Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 43,898 Affiliated Managers Group, Inc. (NYSE:AMG)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 43,898 shares of the asset manager's stock, valued at approximately $8,118,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.15% of Affiliated Managers Group at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AMG. Charles Schwab Investment Management Inc. increased its position in Affiliated Managers Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock worth $61,228,000 after buying an additional 2,264 shares during the period. Dodge & Cox acquired a new position in shares of Affiliated Managers Group in the fourth quarter valued at about $1,202,000. Victory Capital Management Inc. increased its position in Affiliated Managers Group by 4.8% during the fourth quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager's stock worth $21,937,000 after acquiring an additional 5,436 shares during the period. Channing Capital Management LLC raised its stake in Affiliated Managers Group by 5.5% in the 4th quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock worth $95,156,000 after purchasing an additional 26,654 shares in the last quarter. Finally, Vestcor Inc bought a new stake in Affiliated Managers Group in the 4th quarter valued at about $415,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Trading Down 0.3%

NYSE AMG traded down $0.59 during trading hours on Wednesday, reaching $179.75. The company's stock had a trading volume of 156,333 shares, compared to its average volume of 233,593. The stock has a market cap of $5.11 billion, a P/E ratio of 11.90, 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 firm has a fifty day simple moving average of $167.99 and a 200-day simple moving average of $174.96.

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 for the quarter, topping analysts' consensus estimates of $5.10 by $0.10. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. The business had revenue of $496.60 million during the quarter, compared to the consensus estimate of $508.00 million. During the same quarter last year, the firm earned $5.37 earnings per share. Equities analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Saturday. TD Cowen cut their target price 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. Bank of America decreased their price target on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Barrington Research cut their price objective on shares of 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. Finally, Cowen reissued a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average 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.