Mackenzie Financial Corp Grows Stake in Affiliated Managers Group, Inc. (NYSE:AMG)

Mackenzie Financial Corp boosted its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 50.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,834 shares of the asset manager's stock after buying an additional 2,642 shares during the quarter. Mackenzie Financial Corp's holdings in Affiliated Managers Group were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its stake in Affiliated Managers Group by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager's stock valued at $1,137,000 after acquiring an additional 55 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Affiliated Managers Group by 2.5% during the 4th quarter. Cetera Investment Advisers now owns 2,898 shares of the asset manager's stock valued at $536,000 after purchasing an additional 70 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Affiliated Managers Group by 1.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager's stock valued at $1,553,000 after purchasing an additional 100 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Affiliated Managers Group by 1.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,675 shares of the asset manager's stock valued at $1,234,000 after purchasing an additional 103 shares in the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Trading Down 0.1%

AMG stock traded down $0.24 during trading on Tuesday, hitting $179.71. 101,887 shares of the company traded hands, compared to its average volume of 240,070. The firm has a market capitalization of $5.11 billion, a PE ratio of 11.90, a P/E/G ratio of 0.57 and a beta of 1.06. Affiliated Managers Group, Inc. has a 1 year low of $139.22 and a 1 year high of $199.52. The company has a 50-day moving average of $167.55 and a 200-day moving average of $174.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 16.17% and a net margin of 25.06%. During the same quarter in the prior year, the firm posted $5.37 earnings per share. Analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMG. Bank of America cut their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. TD Cowen cut their target price on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Barrington Research cut 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. Cowen reiterated a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday, May 14th. Finally, Wall Street Zen raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Saturday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.