23,670 Shares in Affiliated Managers Group, Inc. (NYSE:AMG) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,670 shares of the asset manager’s stock, valued at approximately $4,377,000. Proficio Capital Partners LLC owned about 0.08% of Affiliated Managers Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. World Investment Advisors LLC acquired a new position in Affiliated Managers Group in the 3rd quarter valued at about $2,592,000. Asset Management One Co. Ltd. grew its position in Affiliated Managers Group by 94.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager’s stock valued at $1,884,000 after acquiring an additional 5,142 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Affiliated Managers Group in the 3rd quarter valued at about $543,000. Empirical Asset Management LLC grew its position in Affiliated Managers Group by 10,522.8% in the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after acquiring an additional 188,568 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in Affiliated Managers Group in the 3rd quarter valued at about $2,130,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AMG shares. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group downgraded 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. TD Cowen downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Finally, Barrington Research boosted their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $198.40.

Affiliated Managers Group Stock Performance

Shares of Affiliated Managers Group stock opened at $161.02 on Wednesday. The business has a 50-day simple moving average of $179.91 and a 200-day simple moving average of $181.09. The company has a market cap of $4.71 billion, a PE ratio of 10.66, a P/E/G ratio of 0.57 and a beta of 1.15. Affiliated Managers Group, Inc. has a one year low of $147.13 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.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results 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 return on equity of 16.17% and a net margin of 25.06%. On average, equities research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s payout ratio is 0.26%.

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.