Public Employees Retirement System of Ohio Invests $6.19 Million in Affiliated Managers Group, Inc. (NYSE:AMG)

Public Employees Retirement System of Ohio purchased a new stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 33,465 shares of the asset manager's stock, valued at approximately $6,188,000. Public Employees Retirement System of Ohio owned about 0.11% of Affiliated Managers Group as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp raised 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 purchasing an additional 62 shares during the last quarter. Private Trust Co. NA raised its holdings in Affiliated Managers Group by 131.9% during the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock worth $40,000 after purchasing an additional 124 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Affiliated Managers Group during the 4th quarter worth about $70,000. Lingohr Asset Management GmbH bought a new stake in Affiliated Managers Group during the 4th quarter worth about $204,000. Finally, SVB Wealth LLC acquired a new position in shares of Affiliated Managers Group during the 4th quarter worth about $209,000. 95.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barrington Research decreased their price objective on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. TD Cowen reduced their price target on 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. Cowen reaffirmed a "hold" rating on shares of Affiliated Managers Group in a research report on Wednesday, May 14th. Wall Street Zen raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $192.40.

Affiliated Managers Group Trading Down 0.8%

NYSE AMG traded down $1.34 on Friday, hitting $175.95. The company's stock had a trading volume of 281,328 shares, compared to its average volume of 233,282. 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 1-year low of $139.22 and a 1-year high of $199.52. The company's 50-day moving average is $167.41 and its 200 day moving average is $174.94. The firm has a market cap of $5.00 billion, a PE ratio of 11.65, a PEG ratio of 0.57 and a beta of 1.06.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, beating analysts' consensus estimates of $5.10 by $0.10. The company had revenue of $496.60 million for 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 in the prior year, the firm posted $5.37 EPS. As a group, 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, May 19th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group's payout ratio is 0.30%.

Affiliated Managers Group Company 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.