LPL Financial LLC Acquires 933 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

LPL Financial LLC boosted its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,502 shares of the asset manager’s stock after purchasing an additional 933 shares during the quarter. LPL Financial LLC’s holdings in Affiliated Managers Group were worth $833,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMG. Jones Financial Companies Lllp grew its position in shares of Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after buying an additional 62 shares during the period. Private Trust Co. NA boosted its stake in Affiliated Managers Group by 131.9% during the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock worth $40,000 after acquiring an additional 124 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Affiliated Managers Group in the third quarter worth $46,000. UMB Bank n.a. grew its stake 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 valued at $47,000 after buying an additional 69 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 94 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Down 1.6 %

AMG stock opened at $153.61 on Tuesday. The stock has a market cap of $4.42 billion, a P/E ratio of 10.17, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $163.01 and its two-hundred day simple moving average is $177.90. Affiliated Managers Group, Inc. has a 1-year low of $139.22 and a 1-year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted 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%. Analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.26%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Bank of America lowered their price objective on shares of Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. The Goldman Sachs Group downgraded 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 report on Monday, January 6th. TD Cowen cut their price objective on shares of Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Finally, Barrington Research reduced their target price on shares of Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Three 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 has an average rating of “Moderate Buy” and a consensus target price of $192.40.

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.