Affiliated Managers Group, Inc. (NYSE:AMG) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 0.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 69,283 shares of the asset manager’s stock after buying an additional 140 shares during the quarter. Principal Financial Group Inc.’s holdings in Affiliated Managers Group were worth $12,812,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Affiliated Managers Group during the third quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Affiliated Managers Group during the third quarter valued at approximately $46,000. Prospera Private Wealth LLC acquired a new stake in shares of Affiliated Managers Group during the 3rd quarter worth approximately $47,000. UMB Bank n.a. lifted its holdings in shares of Affiliated Managers Group by 37.1% in the 4th 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, Brooklyn Investment Group bought a new stake in shares of Affiliated Managers Group in the 3rd quarter worth approximately $49,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Price Performance

Shares of NYSE AMG opened at $167.40 on Friday. The firm’s 50-day simple moving average is $180.49 and its 200 day simple moving average is $180.89. The stock has a market cap of $4.90 billion, a P/E ratio of 11.09, a P/E/G ratio of 0.57 and a beta of 1.15. 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, Inc. has a fifty-two week low of $147.13 and a fifty-two week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued 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 net margin of 25.06% and a return on equity of 16.17%. Equities analysts expect 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 will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s payout ratio is currently 0.26%.

Analyst Ratings Changes

AMG has been the topic of several analyst reports. 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 research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upped their price target 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. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $193.00 to $191.00 in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.40.

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.