Affiliated Managers Group, Inc. (NYSE:AMG) Holdings Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,627 shares of the asset manager’s stock after purchasing an additional 5,436 shares during the quarter. Victory Capital Management Inc. owned approximately 0.39% of Affiliated Managers Group worth $21,937,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp grew its stake in Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after buying an additional 62 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Affiliated Managers Group during the third quarter valued at $30,000. Private Trust Co. NA grew its position in shares of Affiliated Managers Group by 131.9% during the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock worth $40,000 after acquiring an additional 124 shares during the last quarter. UMB Bank n.a. grew its position in shares of Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after acquiring an additional 69 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Affiliated Managers Group in the 3rd quarter worth about $46,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Trading Up 3.8 %

Shares of NYSE:AMG opened at $160.48 on Wednesday. The company has a 50 day moving average of $176.73 and a 200-day moving average of $180.59. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm has a market cap of $4.70 billion, a P/E ratio of 10.63, 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 released 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%. As a group, analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is currently 0.26%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMG. Barrington Research boosted their target price 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. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and an average price target of $198.40.

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.