US Bancorp DE Has $632,000 Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

US Bancorp DE lowered its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 4.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,416 shares of the asset manager’s stock after selling 169 shares during the period. US Bancorp DE’s holdings in Affiliated Managers Group were worth $632,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of AMG. Fisher Asset Management LLC raised its stake in Affiliated Managers Group by 84.3% during the fourth quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager’s stock worth $28,886,000 after acquiring an additional 71,458 shares in the last quarter. SVB Wealth LLC acquired a new position in Affiliated Managers Group in the 4th quarter worth about $209,000. Private Trust Co. NA raised 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 purchasing an additional 124 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Affiliated Managers Group during the fourth quarter valued at about $220,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Affiliated Managers Group during the fourth quarter valued at about $4,377,000. 95.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMG has been the subject of several recent research reports. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 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. Finally, Barrington Research boosted their price objective on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $198.40.

Affiliated Managers Group Stock Up 3.8 %

Affiliated Managers Group stock opened at $160.48 on Wednesday. The firm has a 50 day moving average price of $176.73 and a two-hundred day moving average price of $180.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. Affiliated Managers Group, Inc. has a 52-week low of $147.13 and a 52-week high of $199.52. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last released 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 net margin of 25.06% and a return on equity of 16.17%. Equities analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The firm 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 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%.

Affiliated Managers Group 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.