Price T Rowe Associates Inc. MD Boosts Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Price T Rowe Associates Inc. MD raised its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 186.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,296 shares of the asset manager's stock after acquiring an additional 148,079 shares during the period. Price T Rowe Associates Inc. MD owned about 0.75% of Affiliated Managers Group worth $42,033,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Affiliated Managers Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager's stock valued at $593,935,000 after buying an additional 31,343 shares during the last quarter. Boston Partners raised its stake in shares of Affiliated Managers Group by 46.1% during the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock worth $218,975,000 after purchasing an additional 373,696 shares during the period. Channing Capital Management LLC grew its position in Affiliated Managers Group by 5.5% during the fourth quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock valued at $95,156,000 after buying an additional 26,654 shares during the period. LSV Asset Management increased its holdings 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 buying an additional 187,290 shares during the last quarter. Finally, Norges Bank purchased a new position in Affiliated Managers Group in the fourth quarter valued at about $68,683,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Trading Up 0.6 %

NYSE:AMG traded up $1.03 during midday trading on Monday, reaching $175.12. 24,146 shares of the stock traded hands, compared to its average volume of 227,791. The stock has a market capitalization of $5.04 billion, a P/E ratio of 11.60, a PEG ratio of 0.57 and a beta of 1.09. The company has a fifty day moving average of $162.28 and a 200 day moving average of $176.44. 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, Inc. has a 12 month low of $139.22 and a 12 month high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) 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%. On average, research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

AMG has been the topic of several research analyst reports. Bank of America dropped their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. TD Cowen cut their price objective on shares of 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 shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Finally, Barrington Research lowered their target price 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.40.

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.