Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP boosted its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 69.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,571 shares of the asset manager's stock after buying an additional 89,395 shares during the quarter. First Trust Advisors LP owned approximately 0.72% of Affiliated Managers Group worth $40,233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMG. Vanguard Group Inc. grew its holdings in Affiliated Managers Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager's stock valued at $593,935,000 after purchasing an additional 31,343 shares during the period. Boston Partners grew its stake in Affiliated Managers Group by 46.1% in the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock valued at $218,975,000 after acquiring an additional 373,696 shares during the period. Channing Capital Management LLC increased its holdings 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 acquiring an additional 26,654 shares in the last quarter. LSV Asset Management raised its position in Affiliated Managers Group by 79.1% during the fourth quarter. LSV Asset Management now owns 423,994 shares of the asset manager's stock worth $78,405,000 after acquiring an additional 187,290 shares during the period. Finally, Norges Bank purchased a new position in Affiliated Managers Group during the fourth quarter valued at $68,683,000. Hedge funds and other institutional investors own 95.30% of the company's stock.

Wall Street Analyst Weigh In

AMG has been the subject of a number of research reports. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and reduced their target price for the company from $193.00 to $191.00 in a report on Monday, January 6th. Barrington Research decreased their target price on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Bank of America reduced their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, TD Cowen decreased their price objective on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $192.40.

Affiliated Managers Group Price Performance

Shares of AMG stock traded up $0.37 during trading hours on Wednesday, reaching $165.60. The company had a trading volume of 192,174 shares, compared to its average volume of 235,109. Affiliated Managers Group, Inc. has a 12-month low of $139.22 and a 12-month high of $199.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.57 and a beta of 1.09. The stock has a fifty day moving average of $162.08 and a 200-day moving average of $176.96.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. On average, equities analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.26%.

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.