O Shaughnessy Asset Management LLC Acquires 1,004 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

O Shaughnessy Asset Management LLC increased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 24.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,090 shares of the asset manager’s stock after acquiring an additional 1,004 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Affiliated Managers Group were worth $941,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Captrust Financial Advisors raised its position in Affiliated Managers Group by 91.4% during the 3rd quarter. Captrust Financial Advisors now owns 3,713 shares of the asset manager’s stock valued at $660,000 after purchasing an additional 1,773 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Affiliated Managers Group by 108.7% in the third quarter. Quantinno Capital Management LP now owns 12,066 shares of the asset manager’s stock valued at $2,145,000 after acquiring an additional 6,284 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Affiliated Managers Group in the third quarter worth about $543,000. EP Wealth Advisors LLC bought a new position in Affiliated Managers Group during the 3rd quarter worth about $260,000. Finally, National Bank of Canada FI increased its position in Affiliated Managers Group by 260.4% during the 3rd quarter. National Bank of Canada FI now owns 11,379 shares of the asset manager’s stock valued at $2,023,000 after purchasing an additional 8,222 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Down 2.4 %

Shares of AMG stock opened at $145.23 on Tuesday. The stock’s fifty day moving average price is $169.47 and its 200 day moving average price is $179.84. 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 1-year low of $139.22 and a 1-year high of $199.52. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 9.62, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. On average, research analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.01 per share. 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 currently 0.26%.

Wall Street Analyst Weigh In

AMG has been the topic of a number of recent research reports. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 6th. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. 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 research note on Thursday, February 6th. Finally, Bank of America cut their target price on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.