UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $25.05 Million Position in Affiliated Managers Group, Inc. (NYSE:AMG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 210.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,471 shares of the asset manager's stock after acquiring an additional 91,819 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.45% of Affiliated Managers Group worth $25,051,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake 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 during the period. Private Trust Co. NA increased its stake 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 acquiring an additional 124 shares during the period. New Age Alpha Advisors LLC bought a new position in Affiliated Managers Group during the 4th quarter worth $70,000. Lingohr Asset Management GmbH bought a new position in Affiliated Managers Group during the 4th quarter worth $204,000. Finally, SVB Wealth LLC bought a new position in Affiliated Managers Group during the 4th quarter worth $209,000. Institutional investors own 95.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Bank of America lowered their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Barrington Research decreased their price target on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Cowen reiterated a "hold" rating on shares of Affiliated Managers Group in a research note on Wednesday, May 14th. TD Cowen decreased their price target on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Wall Street Zen upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Saturday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $192.40.

Affiliated Managers Group Price Performance

AMG stock traded down $1.34 during midday trading on Friday, reaching $175.95. 281,328 shares of the stock were exchanged, compared to its average volume of 233,282. The stock has a market capitalization of $5.00 billion, a PE ratio of 11.65, a P/E/G ratio of 0.57 and a beta of 1.06. Affiliated Managers Group, Inc. has a 52 week low of $139.22 and a 52 week high of $199.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The company has a fifty day moving average price of $167.41 and a 200 day moving average price of $174.94.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 earnings per share for the quarter, topping analysts' consensus estimates of $5.10 by $0.10. The business had revenue of $496.60 million for 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 previous year, the company posted $5.37 EPS. As a group, analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

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

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.