Proficio Capital Partners LLC Acquires Shares of 23,670 Affiliated Managers Group, Inc. (NYSE:AMG)

Proficio Capital Partners LLC bought a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,670 shares of the asset manager’s stock, valued at approximately $4,377,000. Proficio Capital Partners LLC owned approximately 0.08% of Affiliated Managers Group as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Affiliated Managers Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock worth $61,228,000 after acquiring an additional 2,264 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Affiliated Managers Group by 4.0% during the 4th quarter. New York State Common Retirement Fund now owns 192,524 shares of the asset manager’s stock worth $35,602,000 after purchasing an additional 7,377 shares during the last quarter. Empirical Asset Management LLC boosted its holdings in shares of Affiliated Managers Group by 10,522.8% during the 4th 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 during the last quarter. Fisher Asset Management LLC grew its position in shares of 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 in the last quarter. Finally, Basswood Capital Management L.L.C. increased its holdings in shares of Affiliated Managers Group by 22.7% in the third quarter. Basswood Capital Management L.L.C. now owns 131,981 shares of the asset manager’s stock valued at $23,466,000 after purchasing an additional 24,379 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Price Performance

NYSE:AMG opened at $165.32 on Tuesday. Affiliated Managers Group, Inc. has a 52 week low of $147.13 and a 52 week high of $199.52. The stock’s fifty day moving average is $174.82 and its two-hundred day moving average is $180.30. The company has a market capitalization of $4.84 billion, a P/E ratio of 10.95, a P/E/G ratio of 0.57 and a beta of 1.18. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61.

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

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.26%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $193.00 to $191.00 in a report on Monday, January 6th. Barrington Research boosted their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Affiliated Managers Group has an average rating of “Moderate Buy” and a consensus target price 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.