Schroder Investment Management Group Acquires Shares of 24,989 Affiliated Managers Group, Inc. (NYSE:AMG)

Schroder Investment Management Group bought a new position in Affiliated Managers Group, Inc. (NYSE:AMG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,989 shares of the asset manager’s stock, valued at approximately $4,629,000. Schroder Investment Management Group owned approximately 0.08% of Affiliated Managers Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its holdings in Affiliated Managers Group by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager’s stock valued at $1,137,000 after acquiring an additional 55 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Affiliated Managers Group by 79.5% in the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after purchasing an additional 62 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Affiliated Managers Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after buying an additional 69 shares in the last quarter. GAMMA Investing LLC boosted its stake in Affiliated Managers Group by 11.8% during the fourth quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock valued at $164,000 after buying an additional 94 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in Affiliated Managers Group by 1.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager’s stock valued at $1,553,000 after buying an additional 100 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Down 6.0 %

NYSE AMG opened at $148.52 on Friday. 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 52 week low of $146.61 and a 52 week high of $199.52. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 0.57 and a beta of 1.18. The company has a fifty day moving average of $170.28 and a two-hundred day moving average of $180.06.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS 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%. On average, analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.03%. Affiliated Managers Group’s payout ratio is 0.26%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AMG shares. Barrington Research upped their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Bank of America decreased their price target on shares of Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a research note on Thursday. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $193.00 to $191.00 in a research note on Monday, January 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $197.20.

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.