Nomura Holdings Inc. Takes Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Nomura Holdings Inc. purchased a new stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,911 shares of the asset manager's stock, valued at approximately $1,278,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted 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. Private Trust Co. NA boosted its position in shares of Affiliated Managers Group by 131.9% during the 4th 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 in the last quarter. UMB Bank n.a. boosted its position in shares of Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock valued at $47,000 after purchasing an additional 69 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Affiliated Managers Group during the 4th quarter valued at about $70,000. Finally, Lingohr Asset Management GmbH bought a new stake in shares of Affiliated Managers Group during the 4th quarter valued at about $204,000. Institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Stock Down 0.9%

NYSE:AMG traded down $1.56 on Friday, hitting $173.94. The stock had a trading volume of 182,198 shares, compared to its average volume of 232,645. The business's fifty day moving average is $166.91 and its 200 day moving average is $175.35. The company has a market cap of $4.94 billion, a PE ratio of 11.52, a P/E/G 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. 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 earnings results on Thursday, May 8th. The asset manager reported $5.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $0.10. The company had revenue of $496.60 million for the quarter, compared to analysts' expectations 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 previous year, the firm earned $5.37 earnings per share. On average, equities research analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMG. TD Cowen cut their target price on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Bank of America cut their price target on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Cowen reiterated a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday, May 14th. Wall Street Zen upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Finally, Barrington Research cut their price target on 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 given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.