Jefferies Financial Group Inc. Invests $405,000 in Affiliated Managers Group, Inc. (NYSE:AMG)

Jefferies Financial Group Inc. acquired a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,411 shares of the asset manager's stock, valued at approximately $405,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Millstone Evans Group LLC lifted its holdings in shares of Affiliated Managers Group by 154.5% in the 1st quarter. Millstone Evans Group LLC now owns 168 shares of the asset manager's stock worth $28,000 after acquiring an additional 102 shares during the last quarter. Versant Capital Management Inc raised its position in Affiliated Managers Group by 70.8% in the 1st quarter. Versant Capital Management Inc now owns 181 shares of the asset manager's stock worth $30,000 after purchasing an additional 75 shares during the period. Private Trust Co. NA lifted its stake in Affiliated Managers Group by 38.1% in the first quarter. Private Trust Co. NA now owns 301 shares of the asset manager's stock worth $51,000 after purchasing an additional 83 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Affiliated Managers Group during the first quarter valued at approximately $56,000. Finally, Rossby Financial LCC purchased a new position in shares of Affiliated Managers Group during the first quarter valued at approximately $56,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock traded up $1.82 during midday trading on Friday, hitting $211.58. 102,738 shares of the company's stock were exchanged, compared to its average volume of 186,600. The company has a market cap of $6.02 billion, a PE ratio of 15.44, a P/E/G ratio of 0.60 and a beta of 1.14. The firm has a 50-day moving average of $197.99 and a two-hundred day moving average of $179.37. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $220.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $5.26 by $0.13. The firm had revenue of $493.20 million for the quarter, compared to the consensus estimate of $506.46 million. Affiliated Managers Group had a net margin of 21.79% and a return on equity of 16.03%. The company's quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $4.67 earnings per share. As a group, equities analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Monday, August 11th will be issued a $0.01 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. Affiliated Managers Group's dividend payout ratio (DPR) is currently 0.29%.

Analysts Set New Price Targets

Several analysts have recently weighed in on AMG shares. Cowen upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Monday, August 4th. The Goldman Sachs Group upgraded shares of Affiliated Managers Group from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $197.00 to $218.00 in a report on Friday, June 27th. TD Cowen raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $214.00 to $255.00 in a research report on Monday, August 4th. Wall Street Zen lowered shares of Affiliated Managers Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Barrington Research reiterated an "outperform" rating and issued a $200.00 price target on shares of Affiliated Managers Group in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Affiliated Managers Group currently has an average rating of "Moderate Buy" and a consensus target price of $215.20.

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.