Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 331,106 shares of the asset manager’s stock after purchasing an additional 2,264 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.10% of Affiliated Managers Group worth $61,228,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMG. Empirical Asset Management LLC boosted its stake in shares of 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 in the last quarter. Goodman Financial Corp purchased a new stake in shares of Affiliated Managers Group in the third quarter valued at approximately $14,035,000. Fisher Asset Management LLC boosted its stake 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 buying an additional 71,458 shares in the last quarter. Barclays PLC boosted its stake in shares of Affiliated Managers Group by 261.0% in the third quarter. Barclays PLC now owns 76,488 shares of the asset manager’s stock valued at $13,600,000 after buying an additional 55,302 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Affiliated Managers Group by 328.2% in the third quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager’s stock valued at $12,420,000 after buying an additional 54,003 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMG. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Barrington Research boosted their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, StockNews.com upgraded 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $198.40.

Affiliated Managers Group Stock Performance

NYSE AMG opened at $161.84 on Thursday. Affiliated Managers Group, Inc. has a fifty-two week low of $147.13 and a fifty-two week high of $199.52. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The business has a fifty day moving average of $176.73 and a 200-day moving average of $180.59. 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 released its quarterly 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 predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal 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 issued a $0.01 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is 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.