Allspring Global Investments Holdings LLC Increases Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Allspring Global Investments Holdings LLC increased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 43.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,133 shares of the asset manager’s stock after acquiring an additional 344 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Affiliated Managers Group were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMG. Louisiana State Employees Retirement System increased its holdings in shares of Affiliated Managers Group by 1.2% in the fourth quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager’s stock worth $1,553,000 after purchasing an additional 100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Affiliated Managers Group during the fourth quarter worth about $2,136,000. Retirement Systems of Alabama grew its position in Affiliated Managers Group by 0.5% during the fourth quarter. Retirement Systems of Alabama now owns 99,237 shares of the asset manager’s stock worth $18,351,000 after buying an additional 535 shares in the last quarter. Moody Aldrich Partners LLC bought a new position in Affiliated Managers Group in the 4th quarter worth about $2,025,000. Finally, KBC Group NV raised its holdings in shares of Affiliated Managers Group by 26.9% in the 4th quarter. KBC Group NV now owns 1,244 shares of the asset manager’s stock valued at $230,000 after acquiring an additional 264 shares in the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Affiliated Managers Group Trading Down 0.0 %

Shares of NYSE AMG opened at $165.83 on Wednesday. Affiliated Managers Group, Inc. has a 1 year low of $147.13 and a 1 year high of $199.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The firm has a 50-day moving average of $180.95 and a 200 day moving average of $181.07. The stock has a market cap of $4.85 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. As a group, sell-side analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

Analysts Set New Price Targets

AMG has been the subject of a number of research analyst reports. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their target price on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Barrington Research upped their price objective on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research note 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Affiliated Managers Group currently 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.