Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by Xponance Inc.

Xponance Inc. boosted its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 3.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,759 shares of the asset manager’s stock after purchasing an additional 132 shares during the period. Xponance Inc.’s holdings in Affiliated Managers Group were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its position in shares of Affiliated Managers Group by 79.5% during the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after acquiring an additional 62 shares during the last quarter. Private Trust Co. NA grew its position in Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock worth $40,000 after purchasing an additional 124 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Affiliated Managers Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 69 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Affiliated Managers Group during the third quarter valued at approximately $46,000. Finally, Brooklyn Investment Group acquired a new position in shares of Affiliated Managers Group during the third quarter worth approximately $49,000. 95.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMG. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, Barrington Research upped their price objective on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock 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 company’s stock. Based on data from MarketBeat, Affiliated Managers Group has an average rating of “Moderate Buy” and an average target price of $198.40.

Affiliated Managers Group Stock Up 2.2 %

Shares of AMG stock opened at $171.89 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market cap of $5.03 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The business’s fifty day moving average is $173.80 and its 200-day moving average is $180.23. Affiliated Managers Group, Inc. has a 1 year low of $147.13 and a 1 year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Equities analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 yield of 0.02%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group’s payout ratio is 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.