Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 15.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,618 shares of the asset manager’s stock after acquiring an additional 351 shares during the period. HighTower Advisors LLC’s holdings in Affiliated Managers Group were worth $484,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in shares of 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. Private Trust Co. NA lifted its position in Affiliated Managers Group by 131.9% in the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after acquiring an additional 124 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Affiliated Managers Group in the third quarter valued at $46,000. UMB Bank n.a. grew its holdings 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 purchasing an additional 69 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Affiliated Managers Group by 68.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 826 shares of the asset manager’s stock valued at $147,000 after purchasing an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Trading Down 1.9 %

Shares of AMG stock opened at $167.44 on Monday. The company has a market capitalization of $4.90 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. 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 business’s 50 day moving average is $172.65 and its two-hundred day moving average is $180.40. 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 announced its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating 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 forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend 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 analysts recently issued reports on the company. Barrington Research upped their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.