Jacobs Levy Equity Management Inc. Acquires 2,685 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Jacobs Levy Equity Management Inc. increased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 171,215 shares of the asset manager's stock after purchasing an additional 2,685 shares during the period. Jacobs Levy Equity Management Inc. owned 0.57% of Affiliated Managers Group worth $31,661,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its holdings in shares of Affiliated Managers Group by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager's stock worth $1,137,000 after acquiring an additional 55 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Affiliated Managers Group by 79.5% during the fourth 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. UMB Bank n.a. boosted its holdings in shares of Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock worth $47,000 after acquiring an additional 69 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Affiliated Managers Group by 2.5% during the fourth quarter. Cetera Investment Advisers now owns 2,898 shares of the asset manager's stock worth $536,000 after acquiring an additional 70 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Affiliated Managers Group by 1.2% during the fourth quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager's stock worth $1,553,000 after acquiring an additional 100 shares during the period. Institutional investors own 95.30% of the company's stock.

Wall Street Analyst Weigh In

AMG has been the subject of several recent research reports. StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Bank of America lowered their price target on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. TD Cowen lowered their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Finally, Barrington Research reduced their price objective on shares of 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.40.

Affiliated Managers Group Trading Down 0.5%

Affiliated Managers Group stock traded down $0.84 during trading hours on Wednesday, reaching $181.62. 265,242 shares of the company's stock were exchanged, compared to its average volume of 230,779. The firm has a market capitalization of $5.23 billion, a PE ratio of 12.03, a PEG ratio of 0.57 and a beta of 1.06. The firm's 50 day simple moving average is $164.45 and its 200 day simple moving average is $175.95. 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 twelve month low of $139.22 and a twelve month high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 25.06% and a return on equity of 16.17%. During the same quarter in the prior year, the firm earned $5.37 EPS. Research analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

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