Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,618 shares of the asset manager’s stock after purchasing an additional 351 shares during the period. HighTower Advisors LLC’s holdings in Affiliated Managers Group were worth $484,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AMG. Empirical Asset Management LLC increased its holdings in Affiliated Managers Group by 10,522.8% in the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after buying an additional 188,568 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Affiliated Managers Group during the fourth quarter worth $28,818,000. Fisher Asset Management LLC grew its holdings in Affiliated Managers Group by 84.3% in the fourth quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager’s stock valued at $28,886,000 after purchasing an additional 71,458 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Affiliated Managers Group in the fourth quarter valued at $13,135,000. Finally, Barclays PLC raised its stake in shares of Affiliated Managers Group by 261.0% during the 3rd quarter. Barclays PLC now owns 76,488 shares of the asset manager’s stock worth $13,600,000 after buying an additional 55,302 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AMG shares. Barrington Research increased their price objective on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $193.00 to $191.00 in a report on Monday, January 6th. Finally, StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $198.40.

Affiliated Managers Group Trading Down 1.9 %

Shares of AMG stock opened at $167.44 on Monday. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.57 and a beta of 1.18. The firm has a 50-day moving average price of $172.65 and a 200 day moving average price of $180.40. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating 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%. Research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is 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.