Foundry Partners LLC Increases Stake in Affiliated Managers Group, Inc. (NYSE:AMG)

Foundry Partners LLC raised its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,910 shares of the asset manager’s stock after acquiring an additional 129 shares during the quarter. Foundry Partners LLC’s holdings in Affiliated Managers Group were worth $723,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. World Investment Advisors LLC purchased a new position in Affiliated Managers Group in the third quarter valued at $2,592,000. Charles Schwab Investment Management Inc. raised its position in Affiliated Managers Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock valued at $61,228,000 after purchasing an additional 2,264 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Affiliated Managers Group in the 3rd quarter valued at about $543,000. Empirical Asset Management LLC grew its position in shares of Affiliated Managers Group by 10,522.8% during the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock worth $347,000 after buying an additional 188,568 shares in the last quarter. Finally, Channing Capital Management LLC increased its stake in shares of Affiliated Managers Group by 5.5% during the fourth quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager’s stock worth $95,156,000 after buying an additional 26,654 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Stock Down 6.0 %

AMG opened at $148.52 on Friday. Affiliated Managers Group, Inc. has a one year low of $146.61 and a one year high of $199.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market capitalization of $4.35 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The business’s 50-day simple moving average is $170.28 and its 200-day simple moving average is $180.03.

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 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%. Analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

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

Wall Street Analyst Weigh In

AMG has been the subject of a number of recent research reports. Barrington Research lifted their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Bank of America lowered their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock 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 assigned a buy rating to the stock. According to data from MarketBeat, Affiliated Managers Group has a consensus rating of “Moderate Buy” and a consensus target price of $197.20.

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.