Allspring Global Investments Holdings LLC Has $212,000 Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Allspring Global Investments Holdings LLC lifted its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 43.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,133 shares of the asset manager’s stock after acquiring an additional 344 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Affiliated Managers Group were worth $212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMG. Empirical Asset Management LLC lifted its holdings in Affiliated Managers Group by 10,522.8% in 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 period. New York State Common Retirement Fund grew its position in shares of Affiliated Managers Group by 6.7% during the 3rd quarter. New York State Common Retirement Fund now owns 185,147 shares of the asset manager’s stock worth $32,919,000 after buying an additional 11,565 shares during the period. Basswood Capital Management L.L.C. increased its stake in shares of Affiliated Managers Group by 22.7% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 131,981 shares of the asset manager’s stock valued at $23,466,000 after acquiring an additional 24,379 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Affiliated Managers Group by 13.9% in the 3rd quarter. Victory Capital Management Inc. now owns 113,191 shares of the asset manager’s stock valued at $20,125,000 after acquiring an additional 13,784 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Affiliated Managers Group by 18.3% during the third quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager’s stock worth $19,363,000 after acquiring an additional 15,746 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Performance

Shares of AMG opened at $165.83 on Wednesday. The stock has a 50 day moving average of $180.95 and a 200 day moving average of $181.07. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.57 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results 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 return on equity of 16.17% and a net margin of 25.06%. As a group, sell-side analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend is Tuesday, February 18th. Affiliated Managers Group’s payout ratio is 0.26%.

Wall Street Analyst Weigh In

AMG has been the topic of several recent research reports. TD Cowen lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. Barrington Research increased their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price target 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 company. According to MarketBeat.com, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and an average target price of $198.40.

About Affiliated Managers Group

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.