Focus Partners Wealth Makes New Investment in Affiliated Managers Group, Inc. (NYSE:AMG)

Focus Partners Wealth bought a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,695 shares of the asset manager's stock, valued at approximately $683,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock worth $26,000 after acquiring an additional 62 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock valued at $40,000 after buying an additional 124 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock valued at $47,000 after buying an additional 69 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Affiliated Managers Group in the 4th quarter valued at about $70,000. Finally, Lingohr Asset Management GmbH bought a new stake in shares of Affiliated Managers Group in the 4th quarter valued at about $204,000. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Stock Performance

Shares of Affiliated Managers Group stock opened at $182.26 on Tuesday. The firm has a market capitalization of $5.18 billion, a P/E ratio of 12.07, a PEG ratio of 0.57 and a beta of 1.06. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $165.84 and a 200 day moving average price of $175.42. Affiliated Managers Group, Inc. has a 52 week low of $139.22 and a 52 week high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, beating the consensus estimate of $5.10 by $0.10. The firm had revenue of $496.60 million during the quarter, compared to analyst estimates of $508.00 million. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. During the same period last year, the firm posted $5.37 EPS. Sell-side analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently weighed in on AMG. Bank of America lowered their price target on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. TD Cowen lowered their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Cowen restated a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday, May 14th. StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Finally, Barrington Research lowered their price target on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Affiliated Managers Group presently has a consensus rating of "Hold" and an average price target of $192.40.

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.

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