MetLife Investment Management LLC Purchases 1,586 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

MetLife Investment Management LLC raised its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,022 shares of the asset manager's stock after acquiring an additional 1,586 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Affiliated Managers Group worth $3,148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its holdings in Affiliated Managers Group by 0.9% during the 4th 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 last quarter. Jones Financial Companies Lllp raised its position 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 last quarter. UMB Bank n.a. lifted its position in shares of Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock worth $47,000 after purchasing an additional 69 shares during the period. GAMMA Investing LLC increased its holdings in Affiliated Managers Group by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 888 shares of the asset manager's stock worth $164,000 after purchasing an additional 94 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Affiliated Managers Group by 1.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager's stock valued at $1,553,000 after acquiring an additional 100 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMG. The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Bank of America lowered their target price 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 reduced their price target 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. StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Finally, TD Cowen lowered their target price on shares of 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $192.40.

Affiliated Managers Group Stock Performance

Shares of Affiliated Managers Group stock traded up $5.56 during mid-day trading on Friday, hitting $172.48. 31,804 shares of the stock were exchanged, compared to its average volume of 233,178. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $199.52. The company has a 50-day simple moving average of $162.11 and a 200 day simple moving average of $176.81. The company has a market capitalization of $4.96 billion, a P/E ratio of 11.42, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

Affiliated Managers Group 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.