Barclays PLC Has $16.61 Million Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Barclays PLC boosted its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,814 shares of the asset manager’s stock after buying an additional 13,326 shares during the period. Barclays PLC’s holdings in Affiliated Managers Group were worth $16,610,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted 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 acquiring an additional 62 shares in the last quarter. Private Trust Co. NA lifted 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 purchasing an additional 124 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at $46,000. UMB Bank n.a. increased 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 purchasing an additional 69 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Affiliated Managers Group during the 4th quarter worth $70,000. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Trading Up 0.3 %

AMG opened at $156.05 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52. The company’s 50 day moving average price is $163.28 and its two-hundred day moving average price is $178.09. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 0.57 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data 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 net margin of 25.06% and a return on equity of 16.17%. As a group, research analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.01 dividend. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America decreased their target price on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Barrington Research lowered their price objective on shares of Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. TD Cowen dropped their price objective on shares of Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.