Thrivent Financial for Lutherans Has $1.32 Million Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Thrivent Financial for Lutherans lifted its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,112 shares of the asset manager’s stock after buying an additional 108 shares during the period. Thrivent Financial for Lutherans’ holdings in Affiliated Managers Group were worth $1,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. World Investment Advisors LLC acquired a new stake in Affiliated Managers Group during the third quarter worth approximately $2,592,000. Charles Schwab Investment Management Inc. boosted its stake in Affiliated Managers Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock valued at $61,228,000 after acquiring an additional 2,264 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Affiliated Managers Group during the 3rd quarter valued at $543,000. Empirical Asset Management LLC increased its stake in shares of 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 worth $347,000 after purchasing an additional 188,568 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Affiliated Managers Group by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager’s stock worth $21,937,000 after acquiring an additional 5,436 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMG has been the topic of several recent analyst reports. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $193.00 to $191.00 in a report on Monday, January 6th. Barrington Research lifted their target price on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Three equities research 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 an average rating of “Moderate Buy” and a consensus target price of $198.40.

Affiliated Managers Group Trading Up 0.5 %

Shares of NYSE AMG opened at $168.03 on Tuesday. Affiliated Managers Group, Inc. has a 1-year low of $147.13 and a 1-year high of $199.52. The business has a fifty day moving average price of $172.27 and a 200 day moving average price of $180.41. 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 stock has a market capitalization of $4.92 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

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

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) 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.