Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 4.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 118,627 shares of the asset manager’s stock after buying an additional 5,436 shares during the quarter. Victory Capital Management Inc.’s holdings in Affiliated Managers Group were worth $21,937,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AMG. Charles Schwab Investment Management Inc. boosted its stake in shares of Affiliated Managers Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock worth $61,228,000 after acquiring an additional 2,264 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Affiliated Managers Group by 4.0% in the 4th quarter. New York State Common Retirement Fund now owns 192,524 shares of the asset manager’s stock valued at $35,602,000 after purchasing an additional 7,377 shares during the period. Empirical Asset Management LLC increased its stake in Affiliated Managers Group by 10,522.8% in the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock worth $347,000 after purchasing an additional 188,568 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Affiliated Managers Group by 84.3% during the 4th quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager’s stock worth $28,886,000 after buying an additional 71,458 shares during the period. Finally, Basswood Capital Management L.L.C. lifted its stake in Affiliated Managers Group by 22.7% during the third quarter. Basswood Capital Management L.L.C. now owns 131,981 shares of the asset manager’s stock valued at $23,466,000 after buying an additional 24,379 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMG shares. Barrington Research boosted their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group lowered 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 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 presently has an average rating of “Moderate Buy” and an average target price of $198.40.

Affiliated Managers Group Trading Up 3.8 %

Affiliated Managers Group stock opened at $160.48 on Wednesday. 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 12 month low of $147.13 and a 12 month high of $199.52. The company’s fifty day simple moving average is $176.73 and its 200-day simple moving average is $180.59. The stock has a market cap of $4.70 billion, a P/E ratio of 10.63, a P/E/G ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping 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 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio 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.