Voya Investment Management LLC raised its holdings in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 124.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,858 shares of the asset manager's stock after buying an additional 10,450 shares during the quarter. Voya Investment Management LLC owned approximately 0.06% of Affiliated Managers Group worth $3,487,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Boston Partners boosted its position in shares of Affiliated Managers Group by 46.1% in the fourth quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock worth $218,975,000 after acquiring an additional 373,696 shares during the last quarter. Norges Bank acquired a new position in shares of Affiliated Managers Group in the 4th quarter valued at $68,683,000. Empirical Asset Management LLC boosted its holdings in shares of Affiliated Managers Group by 10,522.8% in the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock valued at $347,000 after purchasing an additional 188,568 shares during the last quarter. LSV Asset Management grew its stake in shares of Affiliated Managers Group by 79.1% during the 4th quarter. LSV Asset Management now owns 423,994 shares of the asset manager's stock valued at $78,405,000 after buying an additional 187,290 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Affiliated Managers Group in the 4th quarter worth $28,818,000. Institutional investors and hedge funds own 95.30% of the company's stock.
Affiliated Managers Group Stock Up 0.8 %
Affiliated Managers Group stock traded up $1.32 during midday trading on Wednesday, hitting $173.91. 18,095 shares of the company were exchanged, compared to its average volume of 229,377. The company has a market cap of $5.01 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52. The company's fifty day moving average price is $162.50 and its 200-day moving average price is $176.26. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13.
Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping analysts' consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. On average, research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.
Affiliated Managers Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.01 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group's payout ratio is currently 0.26%.
Wall Street Analyst Weigh In
AMG has been the subject of a number of research reports. Bank of America lowered their price target on 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. StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Barrington Research dropped their target price 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. Finally, TD Cowen reduced their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Affiliated Managers Group has an average rating of "Moderate Buy" and an average price target of $192.40.
Check Out Our Latest Research Report on Affiliated Managers Group
About Affiliated Managers Group
(
Free Report)
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.
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