Pinebridge Investments L.P. Purchases 3,846 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Pinebridge Investments L.P. boosted its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,857 shares of the asset manager's stock after purchasing an additional 3,846 shares during the period. Pinebridge Investments L.P.'s holdings in Affiliated Managers Group were worth $2,378,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMG. Oregon Public Employees Retirement Fund increased its holdings in shares of 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 valued at $1,137,000 after acquiring an additional 55 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Affiliated Managers Group by 79.5% in the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock worth $26,000 after buying an additional 62 shares during the last quarter. UMB Bank n.a. grew its stake in Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock valued at $47,000 after buying an additional 69 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Affiliated Managers Group by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 888 shares of the asset manager's stock worth $164,000 after purchasing an additional 94 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Affiliated Managers Group by 1.2% in the fourth 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 during the period. Hedge funds and other institutional investors own 95.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on AMG shares. Barrington Research reduced their target price on 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. 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. The Goldman Sachs Group lowered Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Finally, Bank of America dropped their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.40.

Affiliated Managers Group Stock Performance

NYSE AMG traded up $5.45 on Friday, hitting $172.37. 64,193 shares of the stock were exchanged, compared to its average volume of 233,223. The company has a market capitalization of $4.96 billion, a PE 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 current ratio of 2.13 and a quick ratio of 2.13. The business's fifty day moving average is $162.11 and its 200 day moving average is $176.81. Affiliated Managers Group, Inc. has a 52 week low of $139.22 and a 52 week high of $199.52.

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

Affiliated Managers Group Dividend Announcement

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

Affiliated Managers Group Company 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.