "Hold" and a consensus target price of $197.80.

Affiliated Managers Group Price Performance

AMG stock traded down $3.04 on Friday, hitting $206.83. 197,074 shares of the company were exchanged, compared to its average volume of 188,276. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month high of $220.00. The business's fifty day moving average is $194.32 and its two-hundred day moving average is $178.49. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 0.63 and a beta of 1.14.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The asset manager reported $5.39 earnings per share for the quarter, beating the consensus estimate of $5.26 by $0.13. Affiliated Managers Group had a return on equity of 16.03% and a net margin of 21.79%. The business had revenue of $493.20 million for the quarter, compared to analyst estimates of $506.46 million. During the same period in the previous year, the company posted $4.67 EPS. The company's revenue was down 1.4% compared to the same quarter last year. Equities research analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Monday, August 11th will be paid a $0.01 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Affiliated Managers Group's dividend payout ratio is 0.29%.

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.