Assetmark Inc. Acquires 209 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Assetmark Inc. grew its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 0.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,717 shares of the asset manager’s stock after buying an additional 209 shares during the period. Assetmark Inc.’s holdings in Affiliated Managers Group were worth $5,310,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AMG. Empirical Asset Management LLC grew its stake in shares of Affiliated Managers Group by 10,522.8% during 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 during the last quarter. Goodman Financial Corp bought a new position in shares of Affiliated Managers Group during the third quarter valued at approximately $14,035,000. Fisher Asset Management LLC grew its stake in shares of Affiliated Managers Group by 84.3% during the fourth quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager’s stock valued at $28,886,000 after buying an additional 71,458 shares during the last quarter. Barclays PLC boosted its holdings in shares of Affiliated Managers Group by 261.0% in the third quarter. Barclays PLC now owns 76,488 shares of the asset manager’s stock valued at $13,600,000 after purchasing an additional 55,302 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of Affiliated Managers Group by 328.2% in the third quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager’s stock valued at $12,420,000 after purchasing an additional 54,003 shares during the period. Institutional investors own 95.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group lowered 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. Finally, Barrington Research boosted their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $198.40.

Affiliated Managers Group Stock Down 1.3 %

Affiliated Managers Group stock opened at $159.60 on Friday. The business has a fifty day moving average of $177.82 and a two-hundred day moving average of $180.75. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm has a market cap of $4.67 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping analysts’ consensus estimates 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, 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 declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s payout ratio 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.